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Fly News Breaks for February 26, 2019
EVER
Feb 26, 2019 | 07:54 EDT
Oppenheimer analyst Jed Kelly lowered his price target for EverQuote to $11 from $16 following quarterly results, which suggest Q4 traffic headwinds were company specific. The analyst reiterates an Outperform rating on the shares as he is more encouraged toward the company's long-term outlook after it guided 2019 revenue above the Street on more balanced growth between pricing and volume, that implies Q4 marketing initiatives are re-accelerating profitable traffic.
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