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Fly News Breaks for April 4, 2019
EVER
Apr 4, 2019 | 07:38 EDT
JMP Securities analyst Ronald Josey said he believes that EverQuote is making progress in growing consumer demand, adding more carriers, improving carrier integrations and launching newer verticals and that progress in its core demand channels seen in Q4 has continued thus far in Q1. However, given increasing investments in marketing and advertising in 2019 and beyond, he lowered his price target on EverQuote shares to $12 from $18. Josey keeps an Outperform rating on the stock.
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