EverQuote Inc. (EVER) witnessed a significant surge in its stock price on Monday, with shares soaring by 14.39% as of 3:34 PM ET. The online insurance marketplace company's shares experienced heightened trading activity, fueled by increased options trading and bullish analyst sentiment.
According to market data, the March 21, 2025 call option with a strike price of $12.50 for EverQuote exhibited high implied volatility, suggesting that traders anticipate a substantial movement in the underlying stock. High implied volatility in options trading often signals that investors are positioning for a significant price move or an upcoming event that could impact the stock's performance.
In addition to the elevated options activity, EverQuote has garnered positive attention from analysts. The company currently holds a "Buy" rating from Zacks Investment Research, and analysts have revised their earnings estimates upward for the current quarter. Three analysts have raised their estimates, while one has lowered their projection, resulting in a net increase in the Zacks Consensus Estimate for the quarter.
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