EverQuote (NASDAQ:EVER) Announces Quarterly Earnings Results

EverQuote (NASDAQ:EVER) released its quarterly earnings data on Monday. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12, Briefing.com reports. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The business had revenue of $91.07 million for the quarter, compared to analyst estimates of $80.36 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. EverQuote updated its Q2 2024 guidance to EPS.

EverQuote Price Performance

Shares of EverQuote stock opened at $25.29 on Wednesday. The business has a 50 day simple moving average of $18.38 and a two-hundred day simple moving average of $13.69. The stock has a market capitalization of $865.68 million, a P/E ratio of -16.42 and a beta of 0.85. EverQuote has a 12 month low of $5.36 and a 12 month high of $25.69.

Insider Buying and Selling

In other EverQuote news, Director David B. Blundin sold 89,177 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $15.00, for a total value of $1,337,655.00. Following the transaction, the director now owns 802,589 shares in the company, valued at approximately $12,038,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Ventures Lllp Link sold 10,422 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.43, for a total value of $160,811.46. Following the completion of the sale, the insider now directly owns 1,858,407 shares in the company, valued at $28,675,220.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Blundin sold 89,177 shares of EverQuote stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.00, for a total value of $1,337,655.00. Following the transaction, the director now owns 802,589 shares in the company, valued at approximately $12,038,835. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 524,065 shares of company stock worth $9,544,076. 29.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EVER has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price objective on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Craig Hallum increased their price target on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC boosted their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. B. Riley upped their target price on EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $26.25.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.