What is B. Riley’s Estimate for EverQuote FY2024 Earnings?

EverQuote, Inc. (NASDAQ:EVER) – Investment analysts at B. Riley boosted their FY2024 earnings per share estimates for shares of EverQuote in a research note issued on Monday, November 4th. B. Riley analyst Z. Cummins now expects that the company will post earnings of $0.75 per share for the year, up from their previous forecast of $0.70. B. Riley currently has a “Buy” rating and a $29.00 target price on the stock. The consensus estimate for EverQuote’s current full-year earnings is $0.57 per share. B. Riley also issued estimates for EverQuote’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.30 EPS and Q4 2025 earnings at $0.23 EPS.

Several other equities research analysts have also weighed in on EVER. Needham & Company LLC boosted their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. reduced their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Craig Hallum boosted their target price on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $28.50.

EverQuote Stock Performance

EVER opened at $19.08 on Wednesday. The business has a 50 day moving average price of $20.55 and a 200 day moving average price of $21.79. EverQuote has a twelve month low of $7.95 and a twelve month high of $28.09. The firm has a market cap of $669.33 million, a P/E ratio of -22.71 and a beta of 1.06.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The firm’s revenue was up 162.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.40) EPS.

Insiders Place Their Bets

In other EverQuote news, CFO Joseph Sanborn sold 4,800 shares of EverQuote stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total value of $103,392.00. Following the transaction, the chief financial officer now directly owns 207,691 shares of the company’s stock, valued at $4,473,664.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other EverQuote news, CFO Joseph Sanborn sold 4,800 shares of EverQuote stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total value of $103,392.00. Following the transaction, the chief financial officer now directly owns 207,691 shares of the company’s stock, valued at $4,473,664.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,270 shares of company stock valued at $431,011 in the last three months. Company insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

A number of institutional investors and hedge funds have recently modified their holdings of the company. nVerses Capital LLC increased its position in shares of EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares during the period. Quarry LP increased its position in shares of EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares during the period. CWM LLC increased its position in shares of EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after purchasing an additional 1,063 shares during the period. Gladius Capital Management LP bought a new stake in shares of EverQuote during the third quarter valued at approximately $26,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of EverQuote during the second quarter valued at approximately $76,000. 91.54% of the stock is currently owned by institutional investors.

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.