B. Riley Weighs in on EverQuote, Inc.’s Q3 2024 Earnings (NASDAQ:EVER)

EverQuote, Inc. (NASDAQ:EVER) – Analysts at B. Riley upped their Q3 2024 earnings per share estimates for EverQuote in a report released on Monday, August 5th. B. Riley analyst Z. Cummins now expects that the company will earn $0.26 per share for the quarter, up from their prior forecast of ($0.02). B. Riley has a “Buy” rating and a $29.50 price target on the stock. The consensus estimate for EverQuote’s current full-year earnings is $0.05 per share. B. Riley also issued estimates for EverQuote’s Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.70 EPS and FY2025 earnings at $0.89 EPS.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group increased 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, May 7th. JPMorgan Chase & Co. lifted their target price on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday. Craig Hallum upped their price objective on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Needham & Company LLC lifted their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $29.58.

EverQuote Trading Down 5.4 %

NASDAQ:EVER traded down $1.25 on Thursday, reaching $21.85. 966,575 shares of the stock traded hands, compared to its average volume of 453,725. EverQuote has a 1-year low of $5.52 and a 1-year high of $28.09. The company’s 50 day moving average is $22.47 and its 200-day moving average is $19.87. The firm has a market capitalization of $758.74 million, a price-to-earnings ratio of -15.50 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.14. EverQuote had a negative return on equity of 31.65% and a negative net margin of 17.37%. The company had revenue of $117.14 million during the quarter, compared to analysts’ expectations of $102.81 million. During the same quarter in the prior year, the firm posted ($0.31) earnings per share. The business’s quarterly revenue was up 72.3% on a year-over-year basis.

Insider Activity at EverQuote

In related news, Director David B. Blundin sold 5,384 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $23.16, for a total transaction of $124,693.44. Following the completion of the sale, the director now directly owns 1,519,511 shares of the company’s stock, valued at $35,191,874.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other EverQuote news, major shareholder Ventures Lllp Link sold 7,680 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $207,974.40. Following the completion of the sale, the insider now directly owns 3,510,721 shares of the company’s stock, valued at $95,070,324.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David B. Blundin sold 5,384 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $23.16, for a total value of $124,693.44. Following the completion of the sale, the director now directly owns 1,519,511 shares of the company’s stock, valued at $35,191,874.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,175 shares of company stock valued at $3,700,019. 29.79% of the stock is owned by insiders.

Institutional Trading of EverQuote

A number of large investors have recently bought and sold shares of EVER. BNP Paribas Financial Markets grew its position in shares of EverQuote by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock valued at $1,016,000 after purchasing an additional 30,699 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of EverQuote by 244,503.3% in the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after purchasing an additional 293,404 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in EverQuote during the first quarter valued at $2,167,000. New York State Common Retirement Fund boosted its stake in EverQuote by 25.6% during the fourth quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock valued at $649,000 after buying an additional 10,813 shares during the period. Finally, Asset Management One Co. Ltd. bought a new stake in EverQuote during the fourth quarter valued at $66,000. 91.54% of the stock is owned by hedge funds and other 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.