EverQuote (NASDAQ:EVER) Posts Earnings Results

EverQuote (NASDAQ:EVER) issued its quarterly earnings data on Monday. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09, Briefing.com reports. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The company had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. During the same period last year, the company earned ($0.40) earnings per share. The firm’s revenue was up 162.7% compared to the same quarter last year. EverQuote updated its Q4 2024 guidance to EPS.

EverQuote Stock Performance

Shares of EverQuote stock traded up $0.83 during mid-day trading on Tuesday, hitting $18.14. 837,250 shares of the stock were exchanged, compared to its average volume of 465,230. EverQuote has a 12 month low of $7.11 and a 12 month high of $28.09. The company has a 50-day simple moving average of $20.66 and a 200 day simple moving average of $21.80. The company has a market capitalization of $636.35 million, a P/E ratio of -21.05 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EVER shares. Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Craig Hallum increased their price objective on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. cut their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, B. Riley dropped their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote has a consensus rating of “Buy” and a consensus target price of $28.50.

Insider Activity

In other EverQuote news, CTO David Brainard sold 3,164 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total value of $69,671.28. Following the completion of the transaction, the chief technology officer now owns 160,986 shares in the company, valued at $3,544,911.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO David Brainard sold 3,164 shares of EverQuote stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $22.02, for a total value of $69,671.28. Following the sale, the chief technology officer now owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the transaction, the director now directly owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,270 shares of company stock valued at $431,011 over the last three months. Corporate insiders own 29.79% of the company’s stock.

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.