EverQuote (NASDAQ:EVER) Issues Quarterly Earnings Results

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

EverQuote Trading Up 11.4 %

Shares of EverQuote stock traded up $2.43 during trading hours on Tuesday, reaching $23.79. The stock had a trading volume of 557,641 shares, compared to its average volume of 381,886. The firm has a market capitalization of $814.33 million, a price-to-earnings ratio of -15.26 and a beta of 0.85. EverQuote has a 1 year low of $5.36 and a 1 year high of $24.12. The firm has a 50 day simple moving average of $18.30 and a two-hundred day simple moving average of $13.60.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. B. Riley initiated coverage on EverQuote in a research report on Friday, April 19th. They set a “buy” rating and a $24.00 target price on the stock. Finally, Needham & Company LLC raised their price target on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote presently has an average rating of “Buy” and a consensus price target of $21.60.

Insider Transactions at EverQuote

In other news, major shareholder Ventures Lllp Link sold 10,422 shares of the stock in a transaction on Friday, February 9th. The shares were 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 owns 1,858,407 shares of the company’s stock, valued at $28,675,220.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other EverQuote news, CFO Joseph Sanborn sold 8,051 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $20.00, for a total value of $161,020.00. Following the completion of the sale, the chief financial officer now owns 220,986 shares of the company’s stock, valued at $4,419,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ventures Lllp Link sold 10,422 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $15.43, for a total transaction of $160,811.46. Following the transaction, the insider now directly owns 1,858,407 shares in the company, valued at $28,675,220.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 524,065 shares of company stock worth $9,544,076. 29.79% of the stock is currently owned by company insiders.

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.