EverQuote (NASDAQ:EVER) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

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

EverQuote Stock Performance

Shares of NASDAQ:EVER traded up $1.07 during midday trading on Wednesday, reaching $19.08. The company’s stock had a trading volume of 721,629 shares, compared to its average volume of 471,102. EverQuote has a fifty-two week low of $7.95 and a fifty-two week high of $28.09. The firm has a 50 day moving average price of $20.55 and a two-hundred day moving average price of $21.79. The firm has a market capitalization of $669.33 million, a price-to-earnings ratio of -22.71 and a beta of 1.06.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other EverQuote news, Director George R. Neble sold 2,500 shares of the business’s 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 transaction, the director now directly owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EverQuote news, CTO David Brainard sold 1,641 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the transaction, the chief technology officer now owns 155,491 shares in the company, valued at approximately $3,144,028.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,270 shares of company stock valued at $431,011 over the last 90 days. Company insiders own 29.79% of the company’s stock.

EverQuote Company Profile

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.