EverQuote (NASDAQ:EVER) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

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. The firm had revenue of $91.07 million during the quarter, compared to analyst estimates of $80.36 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The company’s revenue was down 16.6% on a year-over-year basis. During the same period last year, the company earned ($0.08) earnings per share. EverQuote updated its Q2 2024 guidance to EPS.

EverQuote Stock Down 5.8 %

Shares of EVER stock opened at $23.82 on Thursday. EverQuote has a 12-month low of $5.36 and a 12-month high of $25.69. The firm has a fifty day moving average of $18.53 and a 200-day moving average of $13.82. The firm has a market capitalization of $815.36 million, a price-to-earnings ratio of -15.47 and a beta of 0.85.

Insider Buying and Selling

In other EverQuote news, major shareholder Ventures Lllp Link sold 2,573 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total value of $52,695.04. Following the completion of the transaction, the insider now directly owns 1,562,990 shares of the company’s stock, valued at $32,010,035.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director David B. Blundin sold 89,177 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $15.00, for a total value of $1,337,655.00. Following the sale, the director now directly owns 802,589 shares of the company’s stock, valued at approximately $12,038,835. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ventures Lllp Link sold 2,573 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total value of $52,695.04. Following the transaction, the insider now owns 1,562,990 shares of the company’s stock, valued at approximately $32,010,035.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 524,065 shares of company stock valued at $9,544,076. 29.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EVER shares. B. Riley boosted their price target on shares of EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a research note on Tuesday. Canaccord Genuity Group upped their target price on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC raised their price target on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Craig Hallum upped their price objective on EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote presently has a consensus rating of “Buy” and an average price target of $26.25.

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.