EverQuote (NASDAQ:EVER) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

EverQuote (NASDAQ:EVER) announced its quarterly earnings data on Sunday. The company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.02, MarketWatch Earnings reports. The business had revenue of $97.30 million for the quarter, compared to analyst estimates of $91.79 million. EverQuote had a negative net margin of 2.59% and a negative return on equity of 14.19%. The company’s revenue was up 31.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) EPS.

EVER traded up $5.99 on Tuesday, reaching $50.52. 46,322 shares of the company’s stock were exchanged, compared to its average volume of 297,828. EverQuote has a twelve month low of $21.00 and a twelve month high of $63.44. The company’s 50 day moving average is $43.87 and its 200-day moving average is $39.28. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -164.32 and a beta of 1.58.

Several research analysts have recently weighed in on EVER shares. Oppenheimer reiterated a “buy” rating and set a $70.00 price objective on shares of EverQuote in a report on Tuesday. Raymond James increased their price objective on shares of EverQuote from $51.00 to $58.00 and gave the stock an “outperform” rating in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $65.00 price objective on shares of EverQuote in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of EverQuote from $54.00 to $48.00 and set an “overweight” rating for the company in a research report on Wednesday, December 16th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $58.63.

In other EverQuote news, CRO Nicholas Graham sold 545 shares of the stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $48.54, for a total value of $26,454.30. Following the completion of the sale, the executive now owns 13,716 shares of the company’s stock, valued at $665,774.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jayme Mendal sold 3,250 shares of the stock in a transaction that occurred on Friday, November 27th. The shares were sold at an average price of $41.94, for a total transaction of $136,305.00. Following the completion of the sale, the chief executive officer now directly owns 206,630 shares of the company’s stock, valued at approximately $8,666,062.20. The disclosure for this sale can be found here. Insiders sold 80,255 shares of company stock valued at $3,320,886 in the last ninety days. 45.70% of the stock is owned by corporate insiders.

An institutional investor recently bought a new position in EverQuote stock. OLD Mission Capital LLC purchased a new position in shares of EverQuote, Inc. (NASDAQ:EVER) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,100 shares of the company’s stock, valued at approximately $236,000. Hedge funds and other institutional investors own 60.85% of the company’s stock.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. Its online marketplace offers consumers shopping for auto, home and renters, life, health, and commercial insurance. The company serves carriers, agents, and indirect distributors and aggregators. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.

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