EverQuote, Inc. to Post Q3 2024 Earnings of $0.10 Per Share, Zacks Research Forecasts (NASDAQ:EVER)

EverQuote, Inc. (NASDAQ:EVER) – Stock analysts at Zacks Research boosted their Q3 2024 EPS estimates for EverQuote in a research note issued on Tuesday, October 8th. Zacks Research analyst T. De now anticipates that the company will post earnings per share of $0.10 for the quarter, up from their previous forecast of $0.08. The consensus estimate for EverQuote’s current full-year earnings is $0.57 per share. Zacks Research also issued estimates for EverQuote’s Q4 2024 earnings at $0.07 EPS, FY2024 earnings at $0.38 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.69 EPS, Q2 2026 earnings at $0.35 EPS and FY2026 earnings at $0.87 EPS.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The company had revenue of $117.14 million for the quarter, compared to the consensus estimate of $102.81 million. During the same period in the previous year, the firm posted ($0.31) EPS. EverQuote’s revenue for the quarter was up 72.3% compared to the same quarter last year.

EVER has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum lifted 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. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote presently has an average rating of “Buy” and a consensus price target of $29.58.

EverQuote Trading Up 2.0 %

Shares of EverQuote stock opened at $20.04 on Thursday. The firm has a market cap of $703.00 million, a PE ratio of -23.86 and a beta of 1.04. The stock has a 50 day moving average of $21.98 and a 200 day moving average of $21.80. EverQuote has a 12 month low of $6.64 and a 12 month high of $28.09.

Institutional Trading of EverQuote

Several institutional investors and hedge funds have recently made changes to their positions in the business. Counterpoint Mutual Funds LLC bought a new position in shares of EverQuote in the first quarter worth about $672,000. BNP Paribas Financial Markets increased its position in shares of EverQuote by 127.6% during the first quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after acquiring an additional 30,699 shares during the period. Russell Investments Group Ltd. raised its stake in shares of EverQuote by 244,503.3% during the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after acquiring an additional 293,404 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of EverQuote in the first quarter valued at approximately $211,000. Finally, First Eagle Investment Management LLC grew its stake in EverQuote by 3.6% in the first quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock worth $9,876,000 after purchasing an additional 18,523 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other EverQuote news, Director David B. Blundin sold 3,255 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $26.81, for a total transaction of $87,266.55. Following the transaction, the director now owns 264,273 shares in the company, valued at $7,085,159.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director George R. Neble sold 2,500 shares of the firm’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 transaction of $48,550.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Blundin sold 3,255 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $26.81, for a total value of $87,266.55. Following the transaction, the director now owns 264,273 shares of the company’s stock, valued at approximately $7,085,159.13. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,529 shares of company stock worth $2,834,553 over the last three months. 29.79% of the stock is owned by 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.