EverQuote (NASDAQ:EVER) Announces Earnings Results, Beats Estimates By $0.09 EPS

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

EverQuote Trading Up 4.8 %

NASDAQ:EVER traded up $0.83 during trading hours on Tuesday, reaching $18.14. The company had a trading volume of 837,250 shares, compared to its average volume of 465,230. EverQuote has a 52 week low of $7.11 and a 52 week high of $28.09. The firm has a market cap of $636.35 million, a price-to-earnings ratio of -21.05 and a beta of 1.06. The firm’s 50 day moving average price is $20.66 and its 200-day moving average price is $21.80.

Analyst Upgrades and Downgrades

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

Insider Activity

In other EverQuote news, CFO Joseph Sanborn sold 4,800 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $21.54, for a total transaction of $103,392.00. Following the completion of the transaction, the chief financial officer now owns 207,691 shares of the company’s stock, valued at $4,473,664.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other EverQuote news, CFO Joseph Sanborn sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $21.54, for a total transaction of $103,392.00. Following the transaction, the chief financial officer now owns 207,691 shares of the company’s stock, valued at approximately $4,473,664.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 3,164 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total transaction of $69,671.28. Following the transaction, the chief technology officer now owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,270 shares of company stock worth $431,011 over the last ninety days. Corporate 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.