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

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

EverQuote Price Performance

EVER traded up $0.22 during midday trading on Wednesday, reaching $18.23. 15,449 shares of the company’s stock traded hands, compared to its average volume of 467,818. EverQuote has a 52 week low of $7.95 and a 52 week high of $28.09. The firm has a fifty day moving average of $20.66 and a two-hundred day moving average of $21.80. The stock has a market capitalization of $639.51 million, a price-to-earnings ratio of -21.70 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EVER. Craig Hallum upped their price objective on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. B. Riley decreased their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday. Needham & Company LLC upped their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday. Six 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 target price of $28.50.

Insider Activity

In related news, CTO David Brainard sold 3,164 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total value of $69,671.28. Following the completion of the sale, the chief technology officer now owns 160,986 shares of the company’s stock, valued at $3,544,911.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other EverQuote news, CTO David Brainard sold 3,164 shares of EverQuote 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 sale, the chief technology officer now directly owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George R. Neble sold 2,500 shares of the 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 completion of the transaction, the director now directly owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,270 shares of company stock valued at $431,011. Company insiders own 29.79% of the company’s stock.

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.