Q2 2024 EPS Estimates for EverQuote, Inc. (NASDAQ:EVER) Boosted by B. Riley

EverQuote, Inc. (NASDAQ:EVER) – Investment analysts at B. Riley lifted their Q2 2024 earnings per share estimates for EverQuote in a research note issued on Tuesday, May 7th. B. Riley analyst Z. Cummins now expects that the company will earn $0.05 per share for the quarter, up from their prior estimate of ($0.09). B. Riley has a “Buy” rating and a $29.50 price objective on the stock. The consensus estimate for EverQuote’s current full-year earnings is ($0.36) per share. B. Riley also issued estimates for EverQuote’s Q3 2024 earnings at ($0.02) EPS, Q4 2024 earnings at ($0.06) EPS, FY2024 earnings at $0.02 EPS and FY2025 earnings at $0.17 EPS.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The business had revenue of $91.07 million during the quarter, compared to the consensus estimate of $80.36 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) earnings per share.

EVER has been the topic of a number of other reports. Craig Hallum increased their target price on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Canaccord Genuity Group increased their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Needham & Company LLC increased their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $26.25.

EverQuote Trading Down 5.8 %

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Earnest Partners LLC boosted its position in EverQuote by 44.2% in the third quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock worth $13,980,000 after purchasing an additional 592,262 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of EverQuote by 193.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock valued at $5,183,000 after buying an additional 472,821 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of EverQuote by 9.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock valued at $4,009,000 after buying an additional 45,813 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after buying an additional 293,404 shares in the last quarter. Finally, HST Ventures LLC lifted its position in shares of EverQuote by 13.9% during the 4th quarter. HST Ventures LLC now owns 291,705 shares of the company’s stock valued at $3,570,000 after buying an additional 35,624 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EverQuote

In related news, major shareholder Ventures Lllp Link sold 91,838 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $19.37, for a total transaction of $1,778,902.06. Following the sale, the insider now directly owns 1,649,044 shares of the company’s stock, valued at $31,941,982.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other EverQuote news, Director David B. Blundin sold 89,177 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $15.00, for a total value of $1,337,655.00. Following the transaction, the director now directly owns 802,589 shares of the company’s stock, valued at $12,038,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ventures Lllp Link sold 91,838 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $19.37, for a total value of $1,778,902.06. Following the completion of the transaction, the insider now directly owns 1,649,044 shares in the company, valued at $31,941,982.28. The disclosure for this sale can be found here. Insiders have sold 524,065 shares of company stock valued at $9,544,076 over the last ninety days. 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.