EverQuote (NASDAQ:EVER) Issues Quarterly Earnings Results

EverQuote (NASDAQ:EVER) issued its quarterly earnings results on Monday. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate 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 net margin of 3.31% and a return on equity of 15.01%. The company’s revenue was up 162.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.40) EPS. EverQuote updated its Q4 2024 guidance to EPS.

EverQuote Trading Down 0.9 %

EVER traded down $0.17 during trading hours on Thursday, hitting $18.91. The company’s stock had a trading volume of 114,612 shares, compared to its average volume of 469,452. The stock has a market cap of $663.36 million, a price-to-earnings ratio of 56.12 and a beta of 1.06. The business’s 50-day moving average price is $20.55 and its 200-day moving average price is $21.79. EverQuote has a 12 month low of $7.95 and a 12 month high of $28.09.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday. Craig Hallum upped their price target 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 lowered their target price 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 raised their target price 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, Based on data from MarketBeat.com, EverQuote has a consensus rating of “Buy” and an average price target of $28.50.

Insider Buying and Selling at EverQuote

In other news, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the sale, the director now directly owns 54,970 shares in the company, valued at $1,067,517.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the transaction, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,270 shares of company stock worth $431,011 over the last 90 days. 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.