EverQuote (NASDAQ:EVER) Announces Quarterly Earnings Results, Hits Estimates

EverQuote (NASDAQ:EVER) released its quarterly earnings data on Monday. The company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49, FiscalAI reports. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business had revenue of $218.08 million during the quarter, compared to analyst estimates of $203.23 million.

EverQuote Stock Up 3.2%

NASDAQ:EVER traded up $0.76 during mid-day trading on Monday, hitting $24.27. 646,720 shares of the stock traded hands, compared to its average volume of 819,242. The business’s 50-day moving average price is $22.34 and its 200 day moving average price is $20.53. The company has a market cap of $874.45 million, a PE ratio of 7.88 and a beta of 0.82. EverQuote has a 12-month low of $13.88 and a 12-month high of $28.73.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EVER. Wall Street Zen downgraded EverQuote from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Zacks Research raised EverQuote from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Weiss Ratings upgraded EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. JPMorgan Chase & Co. started coverage on EverQuote in a research note on Monday, August 24th. They set an “overweight” rating and a $29.00 price objective on the stock. Finally, Raymond James Financial reissued an “outperform” rating and set a $28.00 price objective on shares of EverQuote in a report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, EverQuote presently has a consensus rating of “Moderate Buy” and an average price target of $28.17.

Insider Buying and Selling at EverQuote

In other EverQuote news, Director Mira Wilczek sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $25.07, for a total value of $238,165.00. Following the sale, the director directly owned 110,353 shares in the company, valued at $2,766,549.71. This represents a 7.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David Brainard sold 2,626 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $19.90, for a total transaction of $52,257.40. Following the completion of the transaction, the chief technology officer directly owned 150,178 shares of the company’s stock, valued at approximately $2,988,542.20. The trade was a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 75,681 shares of company stock worth $1,730,822 in the last ninety days. Insiders own 23.68% of the company’s stock.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace that connects consumers seeking insurance with insurance providers and distribution partners. The company uses technology, data, and digital marketing to help consumers compare insurance options and obtain quotes.

Its platform has primarily focused on auto insurance, while also supporting other insurance categories, including home and renters insurance. EverQuote generates business by providing insurance carriers and agents with consumer referrals and opportunities to reach people who are actively shopping for coverage.

Founded in 2010 and headquartered in Cambridge, Massachusetts, EverQuote serves the United States insurance market.