William Blair Forecasts Stronger Earnings for EverQuote

EverQuote, Inc. (NASDAQ:EVER) – Investment analysts at William Blair boosted their FY2024 earnings per share (EPS) estimates for EverQuote in a note issued to investors on Tuesday, November 5th. William Blair analyst R. Schackart now expects that the company will post earnings of $0.79 per share for the year, up from their previous estimate of $0.70. The consensus estimate for EverQuote’s current full-year earnings is $0.57 per share. William Blair also issued estimates for EverQuote’s Q1 2025 earnings at $0.17 EPS and FY2026 earnings at $1.06 EPS.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The company 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%. EverQuote’s revenue was up 162.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.40) EPS.

Other analysts also recently issued reports about the company. Craig Hallum increased their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. dropped their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday. B. Riley decreased their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote currently has an average rating of “Buy” and an average target price of $28.50.

EverQuote Stock Up 4.0 %

NASDAQ:EVER opened at $18.01 on Wednesday. The stock has a market cap of $631.79 million, a price-to-earnings ratio of -21.44 and a beta of 1.06. The company’s 50 day moving average price is $20.66 and its 200-day moving average price is $21.80. EverQuote has a 52 week low of $7.11 and a 52 week high of $28.09.

Institutional Investors Weigh In On EverQuote

Institutional investors have recently bought and sold shares of the business. Quarry LP raised its stake in EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares during the period. nVerses Capital LLC purchased a new position in shares of EverQuote in the second quarter worth $35,000. CWM LLC boosted its position in shares of EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after acquiring an additional 1,063 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in EverQuote during the second quarter valued at $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in EverQuote in the 2nd quarter valued at $147,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Insider Activity

In related news, CFO Joseph Sanborn sold 4,800 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 207,691 shares in the company, valued at approximately $4,473,664.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other EverQuote news, CTO David Brainard sold 3,164 shares of EverQuote stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 $3,544,911.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph Sanborn sold 4,800 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total transaction of $103,392.00. Following the completion of the sale, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,270 shares of company stock valued at $431,011 in the last quarter. 29.79% of the stock is currently owned by insiders.

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.