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

EverQuote (NASDAQ:EVER) issued its quarterly earnings results 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 return on equity of 15.01% and a net margin of 3.31%. The firm had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same period in the previous year, the company posted ($0.40) earnings per share. The business’s revenue was up 162.7% on a year-over-year basis. EverQuote updated its Q4 2024 guidance to EPS.

EverQuote Stock Performance

EVER stock traded down $0.23 during mid-day trading on Thursday, reaching $18.85. The company had a trading volume of 134,567 shares, compared to its average volume of 469,544. EverQuote has a fifty-two week low of $7.95 and a fifty-two week high of $28.09. The company has a market capitalization of $661.26 million, a price-to-earnings ratio of 56.12 and a beta of 1.06. The firm has a fifty day simple moving average of $20.55 and a 200 day simple moving average of $21.79.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. B. Riley dropped their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday. 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 report on Tuesday. Craig Hallum increased their price target on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Needham & Company LLC boosted their price objective on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote currently has a consensus rating of “Buy” and a consensus price target of $28.50.

Insider Activity at EverQuote

In other news, CTO David Brainard sold 3,164 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $22.02, for a total value of $69,671.28. Following the sale, the chief technology officer now directly owns 160,986 shares in the company, valued at approximately $3,544,911.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Joseph Sanborn sold 4,800 shares of the stock in a transaction 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 owns 207,691 shares in the company, valued at $4,473,664.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David Brainard sold 3,164 shares of the stock in a transaction dated 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 owns 160,986 shares of the company’s stock, valued at $3,544,911.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,270 shares of company stock valued at $431,011 over the last 90 days. 29.79% of the stock is owned by corporate 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.