Q3 2024 EPS Estimates for EverQuote, Inc. Boosted by Zacks Research (NASDAQ:EVER)

EverQuote, Inc. (NASDAQ:EVER) – Equities researchers at Zacks Research increased their Q3 2024 EPS estimates for shares of EverQuote in a research report issued on Tuesday, June 11th. Zacks Research analyst T. De now expects that the company will post earnings of ($0.03) per share for the quarter, up from their previous forecast of ($0.05). The consensus estimate for EverQuote’s current full-year earnings is $0.05 per share. Zacks Research also issued estimates for EverQuote’s Q4 2024 earnings at ($0.06) EPS and FY2024 earnings at $0.00 EPS.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The company had revenue of $91.07 million during the quarter, compared to analyst estimates of $80.36 million. During the same quarter in the previous year, the business earned ($0.08) EPS. The firm’s revenue was down 16.6% on a year-over-year basis.

A number of other brokerages have also weighed in on EVER. Craig Hallum upped their target price on shares of EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Canaccord Genuity Group upped their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. B. Riley upped their target price on shares of EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Finally, Needham & Company LLC upped their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $26.25.

EverQuote Trading Down 4.8 %

Shares of NASDAQ EVER opened at $19.18 on Friday. The firm has a market cap of $665.93 million, a PE ratio of -13.60 and a beta of 1.00. EverQuote has a 1-year low of $5.36 and a 1-year high of $25.69. The company has a fifty day moving average price of $21.69 and a 200 day moving average price of $16.74.

Insider Transactions at EverQuote

In other news, major shareholder Ventures Lllp Link sold 2,573 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total transaction of $52,695.04. Following the completion of the transaction, the insider now directly owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, General Counsel Julia Brncic sold 2,622 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $21.16, for a total value of $55,481.52. Following the sale, the general counsel now directly owns 118,963 shares of the company’s stock, valued at approximately $2,517,257.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Ventures Lllp Link sold 2,573 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total transaction of $52,695.04. Following the completion of the sale, the insider now directly owns 1,562,990 shares in the company, valued at $32,010,035.20. The disclosure for this sale can be found here. Insiders sold a total of 160,146 shares of company stock worth $3,346,783 in the last three months. Insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVER. New York State Common Retirement Fund raised its holdings in EverQuote by 15.6% in the 3rd quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock valued at $305,000 after acquiring an additional 5,684 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of EverQuote by 193.7% during the third quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock worth $5,183,000 after purchasing an additional 472,821 shares during the period. Acadian Asset Management LLC increased its holdings in shares of EverQuote by 21.3% during the third quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock worth $1,592,000 after purchasing an additional 38,663 shares during the period. B. Riley Asset Management LLC bought a new position in shares of EverQuote during the third quarter worth approximately $723,000. Finally, Earnest Partners LLC increased its holdings in shares of EverQuote by 44.2% during 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 period. 91.54% of the stock is owned by institutional investors.

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.