FY2024 EPS Estimates for EverQuote Boosted by William Blair

EverQuote, Inc. (NASDAQ:EVER) – Research analysts at William Blair raised their FY2024 EPS estimates for EverQuote in a report released on Tuesday, November 5th. William Blair analyst R. Schackart now expects that the company will post earnings per share of $0.79 for the year, up from their previous forecast 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.

A number of other research firms have also recently weighed in on EVER. Craig Hallum raised their price objective on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Needham & Company LLC raised their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. B. Riley cut their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, EverQuote has a consensus rating of “Buy” and an average target price of $28.50.

EverQuote Stock Up 5.9 %

Shares of NASDAQ:EVER opened at $19.08 on Wednesday. The firm’s 50 day moving average price is $20.55 and its 200 day moving average price is $21.79. The stock has a market cap of $669.33 million, a price-to-earnings ratio of -22.71 and a beta of 1.06. EverQuote has a fifty-two week low of $7.95 and a fifty-two week high of $28.09.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm 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%. The firm’s revenue was up 162.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.40) earnings per share.

Insider Transactions at EverQuote

In other news, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the transaction, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Joseph Sanborn sold 4,800 shares of the firm’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 transaction, the chief financial officer now directly owns 207,691 shares in the company, valued at approximately $4,473,664.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,270 shares of company stock worth $431,011. Insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently bought and sold shares of EVER. Gladius Capital Management LP purchased a new position in EverQuote in the 3rd quarter valued at $26,000. Quarry LP grew its position in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after buying an additional 985 shares during the last quarter. nVerses Capital LLC purchased a new position in EverQuote in the 2nd quarter valued at $35,000. CWM LLC grew its position in EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after buying an additional 1,063 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in EverQuote in the 2nd quarter valued at $76,000. 91.54% of the stock is currently owned by hedge funds and other 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.