EverQuote (NASDAQ:EVER - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.09, Briefing.com reports. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The company had revenue of $144.53 million during the quarter, compared to analysts' expectations of $140.30 million. During the same quarter in the prior year, the business earned ($0.40) earnings per share. EverQuote's revenue for the quarter was up 162.7% compared to the same quarter last year. EverQuote updated its Q4 2024 guidance to EPS.
EverQuote Stock Up 4.0 %
Shares of NASDAQ:EVER traded up $0.70 during trading on Tuesday, reaching $18.01. 1,843,533 shares of the company's stock traded hands, compared to its average volume of 469,932. EverQuote has a fifty-two week low of $7.11 and a fifty-two week high of $28.09. The company has a 50-day simple moving average of $20.66 and a 200-day simple moving average of $21.80. The firm has a market cap of $631.79 million, a PE ratio of -21.44 and a beta of 1.06.
Insider Buying and Selling
In other news, CTO David Brainard sold 3,164 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total value of $69,671.28. Following the completion of the sale, the chief technology officer now directly owns 160,986 shares in the company, valued at $3,544,911.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director George R. Neble sold 2,500 shares of the company'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 sale, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Brainard sold 3,164 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,270 shares of company stock valued at $431,011. 29.79% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on EVER. Craig Hallum raised their price objective on EverQuote from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, August 6th. B. Riley decreased their price target on EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. cut their target price on EverQuote from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote has an average rating of "Buy" and an average target price of $28.50.
Check Out Our Latest Analysis on EVER
About EverQuote
(
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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.
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