FY2024 EPS Estimates for EverQuote Raised by Zacks Research

EverQuote, Inc. (NASDAQ:EVER - Free Report) - Zacks Research boosted their FY2024 earnings per share estimates for EverQuote in a research report issued on Monday, November 18th. Zacks Research analyst T. De now forecasts that the company will post earnings per share of $0.61 for the year, up from their prior estimate of $0.38. The consensus estimate for EverQuote's current full-year earnings is $0.69 per share. Zacks Research also issued estimates for EverQuote's Q2 2025 earnings at $0.16 EPS, Q1 2026 earnings at $0.24 EPS, Q2 2026 earnings at $0.30 EPS and Q3 2026 earnings at $0.19 EPS.

Other analysts have also issued research reports about the stock. Needham & Company LLC upped their target price 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. Craig Hallum upped their price objective on shares of EverQuote from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, August 6th. B. Riley dropped their target price on shares of EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, 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, November 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $28.50.

EverQuote Stock Up 0.3 %

Shares of NASDAQ:EVER opened at $18.85 on Thursday. The business's 50 day moving average is $19.77 and its 200 day moving average is $21.72. EverQuote has a 12-month low of $8.18 and a 12-month high of $28.09. The stock has a market cap of $666.35 million, a price-to-earnings ratio of 55.44 and a beta of 1.06.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. The business had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company's quarterly revenue was up 162.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.40) EPS.

Hedge Funds Weigh In On EverQuote

Several large investors have recently modified their holdings of EVER. Barclays PLC boosted its holdings in EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company's stock worth $1,076,000 after buying an additional 39,160 shares during the period. Geode Capital Management LLC lifted its position in shares of EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company's stock worth $12,554,000 after acquiring an additional 56,114 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of EverQuote in the third quarter worth $757,000. MML Investors Services LLC purchased a new position in shares of EverQuote in the third quarter valued at $290,000. Finally, Zacks Investment Management raised its stake in shares of EverQuote by 249.8% during the 3rd quarter. Zacks Investment Management now owns 52,067 shares of the company's stock valued at $1,098,000 after purchasing an additional 37,182 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insider Buying and Selling at EverQuote

In other EverQuote news, CTO David Brainard sold 1,641 shares of the business's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total value of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George R. Neble sold 2,500 shares of the company's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the transaction, the director now directly owns 54,970 shares in the company, valued at $1,067,517.40. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,716 shares of company stock worth $188,810 over the last three months. 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.

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