EverQuote (NASDAQ:EVER) posted its quarterly earnings results on Sunday. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.02, MarketWatch Earnings reports. The company had revenue of $97.30 million for the quarter, compared to analysts’ expectations of $91.79 million. EverQuote had a negative return on equity of 14.19% and a negative net margin of 2.59%. The firm’s revenue was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) earnings per share.
NASDAQ:EVER traded up $5.22 during trading hours on Tuesday, reaching $49.75. The company’s stock had a trading volume of 1,159,224 shares, compared to its average volume of 322,504. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -160.48 and a beta of 1.58. EverQuote has a one year low of $21.00 and a one year high of $63.44. The business’s 50-day moving average is $43.87 and its 200-day moving average is $39.28.
In other EverQuote news, insider Elyse Neumeier sold 1,860 shares of the business’s stock in a transaction on Thursday, February 18th. The shares were sold at an average price of $47.85, for a total transaction of $89,001.00. Following the completion of the transaction, the insider now owns 41,992 shares of the company’s stock, valued at approximately $2,009,317.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Nicholas Graham sold 545 shares of the business’s stock in a transaction on Tuesday, February 9th. The stock was sold at an average price of $48.54, for a total transaction of $26,454.30. Following the transaction, the executive now directly owns 13,716 shares of the company’s stock, valued at approximately $665,774.64. The disclosure for this sale can be found here. Insiders sold 80,255 shares of company stock valued at $3,320,886 over the last quarter. 45.70% of the stock is currently owned by corporate insiders.
A number of analysts have recently issued reports on EVER shares. Needham & Company LLC restated a “buy” rating and issued a $65.00 target price on shares of EverQuote in a report on Tuesday. Oppenheimer reissued a “buy” rating and set a $70.00 price target (up from $55.00) on shares of EverQuote in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on EverQuote from $54.00 to $48.00 and set an “overweight” rating for the company in a research report on Wednesday, December 16th. They noted that the move was a valuation call. Finally, Raymond James upped their target price on EverQuote from $51.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $58.63.
EverQuote Company Profile
EverQuote, Inc operates an online marketplace for insurance shopping in the United States. Its online marketplace offers consumers shopping for auto, home and renters, life, health, and commercial insurance. The company serves carriers, agents, and indirect distributors and aggregators. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.
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