EverQuote, Inc. to Post Q2 2024 Earnings of $0.00 Per Share, Zacks Research Forecasts (NASDAQ:EVER)

EverQuote, Inc. (NASDAQ:EVER) – Research analysts at Zacks Research boosted their Q2 2024 earnings per share estimates for shares of EverQuote in a research note issued to investors on Monday, May 20th. Zacks Research analyst T. De now anticipates that the company will earn $0.00 per share for the quarter, up from their previous estimate of ($0.15). The consensus estimate for EverQuote’s current full-year earnings is $0.03 per share. Zacks Research also issued estimates for EverQuote’s Q3 2024 earnings at ($0.07) EPS, Q4 2024 earnings at ($0.10) EPS, FY2024 earnings at ($0.11) EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.00 EPS, FY2025 earnings at $0.13 EPS, Q1 2026 earnings at $0.08 EPS and FY2026 earnings at $0.27 EPS.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The business had revenue of $91.07 million for the quarter, compared to the consensus estimate of $80.36 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. EverQuote’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) earnings per share.

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

EverQuote Trading Down 1.8 %

EverQuote stock opened at $23.73 on Wednesday. EverQuote has a 1-year low of $5.36 and a 1-year high of $25.69. The firm’s fifty day simple moving average is $20.31 and its 200-day simple moving average is $15.11. The company has a market capitalization of $823.91 million, a P/E ratio of -16.83 and a beta of 0.85.

Insider Activity at EverQuote

In other news, CTO David Brainard sold 4,327 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $24.95, for a total transaction of $107,958.65. Following the sale, the chief technology officer now directly owns 175,142 shares in the company, valued at $4,369,792.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related 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 sale, the insider now owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David Brainard sold 4,327 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $24.95, for a total transaction of $107,958.65. Following the sale, the chief technology officer now directly owns 175,142 shares of the company’s stock, valued at approximately $4,369,792.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 424,041 shares of company stock worth $8,089,238. Company insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates raised its holdings in shares of EverQuote by 69.3% in the third quarter. Raymond James & Associates now owns 44,704 shares of the company’s stock valued at $323,000 after buying an additional 18,295 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of EverQuote by 15.6% during the third quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock worth $305,000 after purchasing an additional 5,684 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of EverQuote by 9.0% during the third quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock worth $4,009,000 after purchasing an additional 45,813 shares in the last quarter. Envestnet Asset Management Inc. grew its stake 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 valued at $5,183,000 after purchasing an additional 472,821 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of EverQuote by 21.3% in the third quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock valued at $1,592,000 after purchasing an additional 38,663 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

About EverQuote

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.