EverQuote (NASDAQ:EVER) Issues Quarterly Earnings Results, Hits Expectations
EverQuote (NASDAQ:EVER) issued its quarterly earnings results on Sunday. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.13), MarketWatch Earnings reports. EverQuote had a negative return on equity of 14.19% and a negative net margin of 2.59%. The firm had revenue of $103.80 million during the quarter, compared to analyst estimates of $101.42 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue was up 27.5% compared to the same quarter last year.
Shares of EverQuote stock traded down $1.40 during trading on Tuesday, reaching $33.02. 32,642 shares of the stock traded hands, compared to its average volume of 257,528. The company has a market capitalization of $940.24 million, a price-to-earnings ratio of -106.45 and a beta of 1.58. The business has a fifty day simple moving average of $36.09 and a two-hundred day simple moving average of $39.34. EverQuote has a 52-week low of $31.50 and a 52-week high of $63.44.
In related news, Director David B. Blundin sold 24,241 shares of the stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $50.13, for a total value of $1,215,201.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jayme Mendal sold 9,279 shares of the stock in a transaction dated Tuesday, February 9th. The shares were sold at an average price of $50.90, for a total transaction of $472,301.10. Following the completion of the transaction, the chief executive officer now directly owns 197,610 shares of the company’s stock, valued at approximately $10,058,349. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,230 shares of company stock valued at $4,130,528. Company insiders own 45.70% of the company’s stock.
A number of research firms have recently weighed in on EVER. Needham & Company LLC reissued a “buy” rating and issued a $65.00 target price on shares of EverQuote in a research note on Tuesday, February 23rd. Oppenheimer boosted their target price on EverQuote from $55.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday. Raymond James lowered their target price on EverQuote from $58.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Zacks Investment Research upgraded EverQuote from a “sell” rating to a “hold” rating and set a $47.00 price target on the stock in a report on Tuesday, February 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. EverQuote has an average rating of “Buy” and an average target price of $55.13.
EverQuote Company Profile
EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home and renters, life, health, and commercial insurance. It 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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