Brokers Set Expectations for EverQuote, Inc.’s Q2 2024 Earnings (NASDAQ:EVER)

EverQuote, Inc. (NASDAQ:EVER) – Analysts at Zacks Research upped their Q2 2024 earnings per share (EPS) estimates for shares of EverQuote in a research report issued to clients and investors on Monday, May 20th. Zacks Research analyst T. De now expects that the company will post earnings per share of $0.00 for the quarter, up from their previous forecast 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 announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm had revenue of $91.07 million during the quarter, compared to analysts’ expectations of $80.36 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The company’s revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) EPS.

A number of other brokerages also recently weighed in on EVER. Needham & Company LLC lifted their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. boosted their price objective on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. B. Riley increased their price target on EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Craig Hallum lifted their price objective 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 increased their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $26.25.

EverQuote Price Performance

EverQuote stock opened at $23.73 on Wednesday. The stock’s 50 day moving average is $20.31 and its 200 day moving average is $15.11. EverQuote has a one year low of $5.36 and a one year high of $25.69. The firm has a market cap of $823.91 million, a P/E ratio of -16.83 and a beta of 0.85.

Insider Buying and Selling at EverQuote

In other news, major shareholder Ventures Lllp Link sold 5,947 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $17.11, for a total transaction of $101,753.17. Following the completion of the sale, the insider now directly owns 1,849,079 shares of the company’s stock, valued at $31,637,741.69. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Ventures Lllp Link sold 5,947 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $17.11, for a total value of $101,753.17. Following the completion of the sale, the insider now owns 1,849,079 shares in the company, valued at $31,637,741.69. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David B. Blundin sold 58,434 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $20.14, for a total transaction of $1,176,860.76. Following the transaction, the director now directly owns 535,058 shares in the company, valued at $10,776,068.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 424,041 shares of company stock valued at $8,089,238. Corporate insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

Hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. purchased a new stake in shares of EverQuote during the 1st quarter valued at $2,167,000. Acadian Asset Management LLC grew its holdings in EverQuote by 206.9% during the 1st quarter. Acadian Asset Management LLC now owns 318,144 shares of the company’s stock valued at $5,903,000 after buying an additional 214,486 shares in the last quarter. Vanguard Group Inc. increased its position in shares of EverQuote by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after buying an additional 30,577 shares during the period. First Eagle Investment Management LLC increased its holdings in EverQuote by 3.6% during the 1st quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock worth $9,876,000 after acquiring an additional 18,523 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new stake in EverQuote in the 1st quarter worth approximately $211,000. 91.54% of the stock is currently owned by institutional investors.

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.