EverQuote (NASDAQ:EVER) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

EverQuote (NASDAQ:EVER) released its quarterly earnings data on Monday. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09, Briefing.com reports. The firm had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 15.01%. The company’s quarterly revenue was up 162.7% on a year-over-year basis. During the same period last year, the firm earned ($0.40) earnings per share. EverQuote updated its Q4 2024 guidance to EPS.

EverQuote Price Performance

EVER traded down $0.23 on Thursday, reaching $18.85. 134,567 shares of the stock were exchanged, compared to its average volume of 469,544. The company’s 50-day moving average price is $20.55 and its 200 day moving average price is $21.79. The firm has a market capitalization of $661.26 million, a PE ratio of 56.12 and a beta of 1.06. EverQuote has a fifty-two week low of $7.95 and a fifty-two week high of $28.09.

Insider Transactions at EverQuote

In other news, CFO Joseph Sanborn sold 4,800 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $21.54, for a total value of $103,392.00. Following the sale, the chief financial officer now owns 207,691 shares in the company, valued at $4,473,664.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other EverQuote news, CFO Joseph Sanborn sold 4,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total value of $103,392.00. Following the sale, the chief financial officer now owns 207,691 shares in the company, valued at approximately $4,473,664.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,270 shares of company stock worth $431,011 over the last three months. 29.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on EVER. JPMorgan Chase & Co. dropped their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday. B. Riley cut their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday. Craig Hallum increased their target price on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Needham & Company LLC raised their price objective on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $28.50.

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.