Q3 2024 Earnings Estimate for EverQuote, Inc. Issued By Zacks Research (NASDAQ:EVER)

EverQuote, Inc. (NASDAQ:EVER) – Zacks Research raised their Q3 2024 earnings per share estimates for EverQuote in a report issued on Tuesday, October 8th. Zacks Research analyst T. De now anticipates that the company will earn $0.10 per share for the quarter, up from their previous forecast of $0.08. The consensus estimate for EverQuote’s current full-year earnings is $0.57 per share. Zacks Research also issued estimates for EverQuote’s Q4 2024 earnings at $0.07 EPS, FY2024 earnings at $0.38 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.69 EPS, Q2 2026 earnings at $0.35 EPS and FY2026 earnings at $0.87 EPS.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. The firm had revenue of $117.14 million during the quarter, compared to analyst estimates of $102.81 million. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The business’s revenue for the quarter was up 72.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.31) EPS.

A number of other analysts also recently weighed in on the company. Needham & Company LLC boosted their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Craig Hallum upped their price objective on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $29.58.

EverQuote Stock Performance

NASDAQ EVER opened at $19.65 on Thursday. The company has a market capitalization of $682.35 million, a P/E ratio of -13.94 and a beta of 1.04. EverQuote has a 52-week low of $6.64 and a 52-week high of $28.09. The company has a fifty day moving average of $22.08 and a 200-day moving average of $21.79.

Institutional Trading of EverQuote

Large investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its position in shares of EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares during the period. nVerses Capital LLC purchased a new stake in EverQuote in the second quarter worth about $35,000. CWM LLC boosted its position in EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after acquiring an additional 1,063 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of EverQuote during the 2nd quarter worth approximately $76,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of EverQuote in the 2nd quarter worth approximately $147,000. Institutional investors own 91.54% of the company’s stock.

Insider Transactions at EverQuote

In related news, CTO David Brainard sold 1,641 shares of the company’s stock in a transaction 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 completion of the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other EverQuote news, CTO David Brainard sold 1,641 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the transaction, the chief technology officer now owns 155,491 shares of the company’s stock, valued at $3,144,028.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David B. Blundin sold 3,255 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $26.81, for a total value of $87,266.55. Following the completion of the sale, the director now owns 264,273 shares of the company’s stock, valued at approximately $7,085,159.13. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 107,029 shares of company stock worth $2,786,003. Insiders own 29.79% of the company’s stock.

EverQuote Company Profile

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.