FY2024 EPS Estimates for EverQuote Boosted by Zacks Research

EverQuote, Inc. (NASDAQ:EVER) – Equities research analysts at Zacks Research increased their FY2024 EPS estimates for shares of EverQuote in a report released on Monday, November 18th. Zacks Research analyst T. De now forecasts that the company will post earnings of $0.61 per share for the year, up from their previous estimate of $0.38. The consensus estimate for EverQuote’s current full-year earnings is $0.69 per share. Zacks Research also issued estimates for EverQuote’s Q2 2025 earnings at $0.16 EPS, Q1 2026 earnings at $0.24 EPS, Q2 2026 earnings at $0.30 EPS and Q3 2026 earnings at $0.19 EPS.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm’s quarterly revenue was up 162.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.40) earnings per share.

Other analysts have also issued research reports about the company. B. Riley cut their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Craig Hallum boosted their price target on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, EverQuote has a consensus rating of “Buy” and a consensus target price of $28.50.

EverQuote Stock Up 2.7 %

Shares of NASDAQ EVER opened at $19.36 on Thursday. The firm has a market cap of $684.38 million, a price-to-earnings ratio of 56.94 and a beta of 1.06. EverQuote has a 52-week low of $8.32 and a 52-week high of $28.09. The business’s 50 day moving average is $19.71 and its two-hundred day moving average is $21.70.

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in EverQuote by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after purchasing an additional 30,577 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in EverQuote during the first quarter worth about $2,167,000. Northwestern Mutual Wealth Management Co. purchased a new position in EverQuote during the second quarter worth about $782,000. Inspire Investing LLC purchased a new position in EverQuote during the second quarter worth about $842,000. Finally, Emerald Advisers LLC raised its holdings in EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after purchasing an additional 399,257 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EverQuote news, Director George R. Neble sold 2,500 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares in the company, valued at $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 1,641 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $3,144,028.02. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,716 shares of company stock worth $188,810. Corporate 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.