FY2024 EPS Estimates for EverQuote Boosted by William Blair

EverQuote, Inc. (NASDAQ:EVER) – Analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for EverQuote in a research note issued on Tuesday, November 5th. William Blair analyst R. Schackart now forecasts that the company will earn $0.79 per share for the year, up from their previous forecast of $0.70. The consensus estimate for EverQuote’s current full-year earnings is $0.57 per share. William Blair also issued estimates for EverQuote’s Q1 2025 earnings at $0.17 EPS and FY2026 earnings at $1.06 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 the consensus estimate of $0.22 by $0.09. The firm had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. EverQuote had a return on equity of 15.01% and a net margin of 3.31%. The business’s revenue was up 162.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) EPS.

A number of other research firms have also recently commented on EVER. Needham & Company LLC lifted their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Craig Hallum boosted their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. B. Riley cut their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $28.50.

EverQuote Stock Performance

Shares of EVER stock opened at $18.47 on Wednesday. The firm has a market cap of $647.93 million, a price-to-earnings ratio of 55.32 and a beta of 1.06. EverQuote has a 52 week low of $7.95 and a 52 week high of $28.09. The firm’s 50-day simple moving average is $20.47 and its two-hundred day simple moving average is $21.77.

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 3,164 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $22.02, for a total value of $69,671.28. Following the sale, the chief technology officer now directly owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CTO David Brainard sold 3,164 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total value of $69,671.28. Following the sale, the chief technology officer now owns 160,986 shares in the company, valued at approximately $3,544,911.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the transaction, the director now owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,270 shares of company stock valued at $431,011 in the last quarter. 29.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust grew its position in EverQuote by 572.1% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after acquiring an additional 429,084 shares during the last quarter. Emerald Advisers LLC grew its holdings in shares of EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after purchasing an additional 399,257 shares during the last quarter. Russell Investments Group Ltd. raised its position in EverQuote by 244,503.3% in the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after purchasing an additional 293,404 shares during the period. Renaissance Technologies LLC lifted its stake in EverQuote by 331.9% in the second quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after purchasing an additional 225,700 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in EverQuote by 206.9% during the first 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 during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.