EverQuote, Inc. to Post Q2 2024 Earnings of $0.03 Per Share, William Blair Forecasts (NASDAQ:EVER)

EverQuote, Inc. (NASDAQ:EVER) – Equities research analysts at William Blair lifted their Q2 2024 earnings per share (EPS) estimates for shares of EverQuote in a report issued on Tuesday, May 7th. William Blair analyst R. Schackart now forecasts that the company will post earnings per share of $0.03 for the quarter, up from their prior forecast of ($0.15). The consensus estimate for EverQuote’s current full-year earnings is ($0.36) per share. William Blair also issued estimates for EverQuote’s Q3 2024 earnings at ($0.02) EPS, Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at $0.03 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.00 EPS and FY2025 earnings at $0.09 EPS.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The business had revenue of $91.07 million during the quarter, compared to analysts’ expectations of $80.36 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) earnings per share.

EVER has been the subject of several other research reports. Needham & Company LLC boosted their price target on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. B. Riley boosted their price target on EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a report on Tuesday. Craig Hallum boosted their price target on EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Finally, Canaccord Genuity Group increased their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $26.25.

EverQuote Trading Down 5.8 %

Shares of NASDAQ:EVER opened at $23.82 on Thursday. The stock has a fifty day simple moving average of $18.53 and a two-hundred day simple moving average of $13.82. The stock has a market capitalization of $815.36 million, a price-to-earnings ratio of -15.47 and a beta of 0.85. EverQuote has a 12-month low of $5.36 and a 12-month high of $25.69.

Institutional Investors Weigh In On EverQuote

Several institutional investors have recently modified their holdings of the stock. Earnest Partners LLC lifted its stake in shares of EverQuote by 44.2% in the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after purchasing an additional 592,262 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of EverQuote by 193.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock worth $5,183,000 after acquiring an additional 472,821 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of EverQuote by 9.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock worth $4,009,000 after acquiring an additional 45,813 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after acquiring an additional 293,404 shares during the last quarter. Finally, HST Ventures LLC lifted its stake in shares of EverQuote by 13.9% during the 4th quarter. HST Ventures LLC now owns 291,705 shares of the company’s stock worth $3,570,000 after acquiring an additional 35,624 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

Insider Activity at EverQuote

In related news, Director David B. Blundin sold 89,177 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the completion of the transaction, the director now directly owns 802,589 shares of the company’s stock, valued at $12,038,835. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Ventures Lllp Link sold 2,730 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $21.88, for a total value of $59,732.40. Following the completion of the sale, the insider now directly owns 1,553,430 shares of the company’s stock, valued at approximately $33,989,048.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Blundin sold 89,177 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $15.00, for a total value of $1,337,655.00. Following the completion of the sale, the director now directly owns 802,589 shares of the company’s stock, valued at $12,038,835. The disclosure for this sale can be found here. Over the last three months, insiders sold 524,065 shares of company stock valued at $9,544,076. Insiders own 29.79% of the company’s stock.

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.