EverQuote, Inc. (NASDAQ:EVER – Free Report) – Equities research analysts at B. Riley dropped their Q3 2023 earnings per share estimates for shares of EverQuote in a research note issued on Tuesday, August 8th. B. Riley analyst D. Day now forecasts that the company will post earnings of ($0.98) per share for the quarter, down from their previous forecast of ($0.33). The consensus estimate for EverQuote’s current full-year earnings is ($0.91) per share. B. Riley also issued estimates for EverQuote’s Q4 2023 earnings at ($0.38) EPS, FY2023 earnings at ($1.75) EPS, FY2024 earnings at ($0.57) EPS, FY2025 earnings at ($0.26) EPS and FY2026 earnings at ($0.29) EPS.
EVER has been the subject of a number of other research reports. Needham & Company LLC reduced their price target on EverQuote from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday. Oppenheimer lowered EverQuote from an “outperform” rating to a “market perform” rating in a research report on Monday, April 17th.
EverQuote Stock Performance
Shares of EVER stock opened at $5.77 on Thursday. EverQuote has a 1 year low of $5.23 and a 1 year high of $18.86. The stock has a fifty day moving average of $7.15 and a two-hundred day moving average of $10.34. The firm has a market capitalization of $188.14 million, a PE ratio of -6.14 and a beta of 1.12.
EverQuote (NASDAQ:EVER – Get Free Report) last issued its quarterly earnings results on Monday, May 8th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.11. EverQuote had a negative return on equity of 25.41% and a negative net margin of 8.32%. The business had revenue of $109.22 million during the quarter, compared to the consensus estimate of $102.85 million.
Insider Transactions at EverQuote
In related news, CTO David Brainard sold 3,634 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $6.90, for a total transaction of $25,074.60. Following the transaction, the chief technology officer now directly owns 158,450 shares of the company’s stock, valued at $1,093,305. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other EverQuote news, CTO David Brainard sold 3,634 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $6.90, for a total value of $25,074.60. Following the transaction, the chief technology officer now owns 158,450 shares in the company, valued at $1,093,305. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jayme Mendal sold 12,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $6.58, for a total value of $78,960.00. Following the completion of the transaction, the chief executive officer now owns 340,534 shares in the company, valued at approximately $2,240,713.72. The disclosure for this sale can be found here. Insiders have sold 27,271 shares of company stock valued at $196,939 over the last three months. Company insiders own 38.46% of the company’s stock.
Institutional Trading of EverQuote
Hedge funds have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC bought a new stake in EverQuote during the 4th quarter valued at approximately $1,880,000. Emerald Mutual Fund Advisers Trust acquired a new position in EverQuote in the 4th quarter valued at approximately $1,792,000. Emerald Advisers LLC raised its holdings in EverQuote by 1,570.3% in the 1st quarter. Emerald Advisers LLC now owns 338,846 shares of the company’s stock valued at $4,710,000 after acquiring an additional 318,559 shares in the last quarter. HST Ventures LLC acquired a new position in EverQuote in the 4th quarter valued at approximately $499,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in EverQuote by 69.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,667 shares of the company’s stock valued at $172,000 after acquiring an additional 4,772 shares in the last quarter. Institutional investors own 87.75% 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, life, and health insurance. It also engages in online business activities. 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.
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