EverQuote (NASDAQ:EVER) posted its quarterly earnings data on Sunday. The company reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13), MarketWatch Earnings reports. The company had revenue of $103.80 million during the quarter, compared to analyst estimates of $101.42 million. EverQuote had a negative net margin of 2.59% and a negative return on equity of 14.19%. EverQuote’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) earnings per share.
Shares of EVER stock traded down $1.06 on Tuesday, hitting $33.36. The stock had a trading volume of 664,554 shares, compared to its average volume of 262,373. The business has a 50 day moving average price of $35.96 and a 200 day moving average price of $39.31. The company has a market cap of $949.93 million, a PE ratio of -107.61 and a beta of 1.58. EverQuote has a one year low of $30.41 and a one year high of $63.44.
In related news, Director David B. Blundin sold 24,241 shares of EverQuote stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $50.13, for a total value of $1,215,201.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Nicholas Graham sold 545 shares of EverQuote stock in a transaction dated Tuesday, February 9th. The shares were sold at an average price of $48.54, for a total value of $26,454.30. Following the completion of the sale, the executive now owns 13,716 shares of the company’s stock, valued at $665,774.64. The disclosure for this sale can be found here. Insiders sold 86,230 shares of company stock valued at $4,130,528 over the last 90 days. 45.70% of the stock is currently owned by corporate insiders.
Several research firms have commented on EVER. Oppenheimer lifted their price objective on shares of EverQuote from $55.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday. Raymond James dropped their price objective on shares of EverQuote from $58.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $65.00 target price on shares of EverQuote in a research note on Tuesday, February 23rd. Finally, Zacks Investment Research raised shares of EverQuote from a “sell” rating to a “hold” rating and set a $47.00 target price for the company in a research note on Tuesday, February 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.13.
EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home and renters, life, health, and commercial insurance. It 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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