Q2 2024 EPS Estimates for EverQuote, Inc. (NASDAQ:EVER) Boosted by B. Riley

EverQuote, Inc. (NASDAQ:EVER) – B. Riley upped their Q2 2024 EPS estimates for EverQuote in a research report issued on Tuesday, May 7th. B. Riley analyst Z. Cummins now anticipates that the company will post earnings of $0.05 per share for the quarter, up from their prior estimate of ($0.09). B. Riley has a “Buy” rating and a $29.50 price target on the stock. The consensus estimate for EverQuote’s current full-year earnings is ($0.36) per share. B. Riley also issued estimates for EverQuote’s Q3 2024 earnings at ($0.02) EPS, Q4 2024 earnings at ($0.06) EPS, FY2024 earnings at $0.02 EPS and FY2025 earnings at $0.17 EPS.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The firm had revenue of $91.07 million for the quarter, compared to analyst estimates of $80.36 million. During the same period in the prior year, the firm posted ($0.08) earnings per share. The company’s quarterly revenue was down 16.6% compared to the same quarter last year.

Several other equities analysts have also weighed in on EVER. Craig Hallum increased their price objective on shares of EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Canaccord Genuity Group increased their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC increased their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, EverQuote presently has an average rating of “Buy” and an average price target of $26.25.

EverQuote Trading Down 5.8 %

NASDAQ EVER opened at $23.82 on Thursday. The firm’s fifty day moving average price is $18.53 and its two-hundred day moving average price is $13.82. EverQuote has a 1 year low of $5.36 and a 1 year high of $25.69. The firm has a market capitalization of $815.36 million, a P/E ratio of -15.47 and a beta of 0.85.

Insiders Place Their Bets

In other EverQuote news, major shareholder Ventures Lllp Link sold 2,573 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total transaction of $52,695.04. Following the sale, the insider now directly owns 1,562,990 shares in the company, valued at $32,010,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Ventures Lllp Link sold 2,573 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total value of $52,695.04. Following the sale, the insider now directly owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David B. Blundin sold 23,362 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $21.88, for a total transaction of $511,160.56. Following the completion of the sale, the director now owns 511,696 shares in the company, valued at $11,195,908.48. The disclosure for this sale can be found here. Insiders have sold 524,065 shares of company stock worth $9,544,076 over the last ninety days. Corporate insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new position in EverQuote in the 4th quarter valued at approximately $40,000. First Horizon Advisors Inc. raised its holdings in EverQuote by 52.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock valued at $42,000 after buying an additional 1,981 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in EverQuote by 446.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after buying an additional 4,215 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in EverQuote in the 4th quarter valued at approximately $66,000. Finally, Gilbert & Cook Inc. bought a new position in EverQuote in the 3rd quarter valued at approximately $85,000. Institutional investors own 91.54% 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.