Zacks Research Has Strong Estimate for EverQuote Q1 Earnings

EverQuote, Inc. (NASDAQ:EVER) – Analysts at Zacks Research upped their Q1 2027 earnings per share estimates for EverQuote in a note issued to investors on Tuesday, May 27th. Zacks Research analyst T. De now forecasts that the company will post earnings per share of $0.60 for the quarter, up from their previous forecast of $0.56. The consensus estimate for EverQuote’s current full-year earnings is $0.72 per share. Zacks Research also issued estimates for EverQuote’s FY2027 earnings at $1.94 EPS.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million.

Several other research firms also recently weighed in on EVER. Needham & Company LLC restated a “buy” rating and set a $38.00 target price on shares of EverQuote in a report on Tuesday, May 6th. JPMorgan Chase & Co. boosted their price objective on shares of EverQuote from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group decreased their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $32.50.

EverQuote Trading Down 0.6%

EVER stock opened at $23.26 on Thursday. The company has a market cap of $830.94 million, a price-to-earnings ratio of 68.41 and a beta of 0.45. EverQuote has a 12-month low of $16.63 and a 12-month high of $30.03. The firm has a 50 day moving average of $23.72 and a 200-day moving average of $21.83.

Insider Buying and Selling

In other EverQuote news, CEO Jayme Mendal sold 65,117 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $28.07, for a total transaction of $1,827,834.19. Following the completion of the transaction, the chief executive officer now directly owns 619,156 shares of the company’s stock, valued at approximately $17,379,708.92. This trade represents a 9.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of the sale, the insider now owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. This trade represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,039 shares of company stock worth $5,346,691 in the last three months. 29.79% of the stock is owned by insiders.

Hedge Funds Weigh In On EverQuote

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of EverQuote by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company’s stock worth $288,000 after acquiring an additional 608 shares during the last quarter. Corton Capital Inc. grew its position in EverQuote by 3.4% in the 4th quarter. Corton Capital Inc. now owns 21,592 shares of the company’s stock worth $432,000 after purchasing an additional 714 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of EverQuote by 4.8% during the 4th quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock worth $439,000 after purchasing an additional 1,012 shares in the last quarter. Rhumbline Advisers increased its holdings in EverQuote by 4.0% in the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after buying an additional 1,332 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in EverQuote by 2.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company’s stock worth $1,111,000 after purchasing an additional 1,500 shares in the last quarter. 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.