EverQuote (NASDAQ:EVER – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49, FiscalAI reports. The business had revenue of $218.08 million for the quarter, compared to analysts’ expectations of $203.23 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.
EverQuote Trading Up 3.2%
Shares of EVER stock traded up $0.76 during trading hours on Monday, hitting $24.27. 647,621 shares of the company were exchanged, compared to its average volume of 819,242. The firm has a fifty day simple moving average of $22.34 and a 200 day simple moving average of $20.53. EverQuote has a 52-week low of $13.88 and a 52-week high of $28.73. The stock has a market capitalization of $874.45 million, a price-to-earnings ratio of 7.88 and a beta of 0.82.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Weiss Ratings raised EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Needham & Company LLC raised their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Raymond James Financial reissued an “outperform” rating and set a $28.00 target price on shares of EverQuote in a report on Thursday, August 13th. JPMorgan Chase & Co. initiated coverage on shares of EverQuote in a research report on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price for the company. Finally, Zacks Research raised shares of EverQuote from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, EverQuote currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.
Check Out Our Latest Stock Analysis on EVER
Insider Transactions at EverQuote
In other EverQuote news, Director John Shields sold 3,126 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $26.39, for a total value of $82,495.14. Following the completion of the sale, the director owned 31,198 shares of the company’s stock, valued at $823,315.22. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph Sanborn sold 6,667 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $25.51, for a total value of $170,075.17. Following the completion of the sale, the chief financial officer owned 305,241 shares of the company’s stock, valued at $7,786,697.91. The trade was a 2.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 75,681 shares of company stock worth $1,730,822. Company insiders own 23.68% of the company’s stock.
EverQuote Company Profile
EverQuote, Inc operates an online marketplace that connects consumers seeking insurance with insurance providers and distribution partners. The company uses technology, data, and digital marketing to help consumers compare insurance options and obtain quotes.
Its platform has primarily focused on auto insurance, while also supporting other insurance categories, including home and renters insurance. EverQuote generates business by providing insurance carriers and agents with consumer referrals and opportunities to reach people who are actively shopping for coverage.
Founded in 2010 and headquartered in Cambridge, Massachusetts, EverQuote serves the United States insurance market.
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