EverQuote (NASDAQ:EVER) Releases Quarterly Earnings Results, Meets Estimates

Key Points

• EverQuote met earnings expectations, reporting quarterly EPS of $0.49, while revenue of $218.08 million exceeded analysts’ $203.23 million estimate. The company posted a 15.16% net margin and 50.29% return on equity.
• Shares rose to $24.27 during Monday trading, with the stock remaining below its 12-month high of $28.73. EverQuote has a market capitalization of approximately $874 million.
• Analysts maintain a “Moderate Buy” consensus, with six Buy ratings and two Holds and an average price target of $28.17. Company insiders have sold 75,681 shares worth approximately $1.73 million over the past 90 days.

EverQuote (NASDAQ:EVER - Get Free Report) announced its 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. EverQuote had a return on equity of 50.29% and a net margin of 15.16%. The company had revenue of $218.08 million for the quarter, compared to analysts' expectations of $203.23 million.

EverQuote Stock Performance

NASDAQ:EVER traded up $0.76 during trading on Monday, reaching $24.27. The company's stock had a trading volume of 646,720 shares, compared to its average volume of 819,242. EverQuote has a 12 month low of $13.88 and a 12 month high of $28.73. The firm has a market cap of $874.45 million, a price-to-earnings ratio of 7.88 and a beta of 0.82. The firm has a 50 day moving average of $22.34 and a 200-day moving average of $20.53.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of EverQuote from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Wall Street Zen lowered shares of EverQuote from a "buy" rating to a "hold" rating in a research report on Sunday, September 20th. Weiss Ratings upgraded shares of EverQuote from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. Needham & Company LLC upped their price objective on shares of EverQuote from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. assumed coverage on shares of EverQuote in a research report on Monday, August 24th. They issued an "overweight" rating and a $29.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, EverQuote has a consensus rating of "Moderate Buy" and an average target price of $28.17.

Insider Activity at EverQuote

In other news, Director George R. Neble sold 1,593 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $20.83, for a total transaction of $33,182.19. Following the completion of the sale, the director owned 56,547 shares in the company, valued at $1,177,874.01. This trade represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mira Wilczek sold 9,500 shares of EverQuote stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $25.07, for a total transaction of $238,165.00. Following the completion of the sale, the director directly owned 110,353 shares in the company, valued at $2,766,549.71. This trade represents a 7.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 75,681 shares of company stock worth $1,730,822. 23.68% of the stock is owned by company insiders.

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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