EverQuote (NASDAQ:EVER) Issues Quarterly Earnings Results

Key Points

• EverQuote reported earnings of $0.39 per share for the latest quarter, exceeding analysts' expectations of $0.33 by $0.06. The company also updated its guidance for Q3 2025.
• The stock price increased by 6.9%, closing at $25.76, with a market capitalization of approximately $920.25 million.
• Insiders have recently sold a significant number of shares, including CFO Joseph Sanborn and CEO Jayme Mendal, indicating changes in ownership percentage amidst strong interest from institutional investors.

EverQuote (NASDAQ:EVER - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04, Zacks reports. EverQuote had a return on equity of 36.90% and a net margin of 7.57%. The business had revenue of $156.63 million during the quarter, compared to analyst estimates of $157.19 million. During the same period in the previous year, the company earned $0.17 EPS. The firm's revenue was up 33.7% on a year-over-year basis. EverQuote updated its Q3 2025 guidance to EPS.

EverQuote Stock Down 1.6%

NASDAQ EVER traded down $0.39 on Friday, reaching $23.76. The company had a trading volume of 166,154 shares, compared to its average volume of 546,653. The stock's 50 day moving average is $24.65 and its 200-day moving average is $23.88. The stock has a market cap of $848.53 million, a price-to-earnings ratio of 19.33 and a beta of 0.37. EverQuote has a 52 week low of $16.63 and a 52 week high of $30.03.

Analysts Set New Price Targets

Several brokerages have commented on EVER. JPMorgan Chase & Co. lifted their price target on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research report on Tuesday. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EverQuote presently has a consensus rating of "Buy" and an average target price of $32.40.

Insiders Place Their Bets

In other EverQuote news, CTO David Brainard sold 5,710 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $24.57, for a total value of $140,294.70. Following the completion of the sale, the chief technology officer directly owned 128,720 shares in the company, valued at $3,162,650.40. This represents a 4.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph Sanborn sold 1,063 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $24.13, for a total value of $25,650.19. Following the transaction, the chief financial officer owned 261,390 shares of the company's stock, valued at approximately $6,307,340.70. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,162 shares of company stock valued at $1,524,781 in the last ninety days. 29.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Amundi acquired a new stake in shares of EverQuote in the first quarter valued at approximately $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of EverQuote by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company's stock valued at $393,000 after buying an additional 624 shares during the last quarter. Royal Bank of Canada lifted its position in shares of EverQuote by 1,705.9% in the first quarter. Royal Bank of Canada now owns 65,428 shares of the company's stock valued at $1,713,000 after buying an additional 61,805 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of EverQuote by 615.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company's stock valued at $8,896,000 after buying an additional 292,172 shares during the last quarter. 91.54% of the stock is currently owned by 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.