EverQuote (NASDAQ:EVER) Sets New 12-Month Low - Here's What Happened

Key Points

• Shares of EverQuote hit a new 52-week low of $13.91 (last $14.10) on heavy volume despite the company reporting a strong quarter—EPS $1.54 vs. $0.35 expected and revenue $195.3M (+32.3% YoY) with a 14.34% net margin.
• Several analysts have cut price targets (Needham $40→$25, JPMorgan $32→$22), but the consensus remains a Moderate Buy with an average target of $23.83; the stock trades at a market cap of $521M and a P/E of 5.49.
• Insiders have recently sold shares (CEO and CAO sales noted), while institutional investors have been adding positions—institutions now own about 91.5% of the stock and insiders hold roughly 25.5%.

Shares of EverQuote, Inc. (NASDAQ:EVER - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $13.91 and last traded at $14.1030, with a volume of 453014 shares trading hands. The stock had previously closed at $14.42.

Analyst Ratings Changes

A number of analysts recently issued reports on EVER shares. Needham & Company LLC decreased their target price on shares of EverQuote from $40.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price target on EverQuote from $32.00 to $22.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of EverQuote in a research report on Thursday, January 22nd. Craig Hallum restated a "buy" rating and set a $20.00 target price on shares of EverQuote in a report on Tuesday, February 24th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $18.00 price objective on shares of EverQuote in a research report on Tuesday, February 17th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.83.

EverQuote Stock Up 0.4%

The firm has a market cap of $521.39 million, a P/E ratio of 5.49 and a beta of 0.62. The firm's 50-day moving average price is $15.85 and its 200 day moving average price is $20.79.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, February 23rd. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $1.19. The firm had revenue of $195.32 million during the quarter, compared to analyst estimates of $176.82 million. EverQuote had a net margin of 14.34% and a return on equity of 57.65%. EverQuote's revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. On average, equities analysts predict that EverQuote, Inc. will post 1.91 earnings per share for the current year.

Insider Buying and Selling at EverQuote

In other EverQuote news, CAO Jon Ayotte sold 1,730 shares of the business's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $15.56, for a total transaction of $26,918.80. Following the sale, the chief accounting officer directly owned 86,202 shares in the company, valued at approximately $1,341,303.12. The trade was a 1.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jayme Mendal sold 14,360 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $14.98, for a total value of $215,112.80. Following the sale, the chief executive officer directly owned 541,777 shares in the company, valued at approximately $8,115,819.46. The trade was a 2.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,095 shares of company stock valued at $272,489. Company insiders own 25.52% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC raised its holdings in shares of EverQuote by 81.7% in the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company's stock worth $24,333,000 after purchasing an additional 405,237 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of EverQuote by 110.7% in the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company's stock worth $15,720,000 after buying an additional 361,082 shares during the period. AQR Capital Management LLC raised its position in EverQuote by 95.1% during the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company's stock valued at $15,853,000 after buying an additional 319,618 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in EverQuote by 615.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company's stock worth $8,896,000 after acquiring an additional 292,172 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in EverQuote by 1,100.6% during the 4th quarter. SG Americas Securities LLC now owns 244,937 shares of the company's stock worth $6,613,000 after acquiring an additional 224,535 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Company Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company's core business centers on a quote-comparison engine for personal auto, home, and health insurance products.

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