EverQuote (NASDAQ:EVER) Shares Down 5.2% - What's Next?

Key Points

• EverQuote's shares fell by 5.2%, trading down to $24.18 after closing at $25.50, with trading volume declining 64% from the average.
• Despite the recent drop, Needham & Company reiterated a "buy" rating with a price target of $38.00, while the average target price among analysts is $32.40.
• The company reported $0.39 EPS for the last quarter, beating estimates, though revenue of $156.63 million fell short of analyst expectations.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) was down 5.2% during mid-day trading on Monday . The company traded as low as $23.52 and last traded at $24.18. Approximately 193,811 shares traded hands during trading, a decline of 64% from the average daily volume of 535,237 shares. The stock had previously closed at $25.50.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a "buy" rating and issued a $38.00 price objective on shares of EverQuote in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $32.40.

EverQuote Stock Performance

The stock has a market capitalization of $910.89 million, a P/E ratio of 20.04 and a beta of 0.54. The firm's fifty day simple moving average is $24.13 and its 200 day simple moving average is $24.26.

EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The firm had revenue of $156.63 million for the quarter, compared to analyst estimates of $157.19 million. During the same period last year, the firm earned $0.17 EPS. The business's quarterly revenue was up 33.7% compared to the same quarter last year. EverQuote has set its Q3 2025 guidance at EPS. Analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Activity at EverQuote

In other EverQuote news, General Counsel Julia Brncic sold 1,436 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $23.51, for a total transaction of $33,760.36. Following the sale, the general counsel directly owned 119,676 shares of the company's stock, valued at $2,813,582.76. The trade was a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 Wednesday, August 20th. The stock was sold at an average price of $22.86, for a total transaction of $328,269.60. Following the sale, the chief executive officer directly owned 512,780 shares in the company, valued at $11,722,150.80. The trade was a 2.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 944,890 shares of company stock worth $22,072,997 in the last ninety days. Insiders own 25.52% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its position in shares of EverQuote by 25.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company's stock worth $68,000 after purchasing an additional 573 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of EverQuote by 271.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company's stock worth $79,000 after purchasing an additional 2,381 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of EverQuote by 28.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 4,682 shares of the company's stock worth $113,000 after purchasing an additional 1,044 shares during the period. AlphaQuest LLC lifted its position in shares of EverQuote by 70.9% during the 2nd quarter. AlphaQuest LLC now owns 5,485 shares of the company's stock valued at $133,000 after acquiring an additional 2,276 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of EverQuote during the 1st quarter valued at $157,000. Institutional investors and hedge funds own 91.54% of the company's stock.

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.

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