EverQuote (NASDAQ:EVER) Upgraded at Wall Street Zen

Key Points

• EverQuote has been upgraded from a "buy" rating to a "strong-buy" rating by Wall Street Zen, reflecting increasing analyst confidence in the stock.
• The company's latest earnings report showed a 33.7% year-over-year revenue increase, achieving an EPS of $0.39, beating analysts' expectations of $0.35.
• Over the last three months, insiders sold approximately 957,442 shares of EverQuote stock, signifying a potential shift in investor sentiment.

EverQuote (NASDAQ:EVER - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

Other research analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of EverQuote in a research report on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 price objective on shares of EverQuote in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $32.40.

EverQuote Price Performance

EverQuote stock opened at $20.58 on Friday. The firm's 50 day simple moving average is $23.49 and its 200-day simple moving average is $23.86. The company has a market cap of $751.38 million, a P/E ratio of 16.60 and a beta of 0.58. EverQuote has a fifty-two week low of $16.63 and a fifty-two week high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $157.19 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The firm's revenue was up 33.7% on a year-over-year basis. EverQuote has set its Q3 2025 guidance at EPS. On average, analysts expect that EverQuote will post 0.72 EPS for the current fiscal year.

Insider Transactions at EverQuote

In other EverQuote news, General Counsel Julia Brncic sold 1,436 shares of EverQuote stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $23.51, for a total value of $33,760.36. Following the completion of the sale, the general counsel directly owned 119,676 shares in the company, valued at $2,813,582.76. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $24.53, for a total transaction of $352,250.80. Following the completion of the sale, the chief executive officer owned 498,420 shares of the company's stock, valued at $12,226,242.60. This trade represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 957,442 shares of company stock valued at $22,365,435. Insiders own 25.52% of the company's stock.

Institutional Trading of EverQuote

A number of institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC lifted its stake in shares of EverQuote by 1.2% in the second quarter. Acadian Asset Management LLC now owns 866,481 shares of the company's stock worth $20,939,000 after buying an additional 10,233 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of EverQuote by 27.3% in the second quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company's stock worth $19,347,000 after buying an additional 171,787 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of EverQuote by 6.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 700,976 shares of the company's stock worth $16,950,000 after buying an additional 44,383 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of EverQuote by 95.1% in the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company's stock worth $15,853,000 after buying an additional 319,618 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of EverQuote by 3.8% in the second quarter. Geode Capital Management LLC now owns 650,471 shares of the company's stock worth $15,730,000 after buying an additional 23,582 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

About EverQuote

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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