William Blair Issues Positive Outlook for EverQuote Earnings

Key Points

• William Blair has increased its FY2025 earnings per share estimate for EverQuote to $1.57, up from the previous estimate of $1.39, indicating strong growth expectations.
• EverQuote reported a 33.7% year-over-year revenue increase for the last quarter, reaching $156.63 million, alongside an earnings per share of $0.39 that surpassed consensus estimates.
• Institutional investors hold a significant stake in EverQuote, with 91.54% of its stock owned by hedge funds and institutional investors, reflecting strong market confidence.

EverQuote, Inc. (NASDAQ:EVER - Free Report) - Equities research analysts at William Blair lifted their FY2025 earnings per share estimates for shares of EverQuote in a research report issued on Monday, August 4th. William Blair analyst R. Schackart now anticipates that the company will post earnings per share of $1.57 for the year, up from their prior forecast of $1.39. The consensus estimate for EverQuote's current full-year earnings is $0.72 per share. William Blair also issued estimates for EverQuote's Q4 2025 earnings at $0.35 EPS.

A number of other analysts have also commented on EVER. Needham & Company LLC restated a "buy" rating and issued a $38.00 price target on shares of EverQuote in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, EverQuote currently has an average rating of "Buy" and an average target price of $32.40.

EverQuote Stock Performance

EVER opened at $25.02 on Thursday. EverQuote has a 52 week low of $16.63 and a 52 week high of $30.03. The firm has a market capitalization of $893.71 million, a PE ratio of 20.18 and a beta of 0.37. The company has a fifty day moving average price of $24.63 and a two-hundred day moving average price of $23.84.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results 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 39.38%. The firm had revenue of $156.63 million for the quarter, compared to analyst estimates of $157.19 million. During the same period in the previous year, the business earned $0.17 earnings per share. The company's revenue for the quarter was up 33.7% compared to the same quarter last year.

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in shares of EverQuote by 1,553.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 243,385 shares of the company's stock worth $6,464,000 after buying an additional 228,663 shares during the period. Concurrent Investment Advisors LLC bought a new stake in EverQuote in the 1st quarter worth about $244,000. GAMMA Investing LLC raised its holdings in shares of EverQuote by 3,600.0% during the first quarter. GAMMA Investing LLC now owns 8,695 shares of the company's stock valued at $228,000 after purchasing an additional 8,460 shares during the last quarter. Emerald Advisers LLC purchased a new stake in EverQuote in the first quarter worth approximately $11,621,000. Finally, Jump Financial LLC grew its position in EverQuote by 18.2% in the 4th quarter. Jump Financial LLC now owns 72,000 shares of the company's stock worth $1,439,000 after purchasing an additional 11,072 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insider Buying and Selling

In related news, CTO David Brainard sold 6,609 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $23.54, for a total transaction of $155,575.86. Following the transaction, the chief technology officer directly owned 142,665 shares of the company's stock, valued at approximately $3,358,334.10. This trade represents a 4.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John L. Shields sold 2,000 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $24.30, for a total transaction of $48,600.00. Following the completion of the sale, the director directly owned 31,219 shares of the company's stock, valued at $758,621.70. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,162 shares of company stock valued at $1,524,781 in the last 90 days. 29.79% of the stock is owned by company insiders.

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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