EverQuote (NASDAQ:EVER) Posts Quarterly Earnings Results, Hits Expectations

EverQuote (NASDAQ:EVER) posted its earnings results on Sunday. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13), MarketWatch Earnings reports. EverQuote had a negative return on equity of 14.19% and a negative net margin of 2.59%. The company had revenue of $103.80 million during the quarter, compared to analysts’ expectations of $101.42 million. During the same quarter last year, the firm earned ($0.05) earnings per share. The firm’s quarterly revenue was up 27.5% compared to the same quarter last year.

Shares of EverQuote stock traded down $1.14 during trading hours on Tuesday, reaching $33.28. 39,252 shares of the company were exchanged, compared to its average volume of 257,528. The firm has a market cap of $947.65 million, a PE ratio of -106.16 and a beta of 1.58. EverQuote has a 1 year low of $31.50 and a 1 year high of $63.44. The stock’s fifty day moving average is $36.09 and its 200 day moving average is $39.34.

In related news, CEO Jayme Mendal sold 9,279 shares of EverQuote stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $50.90, for a total value of $472,301.10. Following the completion of the transaction, the chief executive officer now owns 197,610 shares in the company, valued at $10,058,349. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel David W. Mason sold 1,799 shares of the business’s stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $35.29, for a total transaction of $63,486.71. Following the transaction, the general counsel now owns 117,945 shares of the company’s stock, valued at approximately $4,162,279.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,230 shares of company stock valued at $4,130,528. 45.70% of the stock is currently owned by company insiders.

An institutional investor recently bought a new position in EverQuote stock. OLD Mission Capital LLC acquired a new position in shares of EverQuote, Inc. (NASDAQ:EVER) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,100 shares of the company’s stock, valued at approximately $236,000. 60.85% of the stock is owned by hedge funds and other institutional investors.

EVER has been the subject of a number of recent analyst reports. Zacks Investment Research raised EverQuote from a “sell” rating to a “hold” rating and set a $47.00 price objective for the company in a research report on Tuesday, February 23rd. Raymond James reduced their price target on shares of EverQuote from $58.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $65.00 price objective on shares of EverQuote in a report on Tuesday, February 23rd. Finally, Oppenheimer lifted their target price on shares of EverQuote from $55.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $55.13.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home and renters, life, health, and commercial insurance. It 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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Earnings History for EverQuote (NASDAQ:EVER)

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