Analysts Anticipate EverQuote, Inc. (NASDAQ:EVER) Will Post Quarterly Sales of $102.11 Million

Analysts expect EverQuote, Inc. (NASDAQ:EVER – Get Rating) to post sales of $102.11 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for EverQuote’s earnings, with the lowest sales estimate coming in at $101.67 million and the highest estimate coming in at $102.56 million. EverQuote reported sales of $103.82 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.6%. The business is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that EverQuote will report full-year sales of $426.86 million for the current financial year, with estimates ranging from $424.99 million to $428.02 million. For the next fiscal year, analysts expect that the business will report sales of $514.52 million, with estimates ranging from $501.10 million to $532.08 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for EverQuote.

EverQuote (NASDAQ:EVER – Get Rating) last issued its quarterly earnings results on Wednesday, February 16th. The company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.03. EverQuote had a negative net margin of 4.64% and a negative return on equity of 23.64%. The business had revenue of $102.07 million for the quarter, compared to analysts’ expectations of $96.31 million. During the same quarter last year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year.

A number of equities analysts have issued reports on EVER shares. JPMorgan Chase & Co. cut shares of EverQuote from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $17.00 to $13.00 in a report on Wednesday, December 15th. Needham & Company LLC raised their target price on shares of EverQuote from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, February 17th. Finally, Raymond James cut their target price on shares of EverQuote from $26.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, February 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, EverQuote presently has a consensus rating of “Buy” and an average target price of $22.71.

NASDAQ EVER traded down $0.36 during trading hours on Friday, reaching $15.71. The company’s stock had a trading volume of 148,542 shares, compared to its average volume of 298,511. The business has a 50-day simple moving average of $15.11 and a 200 day simple moving average of $15.40. EverQuote has a 52 week low of $11.73 and a 52 week high of $37.28. The stock has a market cap of $464.76 million, a PE ratio of -23.67 and a beta of 1.13.

In related news, Director David B. Blundin acquired 52,301 shares of the stock in a transaction that occurred on Monday, January 24th. The shares were acquired at an average price of $14.69 per share, for a total transaction of $768,301.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Blundin acquired 2,938 shares of the stock in a transaction that occurred on Friday, January 21st. The shares were bought at an average price of $14.90 per share, for a total transaction of $43,776.20. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 1,082,771 shares of company stock worth $16,164,582 and sold 14,102 shares worth $223,167. 37.22% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of EVER. Rubric Capital Management LP acquired a new position in shares of EverQuote during the fourth quarter valued at approximately $20,019,000. BlackRock Inc. grew its position in EverQuote by 26.2% in the third quarter. BlackRock Inc. now owns 1,601,354 shares of the company’s stock worth $29,833,000 after buying an additional 332,492 shares during the last quarter. Granahan Investment Management Inc. MA grew its position in EverQuote by 38.0% in the third quarter. Granahan Investment Management Inc. MA now owns 1,131,777 shares of the company’s stock worth $21,085,000 after buying an additional 311,561 shares during the last quarter. Two Sigma Investments LP grew its position in EverQuote by 449.5% in the third quarter. Two Sigma Investments LP now owns 335,170 shares of the company’s stock worth $6,244,000 after buying an additional 274,176 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in EverQuote in the third quarter worth approximately $4,990,000. Institutional investors and hedge funds own 48.23% of the company’s stock.

About EverQuote (Get Rating)

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, and health 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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