EverQuote, Inc. (NASDAQ:EVER – Get Rating) – Investment analysts at William Blair reduced their Q2 2022 earnings per share estimates for shares of EverQuote in a report released on Tuesday, May 3rd. William Blair analyst R. Schackart now expects that the company will post earnings per share of ($0.48) for the quarter, down from their prior estimate of ($0.35). William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for EverQuote’s Q3 2022 earnings at ($0.46) EPS, Q4 2022 earnings at ($0.39) EPS, FY2022 earnings at ($1.52) EPS and FY2023 earnings at ($0.96) EPS.
Other research analysts have also issued research reports about the stock. B. Riley started coverage on shares of EverQuote in a research note on Monday, April 18th. They set a “buy” rating and a $20.00 price target on the stock. Needham & Company LLC decreased their price objective on shares of EverQuote from $19.00 to $16.00 in a report on Tuesday. Canaccord Genuity Group decreased their price objective on shares of EverQuote from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday. Raymond James downgraded shares of EverQuote from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, Oppenheimer decreased their price objective on shares of EverQuote from $20.00 to $15.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, EverQuote presently has an average rating of “Buy” and a consensus price target of $21.44.
EverQuote (NASDAQ:EVER – Get Rating) last announced 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 5.02% and a negative return on equity of 25.33%. The company had revenue of $102.07 million for the quarter, compared to analyst estimates of $96.31 million. During the same quarter in the prior year, the business posted ($0.13) EPS. EverQuote’s quarterly revenue was up 4.9% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its position in shares of EverQuote by 74.1% during the 3rd quarter. Barclays PLC now owns 31,241 shares of the company’s stock worth $582,000 after purchasing an additional 13,294 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of EverQuote during the 3rd quarter worth about $369,000. Jump Financial LLC increased its position in shares of EverQuote by 215.3% during the 3rd quarter. Jump Financial LLC now owns 29,600 shares of the company’s stock worth $551,000 after purchasing an additional 20,213 shares in the last quarter. Granahan Investment Management Inc. MA increased its position in shares of EverQuote by 38.0% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 1,131,777 shares of the company’s stock worth $21,085,000 after purchasing an additional 311,561 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of EverQuote during the 3rd quarter worth about $350,000.
In other EverQuote news, Director David B. Blundin acquired 1,004,016 shares of the company’s stock in a transaction dated Wednesday, February 23rd. The stock was bought at an average price of $14.94 per share, for a total transaction of $14,999,999.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tomas Revesz, Jr. sold 7,119 shares of the stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $15.29, for a total transaction of $108,849.51. Following the completion of the transaction, the insider now owns 460,409 shares of the company’s stock, valued at approximately $7,039,653.61. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,734 shares of company stock valued at $201,279. Insiders own 45.70% 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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