What is B. Riley’s Forecast for EverQuote FY2024 Earnings?

EverQuote, Inc. (NASDAQ:EVER) – Research analysts at B. Riley upped their FY2024 EPS estimates for EverQuote in a research note issued to investors on Monday, November 4th. B. Riley analyst Z. Cummins now anticipates that the company will post earnings of $0.75 per share for the year, up from their prior forecast of $0.70. B. Riley currently has a “Buy” rating and a $29.00 price target on the stock. The consensus estimate for EverQuote’s current full-year earnings is $0.57 per share. B. Riley also issued estimates for EverQuote’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.30 EPS and Q4 2025 earnings at $0.23 EPS.

A number of other research firms have also issued reports on EVER. Needham & Company LLC lifted their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Craig Hallum lifted their target price on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lowered their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $28.50.

EverQuote Stock Up 5.9 %

NASDAQ:EVER opened at $19.08 on Wednesday. The business’s 50-day moving average price is $20.55 and its 200 day moving average price is $21.79. The firm has a market cap of $669.33 million, a P/E ratio of -22.71 and a beta of 1.06. EverQuote has a 52-week low of $7.95 and a 52-week high of $28.09.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The business had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. During the same period in the previous year, the business earned ($0.40) earnings per share. The company’s revenue was up 162.7% on a year-over-year basis.

Insider Buying and Selling

In related news, CFO Joseph Sanborn sold 4,800 shares of EverQuote stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total value of $103,392.00. Following the transaction, the chief financial officer now owns 207,691 shares of the company’s stock, valued at approximately $4,473,664.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Joseph Sanborn sold 4,800 shares of EverQuote stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total value of $103,392.00. Following the transaction, the chief financial officer now owns 207,691 shares of the company’s stock, valued at approximately $4,473,664.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the sale, the director now owns 54,970 shares of the company’s stock, valued at $1,067,517.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,270 shares of company stock valued at $431,011. 29.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EverQuote

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in EverQuote by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after acquiring an additional 30,577 shares during the period. BNP Paribas Financial Markets boosted its position in EverQuote by 127.6% during the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after acquiring an additional 30,699 shares during the period. Russell Investments Group Ltd. boosted its position in EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after acquiring an additional 293,404 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in EverQuote during the 1st quarter worth about $2,167,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in EverQuote during the 2nd quarter worth about $782,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Company Profile

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.