EverQuote (NASDAQ:EVER) Shares Gap Up on Earnings Beat

EverQuote, Inc. (NASDAQ:EVER) shares gapped up prior to trading on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $22.41, but opened at $23.83. EverQuote shares last traded at $25.1170, with a volume of 338,385 shares changing hands.

The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. EverQuote had a net margin of 8.36% and a return on equity of 39.65%. The firm had revenue of $173.94 million during the quarter, compared to analysts’ expectations of $166.09 million. During the same period in the previous year, the company earned $0.31 earnings per share. EverQuote’s quarterly revenue was up 20.3% compared to the same quarter last year. EverQuote has set its Q4 2025 guidance at EPS.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday. Wall Street Zen lowered shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $33.75.

Insider Buying and Selling at EverQuote

In other news, major shareholder Ventures Lllp Link sold 900,000 shares of the business’s stock in a transaction dated Sunday, August 10th. The shares were sold at an average price of $23.33, for a total transaction of $20,997,000.00. Following the transaction, the insider directly owned 2,598,154 shares in the company, valued at $60,614,932.82. The trade was a 25.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jayme Mendal sold 14,360 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $24.53, for a total transaction of $352,250.80. Following the sale, the chief executive officer directly owned 498,420 shares in the company, valued at approximately $12,226,242.60. This represents a 2.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 958,113 shares of company stock valued at $22,295,496. Insiders own 25.52% of the company’s stock.

Institutional Trading of EverQuote

Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its holdings in EverQuote by 108.9% during the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after buying an additional 601 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock valued at $62,000 after purchasing an additional 2,246 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of EverQuote by 25.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after purchasing an additional 573 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of EverQuote by 271.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after purchasing an additional 2,381 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of EverQuote by 28.7% in the second quarter. Asset Management One Co. Ltd. now owns 4,682 shares of the company’s stock valued at $113,000 after purchasing an additional 1,044 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Stock Up 8.3%

The company has a market cap of $886.46 million, a PE ratio of 16.98 and a beta of 0.53. The firm’s fifty day simple moving average is $22.41 and its 200-day simple moving average is $23.54.

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.