William Blair Has Pessimistic View of EverQuote Q4 Earnings

EverQuote, Inc. (NASDAQ:EVER) – William Blair lowered their Q4 2024 earnings per share estimates for shares of EverQuote in a research report issued on Tuesday, November 5th. William Blair analyst R. Schackart now forecasts that the company will earn $0.20 per share for the quarter, down from their prior estimate of $0.23. The consensus estimate for EverQuote’s current full-year earnings is $0.57 per share. William Blair also issued estimates for EverQuote’s Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.24 EPS and FY2025 earnings at $0.89 EPS.

A number of other equities analysts have also commented on EVER. B. Riley reduced their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday. Needham & Company LLC raised their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Craig Hallum lifted their price objective on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $28.50.

EverQuote Stock Performance

EVER opened at $18.47 on Thursday. The firm has a market cap of $647.93 million, a price-to-earnings ratio of 55.32 and a beta of 1.06. The firm’s 50-day simple moving average is $20.47 and its 200-day simple moving average is $21.77. EverQuote has a twelve month low of $7.95 and a twelve month high of $28.09.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results 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. The firm had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a return on equity of 15.01% and a net margin of 3.31%. The business’s revenue was up 162.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.40) earnings per share.

Institutional Investors Weigh In On EverQuote

Several institutional investors have recently modified their holdings of EVER. Driehaus Capital Management LLC boosted its position in shares of EverQuote by 9.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock worth $42,478,000 after purchasing an additional 169,333 shares during the last quarter. Vanguard Group Inc. boosted its holdings in EverQuote by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after buying an additional 30,577 shares during the last quarter. Emerald Advisers LLC grew its position in shares of EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after buying an additional 399,257 shares during the period. First Eagle Investment Management LLC increased its stake in shares of EverQuote by 3.6% in the 1st quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock valued at $9,876,000 after acquiring an additional 18,523 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of EverQuote by 62.6% in the 2nd quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock valued at $10,786,000 after acquiring an additional 199,187 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Activity

In related news, CFO Joseph Sanborn sold 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $21.54, for a total value of $103,392.00. Following the completion of the transaction, the chief financial officer now owns 207,691 shares in the company, valued at $4,473,664.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CTO David Brainard sold 3,164 shares of EverQuote stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total value of $69,671.28. Following the completion of the sale, the chief technology officer now directly owns 160,986 shares in the company, valued at $3,544,911.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph Sanborn sold 4,800 shares of the business’s 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 sale, the chief financial officer now directly owns 207,691 shares of the company’s stock, valued at $4,473,664.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,270 shares of company stock valued at $431,011 over the last three months. 29.79% of the stock is owned by insiders.

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.