Zacks Research Raises Earnings Estimates for EverQuote

EverQuote, Inc. (NASDAQ:EVER) – Equities research analysts at Zacks Research lifted their FY2026 earnings per share estimates for shares of EverQuote in a report issued on Monday, December 30th. Zacks Research analyst T. De now forecasts that the company will post earnings of $1.01 per share for the year, up from their previous estimate of $0.97. The consensus estimate for EverQuote’s current full-year earnings is $0.72 per share.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company’s revenue was up 162.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.40) EPS.

A number of other analysts also recently issued reports on EVER. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a report on Thursday, December 26th. JPMorgan Chase & Co. lowered their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, B. Riley reduced their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EverQuote presently has an average rating of “Buy” and a consensus price target of $32.17.

EverQuote Stock Performance

NASDAQ:EVER opened at $20.25 on Wednesday. The stock has a 50-day simple moving average of $18.61 and a 200 day simple moving average of $20.77. EverQuote has a 52-week low of $10.21 and a 52-week high of $28.09. The company has a market cap of $715.86 million, a PE ratio of 59.56 and a beta of 0.96.

Institutional Investors Weigh In On EverQuote

Hedge funds and other institutional investors have recently made changes to their positions in the business. nVerses Capital LLC raised its holdings in EverQuote by 41.2% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after acquiring an additional 700 shares in the last quarter. Quarry LP increased its position in shares of EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares during the period. Gladius Capital Management LP acquired a new position in EverQuote in the third quarter valued at about $26,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in EverQuote by 19.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock worth $177,000 after purchasing an additional 1,363 shares during the period. Finally, Quantbot Technologies LP grew its stake in EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO David Brainard sold 14,590 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total transaction of $254,449.60. Following the transaction, the chief technology officer now directly owns 137,291 shares of the company’s stock, valued at approximately $2,394,355.04. This trade represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,024 shares of company stock valued at $954,796. Company insiders own 29.79% of the company’s stock.

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.