Zacks Research Decreases Earnings Estimates for EverQuote
by Scott Moore · The Cerbat GemEverQuote, Inc. (NASDAQ:EVER – Free Report) – Research analysts at Zacks Research reduced their FY2026 earnings estimates for EverQuote in a research note issued to investors on Thursday, April 9th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $1.86 for the year, down from their prior forecast of $1.89. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EverQuote’s current full-year earnings is $0.72 per share. Zacks Research also issued estimates for EverQuote’s FY2027 earnings at $2.22 EPS.
A number of other equities analysts have also commented on the company. JPMorgan Chase & Co. cut their price target on EverQuote from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Needham & Company LLC decreased their price objective on EverQuote from $40.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a report on Thursday, January 22nd. Craig Hallum restated a “buy” rating and issued a $20.00 target price on shares of EverQuote in a research note on Tuesday, February 24th. Finally, Canaccord Genuity Group reduced their target price on EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.
Read Our Latest Report on EverQuote
EverQuote Trading Up 2.3%
EverQuote stock opened at $15.88 on Monday. The firm has a 50 day simple moving average of $15.81 and a 200 day simple moving average of $21.30. EverQuote has a 1-year low of $13.93 and a 1-year high of $28.73. The firm has a market capitalization of $572.16 million, a price-to-earnings ratio of 6.02 and a beta of 0.62.
EverQuote (NASDAQ:EVER – Get Free Report) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $1.19. The company had revenue of $195.32 million for the quarter, compared to analyst estimates of $176.82 million. EverQuote had a net margin of 14.34% and a return on equity of 57.65%. The company’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share.
Hedge Funds Weigh In On EverQuote
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC raised its holdings in shares of EverQuote by 81.7% in the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock valued at $24,333,000 after acquiring an additional 405,237 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of EverQuote by 110.7% during the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock worth $15,720,000 after purchasing an additional 361,082 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of EverQuote by 95.1% during the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after purchasing an additional 319,618 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of EverQuote by 615.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after purchasing an additional 292,172 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of EverQuote by 1,100.6% in the fourth quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock worth $6,613,000 after purchasing an additional 224,535 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at EverQuote
In related news, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $14.98, for a total value of $215,112.80. Following the sale, the chief executive officer owned 541,777 shares in the company, valued at approximately $8,115,819.46. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jon Ayotte sold 1,730 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $15.56, for a total value of $26,918.80. Following the completion of the sale, the chief accounting officer owned 86,202 shares in the company, valued at $1,341,303.12. This trade represents a 1.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 32,455 shares of company stock valued at $619,283. Insiders own 25.52% of the company’s stock.
EverQuote Company Profile
EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.
The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.