Zacks: Brokerages Anticipate EverQuote, Inc. (NASDAQ:EVER) Will Announce Quarterly Sales of $110.40 Million

Brokerages expect EverQuote, Inc. (NASDAQ:EVER) to report $110.40 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for EverQuote’s earnings, with estimates ranging from $109.97 million to $110.83 million. EverQuote posted sales of $89.98 million during the same quarter last year, which suggests a positive year-over-year growth rate of 22.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 1st.

According to Zacks, analysts expect that EverQuote will report full year sales of $444.19 million for the current year, with estimates ranging from $442.95 million to $445.69 million. For the next fiscal year, analysts forecast that the business will report sales of $532.68 million, with estimates ranging from $523.56 million to $553.99 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow EverQuote.

EverQuote (NASDAQ:EVER) last posted its earnings results on Sunday, August 1st. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.03. The company had revenue of $105.10 million for the quarter, compared to analyst estimates of $102.36 million. EverQuote had a negative return on equity of 17.08% and a negative net margin of 3.19%. EverQuote’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share.

Several analysts have recently issued reports on EVER shares. Needham & Company LLC reduced their price objective on EverQuote from $65.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, August 3rd. Raymond James reduced their price objective on EverQuote from $50.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 3rd. JMP Securities reduced their target price on EverQuote from $64.00 to $45.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 3rd. Oppenheimer reduced their target price on EverQuote from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 3rd. Finally, JPMorgan Chase & Co. assumed coverage on EverQuote in a research report on Monday, July 26th. They set a “buy” rating and a $41.00 target price on the stock. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $40.50.

Shares of NASDAQ:EVER traded down $0.34 on Monday, hitting $19.77. The company had a trading volume of 222,360 shares, compared to its average volume of 280,587. EverQuote has a 52-week low of $18.35 and a 52-week high of $54.96. The business has a 50 day moving average of $22.63 and a 200 day moving average of $29.71. The company has a market cap of $574.83 million, a PE ratio of -43.93 and a beta of 1.29.

In other EverQuote news, insider Tomas Revesz, Jr. sold 10,273 shares of the stock in a transaction that occurred on Tuesday, June 29th. The stock was sold at an average price of $33.41, for a total transaction of $343,220.93. Following the transaction, the insider now owns 498,084 shares of the company’s stock, valued at approximately $16,640,986.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David B. Blundin bought 15,305 shares of EverQuote stock in a transaction on Thursday, September 2nd. The shares were purchased at an average cost of $19.46 per share, for a total transaction of $297,835.30. The disclosure for this purchase can be found here. In the last quarter, insiders sold 26,968 shares of company stock valued at $782,625. Insiders own 45.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Premier Fund Managers Ltd lifted its holdings in shares of EverQuote by 180.3% in the 1st quarter. Premier Fund Managers Ltd now owns 154,706 shares of the company’s stock worth $5,371,000 after purchasing an additional 99,506 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of EverQuote by 38.9% in the 1st quarter. Verition Fund Management LLC now owns 73,399 shares of the company’s stock worth $2,664,000 after purchasing an additional 20,544 shares during the last quarter. US Bancorp DE lifted its holdings in shares of EverQuote by 217.3% in the 2nd quarter. US Bancorp DE now owns 1,520 shares of the company’s stock worth $50,000 after purchasing an additional 1,041 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of EverQuote by 3.3% in the 1st quarter. Nuveen Asset Management LLC now owns 142,782 shares of the company’s stock worth $5,182,000 after purchasing an additional 4,583 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of EverQuote by 208.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 20,492 shares of the company’s stock worth $670,000 after purchasing an additional 13,852 shares during the last quarter. 57.27% of the stock is currently owned by institutional investors.

About EverQuote

EverQuote, Inc operates as an online insurance marketplace connecting consumers with insurance providers. It offers car, home and life insurance. The firm’s data and technology platform matches and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers.

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