Q1 2023 Earnings Estimate for EverQuote, Inc. (NASDAQ:EVER) Issued By Oppenheimer

EverQuote, Inc. (NASDAQ:EVER – Get Rating) – Oppenheimer issued their Q1 2023 EPS estimates for shares of EverQuote in a report released on Wednesday, January 18th. Oppenheimer analyst J. Kelly expects that the company will post earnings of ($0.23) per share for the quarter. Oppenheimer has a “Outperform” rating and a $22.00 price objective on the stock. The consensus estimate for EverQuote’s current full-year earnings is ($0.78) per share. Oppenheimer also issued estimates for EverQuote’s Q2 2023 earnings at ($0.19) EPS, Q3 2023 earnings at ($0.16) EPS, Q4 2023 earnings at ($0.14) EPS and FY2023 earnings at ($0.72) EPS.

EverQuote (NASDAQ:EVER – Get Rating) last posted its earnings results on Tuesday, November 1st. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.21. The firm had revenue of $103.22 million during the quarter, compared to analyst estimates of $93.28 million. EverQuote had a negative net margin of 5.84% and a negative return on equity of 24.34%.

EVER has been the subject of a number of other reports. Needham & Company LLC upped their price target on shares of EverQuote from $8.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 18th. JPMorgan Chase & Co. raised shares of EverQuote from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $8.00 to $15.00 in a research note on Tuesday, December 20th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, EverQuote has a consensus rating of “Moderate Buy” and an average target price of $18.00.

EverQuote Stock Down 1.7 %

EverQuote stock opened at $16.01 on Monday. The firm has a 50-day moving average price of $13.27 and a two-hundred day moving average price of $10.18. The firm has a market capitalization of $514.80 million, a price-to-earnings ratio of -20.03 and a beta of 1.22. EverQuote has a 52-week low of $5.23 and a 52-week high of $18.86.

Institutional Investors Weigh In On EverQuote

A number of large investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in shares of EverQuote by 4.1% during the third quarter. California State Teachers Retirement System now owns 24,019 shares of the company’s stock valued at $164,000 after acquiring an additional 936 shares during the period. Credit Suisse AG raised its holdings in shares of EverQuote by 7.8% during the second quarter. Credit Suisse AG now owns 13,366 shares of the company’s stock valued at $119,000 after acquiring an additional 968 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of EverQuote by 2.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 52,693 shares of the company’s stock valued at $853,000 after acquiring an additional 1,253 shares during the period. Boothbay Fund Management LLC raised its holdings in shares of EverQuote by 21.0% during the third quarter. Boothbay Fund Management LLC now owns 13,653 shares of the company’s stock valued at $93,000 after acquiring an additional 2,370 shares during the period. Finally, Advisor Group Holdings Inc. raised its holdings in shares of EverQuote by 398.7% during the first quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock valued at $48,000 after acquiring an additional 2,392 shares during the period. Institutional investors and hedge funds own 51.76% of the company’s stock.

Insider Activity at EverQuote

In related news, CFO John Brandon Wagner sold 12,500 shares of the stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $17.50, for a total transaction of $218,750.00. Following the completion of the sale, the chief financial officer now directly owns 278,324 shares of the company’s stock, valued at $4,870,670. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CTO David Brainard sold 3,605 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $10.58, for a total transaction of $38,140.90. Following the completion of the sale, the chief technology officer now directly owns 160,737 shares of the company’s stock, valued at $1,700,597.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John Brandon Wagner sold 12,500 shares of the stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $17.50, for a total transaction of $218,750.00. Following the sale, the chief financial officer now directly owns 278,324 shares of the company’s stock, valued at $4,870,670. The disclosure for this sale can be found here. Insiders sold a total of 92,524 shares of company stock valued at $1,230,182 over the last ninety days. Insiders own 41.26% of the company’s stock.

EverQuote Company Profile

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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.