EverQuote (NASDAQ:EVER) Shares Gap Up After Earnings Beat

Shares of EverQuote, Inc. (NASDAQ:EVER) gapped up before the market opened on Tuesday following a stronger than expected earnings report. The stock had previously closed at $22.41, but opened at $23.83. EverQuote shares last traded at $25.1170, with a volume of 338,385 shares traded.

The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. EverQuote had a return on equity of 36.90% and a net margin of 7.57%.The business had revenue of $173.94 million for the quarter, compared to analyst estimates of $166.09 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. EverQuote has set its Q4 2025 guidance at EPS.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday. Needham & Company LLC increased their price objective on EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday. Wall Street Zen downgraded EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, EverQuote currently has an average rating of “Buy” and an average price target of $32.80.

Insider Buying and Selling at EverQuote

In other news, General Counsel Julia Brncic sold 1,436 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $23.51, for a total transaction of $33,760.36. Following the completion of the transaction, the general counsel directly owned 119,676 shares in the company, valued at approximately $2,813,582.76. This represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $24.53, for a total value of $352,250.80. Following the transaction, the chief executive officer owned 498,420 shares of the company’s stock, valued at approximately $12,226,242.60. This represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 958,113 shares of company stock worth $22,295,496. Insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in EverQuote by 108.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after acquiring an additional 601 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in EverQuote by 25.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after acquiring an additional 573 shares during the period. Tower Research Capital LLC TRC boosted its holdings in EverQuote by 271.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after acquiring an additional 2,381 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of EverQuote by 28.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 4,682 shares of the company’s stock valued at $113,000 after buying an additional 1,044 shares during the period. Finally, AlphaQuest LLC boosted its stake in shares of EverQuote by 70.9% in the 2nd quarter. AlphaQuest LLC now owns 5,485 shares of the company’s stock valued at $133,000 after buying an additional 2,276 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

EverQuote Trading Up 11.9%

The firm has a 50 day moving average price of $22.40 and a 200-day moving average price of $23.53. The firm has a market cap of $915.38 million, a PE ratio of 20.23 and a beta of 0.53.

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.