Zacks Research Has Strong Forecast for EverQuote Q1 Earnings

EverQuote, Inc. (NASDAQ:EVER) – Research analysts at Zacks Research lifted their Q1 2027 EPS estimates for shares of EverQuote in a report issued on Thursday, June 12th. Zacks Research analyst T. De now forecasts that the company will earn $0.65 per share for the quarter, up from their prior estimate of $0.60. 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 $2.00 EPS.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group dropped their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of EverQuote in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. raised their price objective on EverQuote from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $32.50.

EverQuote Stock Down 4.2%

Shares of EVER stock opened at $24.66 on Monday. The stock has a market cap of $880.95 million, a price-to-earnings ratio of 72.53 and a beta of 0.33. EverQuote has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm’s 50 day moving average price is $23.48 and its two-hundred day moving average price is $22.33.

Institutional Investors Weigh In On EverQuote

A number of hedge funds have recently bought and sold shares of EVER. Vanguard Group Inc. raised its position in shares of EverQuote by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock valued at $40,314,000 after purchasing an additional 24,347 shares in the last quarter. Acadian Asset Management LLC raised its holdings in EverQuote by 13.2% in the first quarter. Acadian Asset Management LLC now owns 856,248 shares of the company’s stock valued at $22,413,000 after acquiring an additional 99,743 shares in the last quarter. Toronado Partners LLC boosted its stake in EverQuote by 59.7% during the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock valued at $14,368,000 after acquiring an additional 268,670 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in EverQuote by 32.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock valued at $13,076,000 after acquiring an additional 161,426 shares during the last quarter. Finally, Divisadero Street Capital Management LP acquired a new position in EverQuote during the 4th quarter worth $12,311,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Transactions at EverQuote

In related news, major shareholder Ventures Lllp Link sold 1,022 shares of EverQuote stock in a transaction on Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $29,382.50. Following the sale, the insider now owns 3,498,667 shares of the company’s stock, valued at $100,586,676.25. The trade was a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO David Brainard sold 1,291 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $23.11, for a total transaction of $29,835.01. Following the completion of the transaction, the chief technology officer now directly owns 141,374 shares of the company’s stock, valued at approximately $3,267,153.14. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,330 shares of company stock valued at $5,376,526. Corporate insiders own 29.79% of the company’s stock.

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.