B. Riley's Positive Outlook on EverQuote's Q1 Earnings

On February 24th, 2025, analysts from B. Riley published a research report expressing optimism regarding EverQuote, Inc. (NASDAQ:EVER). They revised their earnings per share (EPS) estimates for the first quarter of 2025, raising their prediction from $0.14 to $0.34. B. Riley has provided a "Buy" rating for EverQuote's stock and set a price target of $29.00. The overall consensus for EverQuote's earnings for the entire year stands at $0.72 per share.

In addition to their Q1 outlook, B. Riley also forecasted Q2 2025 earnings at $0.32 EPS, with expected FY2025 earnings of $1.24 EPS and FY2026 earnings at $1.30 EPS.

In the prior earnings report, released on February 24th, EverQuote reported an EPS of $0.33 for the quarter, surpassing analysts' expectations of $0.15 by $0.18. The company achieved a return on equity of 13.94% and maintained a net margin of 3.31%. Revenue for the quarter was reported at $147.46 million, which was significantly higher than the analyst estimate of $133.83 million.

Market Reactions and Analysts’ Ratings

Various research analysts have recently released their ratings on EverQuote's stock. Needham & Company LLC raised its price target from $30.00 to $38.00 and maintained a "Buy" rating. Canaccord Genuity Group adjusted their target down from $35.00 to $30.00 but retained a "Buy" rating as well. Meanwhile, JPMorgan Chase & Co. updated their price target from $25.00 to $29.00, categorizing the stock as "Overweight". Additionally, Raymond James upgraded EverQuote from an "Outperform" rating to a "Strong-Buy" and set a target of $35.00. Currently, five analysts have rated the stock as a buy, while one has designated it as a strong buy. MarketBeat reports that EverQuote enjoys a consensus rating of "Buy" with an average price target of $32.33.

Stock Performance

The shares of EverQuote opened at $26.88 on the Thursday following the earnings report. The stock has traded within a 52-week range of $14.28 to $28.09. With a market capitalization of $950.23 million, EverQuote has a price-to-earnings ratio of 79.06 and a beta of 0.96. The firm has a 50-day moving average price of $20.44 and a 200-day moving average price of $20.21.

Insider Activity

In related news, the Chief Technology Officer, David Brainard, sold 14,590 shares on December 17th, 2024, at an average price of $17.44, amounting to $254,449.60. Following this transaction, he holds 137,291 shares valued at approximately $2,394,355.04, marking a decrease of 9.61% in his holdings. Director John L. Shields also sold 2,000 shares on January 27th, 2025, at an average price of $20.00, totaling $40,000. He now has 28,515 shares valued at around $570,300, representing a decrease of 6.55%. Over the past ninety days, insiders have sold a total of 71,453 shares worth $1,459,054, and corporate insiders own 29.79% of the company's stock.

Institutional Investors’ Engagement

Several hedge funds have made significant adjustments to their positions in EverQuote recently. Gladius Capital Management LP purchased a new stake in the third quarter valued at approximately $26,000. R Squared Ltd also acquired shares valued at around $34,000 in the fourth quarter. Quarry LP increased its holdings by 100.7% during the third quarter, currently owning 2,894 shares worth $61,000. Moreover, Quantbot Technologies LP raised its position by 115.1% during the same period, now holding 3,502 shares worth $74,000. KLP Kapitalforvaltning AS also bought a new stake worth about $90,000 in the fourth quarter. Overall, institutional investors hold approximately 91.54% of the company's stock.

About EverQuote

EverQuote, Inc. specializes in operating an online marketplace for insurance services in the United States. The company offers various insurance products, including auto, home, renters, and life insurance, and serves carriers, agents, and indirect distributors. The company changed its name to EverQuote, Inc. in November 2014, previously known as AdHarmonics, Inc.

B. Riley, EverQuote, Earnings