Peeling Back The Layers: Exploring EverQuote Through Analyst Insights

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EverQuote EVER underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 1 0 0 0
Last 30D 1 0 0 0 0
1M Ago 1 0 0 0 0
2M Ago 0 0 0 0 0
3M Ago 2 1 0 0 0

In the assessment of 12-month price targets, analysts unveil insights for EverQuote, presenting an average target of $25.8, a high estimate of $30.00, and a low estimate of $24.00. This current average has increased by 45.35% from the previous average price target of $17.75.

Decoding Analyst Ratings: A Detailed Look

In examining recent analyst actions, we gain insights into how financial experts perceive EverQuote. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Mayank Tandon Needham Raises Buy $30.00 $25.00
Daniel Day B. Riley Securities Announces Buy $24.00 -
Cory Carpenter JP Morgan Raises Overweight $25.00 $13.00
Mayank Tandon Needham Raises Buy $25.00 $15.00
Daniel Day B. Riley Securities Raises Buy $25.00 $18.00

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to EverQuote. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of EverQuote compared to the broader market.
  • Price Targets: Analysts navigate through adjustments in price targets, providing estimates for EverQuote's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

For valuable insights into EverQuote's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on EverQuote analyst ratings.

If you are interested in following small-cap stock news and performance you can start by tracking it here.

Get to Know EverQuote Better

EverQuote Inc is engaged in the business activity of offering an online marketplace for insurance shopping. The online marketplace offers consumers to find relevant insurance quotes based on car insurance, home insurance, and life insurance. The platform of the company is driven by data science. The firm's data and technology platform match and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers. It derives a majority of revenue from Direct channels.

Breaking Down EverQuote's Financial Performance

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

Decline in Revenue: Over the 3 months period, EverQuote faced challenges, resulting in a decline of approximately -36.92% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -11.4%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): EverQuote's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -7.8% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): EverQuote's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -5.64% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: EverQuote's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.03.

Understanding the Relevance of Analyst Ratings

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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