Welcome to our dedicated page for Everquote news (Ticker: EVER), a resource for investors and traders seeking the latest updates and insights on Everquote stock.
EverQuote, Inc. (NASDAQ: EVER) is described in its public communications as an online marketplace for insurance shopping that connects consumers with insurance provider customers, including both carriers and agents. The company’s news flow reflects this role in the property and casualty insurance ecosystem and its focus on data, technology, and artificial intelligence.
On the EverQuote news page, readers can find press releases about quarterly financial results, where the company reports revenue by vertical, including automotive and home and renters insurance, and highlights metrics such as Variable Marketing Dollars (VMD), Adjusted EBITDA, net income, operating cash flow, and cash and cash equivalents. These earnings updates often include commentary on how EverQuote is embedding AI and machine learning into its marketplace and traffic and distribution systems, and how it views its progress toward becoming a growth partner for P&C insurance providers.
News items also cover capital structure and corporate finance developments. For example, EverQuote has announced an inaugural share repurchase program authorized by its board of directors and has disclosed a specific repurchase of shares from an affiliated shareholder. In addition, the company has reported entering into a senior secured revolving credit facility, as described in a Form 8-K filing, which provides a revolving line of credit secured by substantially all of its assets.
Investors and analysts following EVER news will also see announcements about upcoming and past investor conference presentations, where EverQuote’s management participates in one-on-one meetings and fireside chats. These events are typically accompanied by references to live audio webcasts and archived replays hosted in the company’s investor materials.
By reviewing the EverQuote news feed, readers can track the company’s reported financial performance, its use of AI and data in the insurance marketplace, its share repurchase activity and credit facility, and its ongoing engagement with the investment community through conferences and earnings calls.
EverQuote, a prominent online insurance marketplace, announced it will release its third quarter 2020 financial results on November 2, 2020, after market close. A conference call will follow at 4:30 p.m. ET to discuss these results, along with recent developments and business outlook. Investors can participate in the call via toll-free numbers or access the live webcast on the company's investor relations page. EverQuote aims to enhance the insurance shopping experience through data and technology, facilitating better protection for consumers' vital assets.
EverQuote, a leading online insurance marketplace, announced that Co-founder & CEO Seth Birnbaum will participate in a discussion hosted by JMP Securities analyst Ron Josey on September 8, 2020, at 11:00 am ET. This event is significant for investors and stakeholders, as it provides insights into the company's strategies and market outlook. The discussion will be accessible via a live audio webcast and will be archived for later viewing on EverQuote’s investor relations website.
EverQuote, Inc. (Nasdaq: EVER) has announced its acquisition of Crosspointe Insurance & Financial Services, a health insurance agency. This strategic move aims to enhance EverQuote's digital distribution platform for health insurance, capitalizing on a $130 billion market. The acquisition is expected to close by Q3 2020, with funding sourced from EverQuote's cash reserves. This partnership will bolster customer engagement and revenue diversification, aiming to improve the consumer experience in the health insurance sector.
EverQuote, Inc. (Nasdaq: EVER) has appointed Darryl Auguste to its Board of Directors, effective immediately. Auguste, an expert in analytics and online marketing, currently serves as EVP of Strategic Projects at EverQuote, leading high-value initiatives. He has a history of building consumer acquisition teams that drive over 10 million visits monthly. His appointment is expected to enhance EverQuote’s growth as it continues refining its online insurance marketplace, leveraging data analytics and a focus on diversity and inclusion.
EverQuote, a key online insurance marketplace, has announced its participation in several upcoming investor conferences. Management will host one-on-one meetings at the Oppenheimer Technology, Internet & Communications Conference on August 11, 2020, and at the Canaccord Global Growth Conference on August 13, 2020, which will include a virtual fireside chat at 11:00 a.m. ET. Further, they will present at the William Blair Insurance Tech Conference on the same day and at the Raymond James SMID Cap Conference on August 18, concluding with the Needham FinTech 1x1 Conference on August 19.
EverQuote, Inc. (Nasdaq: EVER) has appointed Thomas McDermott as Senior Vice President of Health & Medicare, effective July 21, 2020. McDermott brings over 20 years of experience from companies like Wayfair and McKinsey & Company. He is expected to drive growth in EverQuote's Health and Medicare sectors through innovative strategies. EverQuote operates a leading online insurance marketplace, connecting consumers with insurance providers, and aims to enhance consumer value through technology.
EverQuote, Inc. (Nasdaq: EVER) will report its second quarter 2020 financial results on August 4, 2020, after market close. The company will host a conference call and webcast at 4:30 p.m. ET to discuss the results and its business outlook. Interested parties can join the call via a toll-free number or through a webcast link provided in the press release. EverQuote operates a leading online insurance marketplace, connecting consumers with insurance providers, with a mission to empower insurance shoppers.
EverQuote, Inc. (Nasdaq: EVER) announces the appointment of Mike Connolly as Senior Vice President of Agency Sales and Customer Success. Connolly, a seasoned sales leader with experience at CarGurus, Experian, and Windstream, aims to enhance support for insurance agents as online shopping for insurance grows. COO Jayme Mendal emphasized Connolly's data-driven approach, which aligns with EverQuote's culture and objectives. The press release highlights the company's forward-looking plans, acknowledging the potential risks involved, including competition and market dynamics.
EverQuote announced a strong first quarter for 2020, reporting revenue of $81.4 million, a 56% increase year-over-year, and a variable marketing margin of $23.8 million, up 72%. The company raised its full-year guidance, anticipating revenue between $318.0 - $327.0 million. Adjusted EBITDA improved to $3.8 million from a prior loss, while quote requests surged 80%. Despite a net loss of $1.4 million, EverQuote remains confident in its growth trajectory, citing the shift to online insurance amid the COVID-19 pandemic.