Everquote Stock Price, News & Analysis

EverQuote, a leading online insurance marketplace, will present at three upcoming investor conferences. The Wolfe Research Inaugural Insurance Forum is scheduled for December 2, 2021, at 9:30 a.m. ET. The Raymond James Technology Investors Conference will take place on December 8, 2021, at 10:30 a.m. ET, followed by the 24th Annual Needham Growth Conference on January 10, 2022, at 10:00 a.m. ET. All presentations will be available via live audio webcast and archived on EverQuote's investor relations website.

EverQuote, a top online insurance marketplace, will present and have one-on-one investor meetings at the RBC Technology, Internet, Media and Telecom Conference.

Event Details:
Date: Wednesday, November 17, 2021
Fireside Chat Time: 10:15 a.m. ET
The event will be available via live audio webcast and replay on EverQuote’s investor relations website.

EverQuote aims to simplify and personalize insurance, empowering consumers to protect their most vital assets.

EverQuote reported a 20% year-over-year increase in revenue for Q3 2021, totaling $107.6 million. The company successfully integrated the acquisition of PolicyFuel, enhancing its DTC Agency operations. However, the GAAP net loss increased to $5.3 million, compared to a loss of $3.2 million a year earlier. Adjusted EBITDA decreased to $2.7 million from $5.2 million. For Q4, EverQuote anticipates revenue between $93.5 - $98.5 million and adjusted EBITDA ranging from ($1.5) - $1.5 million.

EverQuote (Nasdaq: EVER) announced preliminary financial results for Q3 2021, estimating total revenue between $106.5 million and $107.5 million, below its previous guidance of $109 million to $111 million. The variable marketing margin is also expected to fall short, forecasted at $32 million to $32.5 million, compared to prior guidance of $33 million to $34 million. A GAAP net loss is anticipated between $6.0 million and $5.5 million, with adjusted EBITDA estimated at $2.0 million to $2.5 million, significantly lower than earlier guidance of $4.5 million to $5.5 million.

EverQuote, Inc. (Nasdaq: EVER) announced the completion of its acquisition of PolicyFuel, LLC, enhancing its insurance offerings in property and casualty markets. This acquisition aims to expand EverQuote's product range and improve consumer shopping experiences. PolicyFuel's model, which generates revenue based on sold policies, aligns with EverQuote's Direct-To-Consumer strategy and provides access to a $135 billion market. Additionally, EverQuote issued performance stock units and restricted stock units to newly hired employees as part of the acquisition's inducement grants.

EverQuote, a top online insurance marketplace, has announced management will participate in several upcoming investor conferences, showcasing its growth strategy. Notable events include:

• Oppenheimer 24th Annual Technology Conference on August 10, 2021, at 12:25 p.m. ET
• Canaccord Genuity 41st Annual Growth Conference on August 11, 2021, at 11:30 a.m. ET
• William Blair 4th Annual Insurance Technology Conference on August 12, 2021
• Credit Suisse 4th Annual FinTech Conference on August 12, 2021, at 1:00 p.m. ET
• Needham 3rd Annual Virtual FinTech Conference on August 18, 2021

Live sessions will be accessible via EverQuote’s investor relations site.

EverQuote reported a 34% increase in revenue year-over-year, reaching $105.1 million for Q2 2021, alongside a 40% rise in Variable Marketing Margin to $32.8 million. The company's GAAP net loss decreased to $1.9 million, while Adjusted EBITDA grew to $6.6 million. The acquisition of PolicyFuel expands EverQuote's strategy into the property and casualty sectors. The company forecasts Q3 2021 revenue of $109-$111 million and full-year revenue of $440-$446 million, with adjusted EBITDA expectations noted in the guidance.

EverQuote, Inc. (Nasdaq: EVER) has announced its agreement to acquire PolicyFuel, LLC for approximately $16 million in cash. This strategic acquisition aims to enhance EverQuote's product offerings in the property and casualty (P&C) insurance market, allowing access to a $135 billion commission market. PolicyFuel's expertise in policy-sales-as-a-service (PSaaS) will support EverQuote's growth strategy and improve consumer shopping experiences. The deal, expected to close by Q3 2021, includes potential additional stock consideration based on growth targets.

EverQuote, Inc. (Nasdaq: EVER) will report its second quarter 2021 financial results after the market closes on August 2, 2021. A conference call and webcast are scheduled for 4:30 p.m. ET to discuss the financial outcomes and business outlook. The event will be accessible via US/Canada toll-free call and international dial-in options. EverQuote connects consumers with insurance providers, aiming to simplify and personalize insurance shopping.