Everquote Stock Price, News & Analysis

EverQuote, Inc. (Nasdaq: EVER) has secured a $15 million private placement investment from Recognition Capital, led by Chairman David Blundin. This investment supports EverQuote's strategy to enhance growth in the online insurance marketplace. Under the agreement, 1,004,016 shares of Class A Common Stock will be purchased at $14.94 each, matching the closing price before the announcement. Proceeds will be utilized for working capital and corporate purposes. The securities sold are not registered under federal securities laws, indicating potential investment risks.

EverQuote, a prominent online insurance marketplace, announced participation in several upcoming investor conferences in February and March 2022. Key events include:

• Credit Suisse 23rd Annual Financial Services Forum on February 17-18, 2022, with a fireside chat at 3:30 p.m. ET in Miami, FL.
• JMP Technology Conference on March 7, 2022, at 5:30 p.m. ET in San Francisco, CA.
• Raymond James 43rd Annual Institutional Investors Conference on March 8, 2022, at 11:35 a.m. ET in Orlando, FL.

Live webcasts will be available on EverQuote's investor relations website.

EverQuote reported a 5% year-over-year revenue increase for Q4 2021, totaling $102.1 million. Revenue from non-auto insurance verticals surged 50%, with health DTCA revenue rising 281% to $14.5 million. Full-year revenue reached $418.5 million, marking a 21% growth. However, GAAP net loss widened to $19.4 million, and Adjusted EBITDA decreased to $14.6 million. For Q1 2022, the company projects revenue between $101-$103 million and full-year revenue guidance of $420-$430 million.

EverQuote, Inc. (Nasdaq: EVER) is set to release its fourth quarter and full year 2021 financial results on February 16, 2022, after the market closes. The company will also host a conference call at 4:30 p.m. ET to discuss these results, along with recent developments and future business outlook. EverQuote, a leading online insurance marketplace, aims to simplify insurance shopping by connecting consumers with providers, enhancing affordability, and personalizing policies.

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.