
EverBank Financial (EVER) Stock Forecast & Price Target
EverBank Financial (EVER) Analyst Ratings
Bulls say
EverQuote Inc. has shown robust financial performance, with a revenue increase of 2% quarter-over-quarter and an impressive 164.7% year-over-year growth, primarily driven by significant advancements in auto and home/renters insurance revenues. The company's strategic focus on enhancing carrier and agent engagement has resulted in a 40% quarter-over-quarter increase in enterprise carrier spending, aligning with the normalization of profitability levels among carriers, which is expected to further boost EverQuote’s digital marketing efforts. Additionally, EverQuote's strong financial position is underscored by a cash balance of $102 million and no debt, representing a 23% increase from the previous quarter, which provides a solid foundation for continued growth and operational investment.
Bears say
EverQuote Inc. faces a negative outlook primarily due to the projected stagnation or decline in auto insurance advertising spending in FY25, which could hinder the recovery of advertising budgets as carriers grapple with profitability issues. The company's guidance for reduced revenue growth and muted margin expansion in FY25 compared to FY24 further supports concerns about its financial performance, as evidenced by its adjusted EBITDA margin forecast of approximately 11.2%. Additionally, ongoing peer multiple compression, reflected in a reduction of the valuation multiple from a previous 20x to 16x, emphasizes the uncertainty surrounding the company's future earnings amid regulatory changes and competitive challenges in the insurance marketplace.
This aggregate rating is based on analysts' research of EverBank Financial and is not a guaranteed prediction by Public.com or investment advice.
EverBank Financial (EVER) Analyst Forecast & Price Prediction
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