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 top online insurance marketplace, announced CEO Jayme Mendal will engage in two fireside chats. CFO John Wagner and SVP Joseph Sanborn will also conduct 1X1 investor meetings at the upcoming 23rd Annual Needham Virtual Growth Conference.
Event Details:
- Canaccord Genuity Fireside Chat: December 21, 2020, at 2:00 p.m. ET
- Needham Conference: January 11, 2021, at 10:00 a.m. ET
Both events will be available via live audio webcast on EverQuote's investor relations website.
EverQuote, Inc. (Nasdaq: EVER) announces the unexpected passing of Co-Founder and CEO Seth Birnbaum. The company deeply mourns his loss, acknowledging his leadership and impact on its success. Following this, the Board of Directors appointed President Jayme Mendal as the new CEO. Mendal, who joined EverQuote in 2017 and previously served as Chief Operating Officer, will lead the company moving forward. EverQuote remains committed to its mission of connecting consumers with insurance providers and using technology to simplify insurance.
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EverQuote Announces Promotion of Jayme Mendal
EverQuote, Inc. (Nasdaq: EVER) has promoted Jayme Mendal to President, effective Nov. 10, 2020. CEO Seth Birnbaum highlighted Mendal's leadership over the past three years, emphasizing his contributions to the company’s growth strategy and team development. Mendal joined EverQuote in 2017, previously serving as Chief Operating Officer and Chief Revenue Officer. His extensive background includes roles at PowerAdvocate and Monitor Deloitte, along with an MBA from Harvard Business School, reinforcing his strategic direction at EverQuote.
EverQuote (Nasdaq: EVER) has announced the promotion of Nick Graham to Marketplace Chief Revenue Officer as of November 10, 2020. Over the past two years, Graham has proven to be a strong leader, enhancing revenue growth and reducing agent churn in the Agency business. In his new role, he will oversee all Agency and Enterprise distribution. Graham previously served as General Manager of EverQuote’s Agency business, joining the company in 2018 after working at Bain & Company. He holds degrees from MIT and Georgia Tech.
EverQuote, Inc. (Nasdaq: EVER) has announced the promotion of Jayme Mendal to President. CEO Seth Birnbaum praised Mendal's leadership over the past three years, highlighting his strategic direction in traffic, product, distribution, and innovation. Mendal, who joined EverQuote in 2017 as COO and CRO, has a background in finance and economics from Washington University and an MBA from Harvard Business School. EverQuote operates a leading online insurance marketplace, aiming to simplify and personalize insurance for consumers.
EverQuote, a leader in online insurance marketplaces, will participate in multiple investor conferences, featuring management-hosted presentations and one-on-one meetings.
The events include:
- RBC Global Technology Conference on November 17, 2020, at 10:40 a.m. ET.
- Raymond James Technology Investors Conference on December 7, 2020, at 5:00 p.m. ET.
- UBS Technology Conference on December 8, 2020, at 8:25 a.m. ET.
Live audio webcasts will be available on their investor relations website.
EverQuote reported a strong Q3 2020 with revenue increasing by 34% year-over-year to $90.0 million. Non-auto insurance revenue surged 55% to $15.2 million, marking significant growth across key verticals. The Variable Marketing Margin grew 41% to $29.4 million. Despite a GAAP net loss of $3.2 million, the company raised its full-year guidance for 2020, anticipating revenues of $340.0 - $342.0 million. The company successfully integrated with 72% of its carrier partners, enhancing customer experience.
EverQuote, Inc. (Nasdaq: EVER) announced the addition of Tom Gruber to its Advisory Board. Gruber, a co-founder of Siri, is recognized for his expertise in AI and machine learning. CEO Seth Birnbaum highlighted Gruber’s experience in building consumer-centric products, aligning well with EverQuote's data-focused approach.
Gruber expressed excitement about leveraging data to enhance consumer safety and financial security. His extensive background in technology and product design is expected to drive innovation within EverQuote's offerings.
EverQuote, Inc. (Nasdaq: EVER) announced the appointment of Greg O’Brien as Senior Vice President of Business Development on October 22, 2020. O’Brien, an experienced executive in insure-tech and digital marketing, aims to enhance EverQuote's growth initiatives. COO Jayme Mendal emphasized that O’Brien's expertise will provide critical market insights. His background includes leading Noodle and CollegeBound, and he holds degrees from Cornell University and NYU. EverQuote focuses on simplifying the insurance process while aiming for digital transformation in the industry.