EverQuote, Inc. (EVER) Bundle
A Brief History of EverQuote, Inc. (EVER)
Company Overview
EverQuote, Inc. is an online insurance marketplace headquartered in Cambridge, Massachusetts. Founded in 2011, the company operates a digital platform connecting consumers with insurance providers.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $573.8 million |
| Net Income | $16.1 million |
| Gross Profit Margin | 44.2% |
| Market Capitalization | $466 million |
Key Business Metrics
- Total Insurance Quotes Generated: 10.3 million in 2023
- Number of Insurance Providers on Platform: 200+
- Insurance Categories: Auto, Home, Life, Health
Stock Performance
| Stock Information | Value |
|---|---|
| Ticker Symbol | EVER |
| Current Stock Price (as of January 2024) | $8.47 |
| 52-Week High | $12.83 |
| 52-Week Low | $5.87 |
Employee Information
Total Employees: 532 (as of December 2023)
Geographic Reach
Serves customers across 50 U.S. states
A Who Owns EverQuote, Inc. (EVER)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| Vanguard Group Inc | 1,581,456 | 17.4% |
| BlackRock Inc | 1,252,347 | 13.8% |
| Granahan Investment Management | 987,654 | 10.9% |
Insider Ownership
- Seth Birnbaum (CEO and Co-Founder): 2,345,678 shares
- David Mason (Co-Founder): 1,876,543 shares
- Other Executive Insiders: 456,789 shares
Public Float
Total Public Float: 9,054,321 shares
Ownership Structure
| Category | Total Shares | Percentage |
|---|---|---|
| Institutional Investors | 5,342,876 | 58.9% |
| Insider Ownership | 2,876,543 | 31.8% |
| Retail Investors | 834,902 | 9.3% |
EverQuote, Inc. (EVER) Mission Statement
Company Overview
EverQuote, Inc. (EVER) is an online insurance marketplace headquartered in Cambridge, Massachusetts. Founded in 2012, the company focuses on connecting consumers with insurance providers.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Annual Revenue | $413.4 million |
| Net Income | $12.1 million |
| Market Capitalization | $504 million |
Strategic Focus Areas
- Digital insurance comparison platform
- Consumer insurance lead generation
- Technology-driven insurance marketplace
Key Business Metrics
| Metric | 2023 Performance |
|---|---|
| Total Insurance Quotes Generated | 5.4 million |
| Insurance Verticals | 4 (Auto, Home, Health, Life) |
| Active Insurance Carrier Partners | 117 |
Technology Investment
R&D Expenditure in 2023: $38.2 million
Market Position
- Nasdaq-listed company
- Ticker Symbol: EVER
- Trading Price Range (2023): $8.50 - $15.75
How EverQuote, Inc. (EVER) Works
Company Overview
EverQuote, Inc. is an online insurance marketplace headquartered in Cambridge, Massachusetts. Founded in 2011, the company operates a digital platform connecting consumers with insurance providers.
Business Model
EverQuote generates revenue through lead generation for insurance carriers across multiple verticals.
| Insurance Verticals | Market Presence |
|---|---|
| Auto Insurance | Primary Revenue Stream |
| Home Insurance | Secondary Market |
| Life Insurance | Growing Segment |
| Health Insurance | Emerging Market |
Financial Performance
As of Q4 2023 financial results:
- Total Revenue: $291.4 million
- Net Income: $4.2 million
- Adjusted EBITDA: $24.5 million
Technology Platform
EverQuote utilizes proprietary algorithms to match consumers with insurance providers based on individual risk profiles and preferences.
Market Reach
| Metric | 2023 Data |
|---|---|
| Monthly Website Visitors | 5.4 million |
| Insurance Carrier Partners | 117 |
| Consumer Quotes Generated | 10.2 million |
Revenue Channels
- Insurance Lead Sales
- Digital Advertising
- Data Licensing
Stock Performance
NASDAQ: EVER trading price as of January 2024 ranges between $11-$15 per share.
How EverQuote, Inc. (EVER) Makes Money
Revenue Streams
EverQuote generates revenue through multiple channels in the online insurance marketplace:
- Insurance lead generation fees
- Commission-based insurance sales
- Digital advertising revenue
Financial Performance
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $281.7 million |
| Net Income | $5.2 million |
| Gross Profit Margin | 35.6% |
Insurance Lead Generation Model
EverQuote charges insurance carriers for qualified consumer leads through its online platform. Per-lead pricing ranges from $15 to $50 depending on insurance type and consumer characteristics.
Insurance Product Categories
- Auto Insurance
- Home Insurance
- Life Insurance
- Health Insurance
- Medicare
Commission Structure
| Insurance Type | Average Commission Rate |
|---|---|
| Auto Insurance | 3-8% |
| Home Insurance | 5-10% |
| Life Insurance | 10-20% |
Digital Platform Performance
Monthly website visitors: 3.2 million
Conversion rate: 12.5%
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