EverQuote (NASDAQ:EVER) Reaches New 1-Year High on Analyst Upgrade

EverQuote, Inc. (NASDAQ:EVER) hit a new 52-week high during mid-day trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $29.00 to $30.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. EverQuote traded as high as $29.50 and last traded at $29.4330, with a volume of 962 shares changing hands. The stock had previously closed at $29.11.

Several other research firms also recently weighed in on EVER. Citigroup reiterated a “buy” rating on shares of EverQuote in a research note on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating on shares of EverQuote in a research report on Tuesday. Needham & Company LLC increased their price objective on EverQuote from $30.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday. Raymond James Financial restated an “outperform” rating and issued a $28.00 price target on shares of EverQuote in a report on Thursday, August 13th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $35.00 target price (up from $34.00) on shares of EverQuote in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 2,626 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $19.90, for a total value of $52,257.40. Following the completion of the transaction, the chief technology officer owned 150,178 shares of the company’s stock, valued at $2,988,542.20. The trade was a 1.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mira Wilczek sold 9,500 shares of EverQuote stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $25.07, for a total transaction of $238,165.00. Following the completion of the transaction, the director owned 110,353 shares of the company’s stock, valued at $2,766,549.71. This represents a 7.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 75,681 shares of company stock worth $1,730,822. Insiders own 23.68% of the company’s stock.

Key Stories Impacting EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: Q3 revenue reached $218.1 million, up 25.4% year over year and ahead of the roughly $205.1 million analyst estimate. Earnings reports differed on the per-share result: one cited $0.49, in line with consensus, while another reported adjusted EPS of $0.72 versus a $0.67 estimate. EverQuote Q3 2026 earnings
• Positive Sentiment: Management forecast Q4 revenue of $213 million to $223 million, above the approximately $211.9 million consensus estimate, supporting expectations for continued growth. Q4 revenue outlook and AI investment
• Positive Sentiment: EverQuote authorized a $50 million buyback, which may support shareholder returns. Analysts also raised targets: B. Riley and Needham to $35, and JPMorgan to $30, while maintaining favorable ratings. B. Riley price target increase
• Negative Sentiment: Coverage flagged thinner margins and slower expected Q4 growth as EverQuote invests in agentic AI and new product channels. These costs could temper the benefit of its strong sales outlook. Q3 analysis of margins and growth

Hedge Funds Weigh In On EverQuote

Several institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in EverQuote by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after buying an additional 293,160 shares in the last quarter. Jacobs Asset Management LLC lifted its position in shares of EverQuote by 199.9% during the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after acquiring an additional 268,819 shares during the period. Renaissance Technologies LLC lifted its stake in shares of EverQuote by 28.9% in the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after purchasing an additional 211,360 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in EverQuote by 37.7% in the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock worth $10,728,000 after purchasing an additional 190,438 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in EverQuote in the 2nd quarter valued at about $2,889,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Price Performance

The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 9.47 and a beta of 0.82. The business has a fifty day moving average of $22.37 and a 200 day moving average of $20.54.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $218.08 million for the quarter, compared to analyst estimates of $205.12 million. EverQuote had a return on equity of 47.68% and a net margin of 14.23%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, analysts expect that EverQuote, Inc. will post 1.72 EPS for the current year.

About EverQuote

EverQuote, Inc operates an online marketplace that connects consumers seeking insurance with insurance providers and distribution partners. The company uses technology, data, and digital marketing to help consumers compare insurance options and obtain quotes.

Its platform has primarily focused on auto insurance, while also supporting other insurance categories, including home and renters insurance. EverQuote generates business by providing insurance carriers and agents with consumer referrals and opportunities to reach people who are actively shopping for coverage.

Founded in 2010 and headquartered in Cambridge, Massachusetts, EverQuote serves the United States insurance market.