EverQuote (NASDAQ:EVER) Price Target Raised to $30.00

EverQuote (NASDAQ:EVER) had its target price raised by JPMorgan Chase & Co. from $29.00 to $30.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

EVER has been the topic of a number of other reports. Zacks Research upgraded EverQuote from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $28.00 price objective on shares of EverQuote in a report on Thursday, August 13th. Needham & Company LLC increased their target price on EverQuote from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday. B. Riley Financial reaffirmed a “buy” rating and set a $35.00 price target (up from $34.00) on shares of EverQuote in a research report on Tuesday. Finally, Citigroup reaffirmed a “buy” rating on shares of EverQuote in a report on Tuesday. Eight equities 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, EverQuote has a consensus rating of “Moderate Buy” and an average price target of $30.00.

EverQuote Trading Down 0.9%

Shares of EVER opened at $30.32 on Tuesday. EverQuote has a 12-month low of $13.88 and a 12-month high of $31.20. The stock has a market cap of $1.09 billion, a P/E ratio of 9.88 and a beta of 0.82. The company has a 50-day moving average of $22.53 and a two-hundred day moving average of $20.60.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. The business had revenue of $218.08 million for the quarter, compared to analyst estimates of $205.12 million. EverQuote had a return on equity of 46.01% 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 last year, the company earned $0.50 earnings per share. As a group, analysts forecast that EverQuote will post 1.72 EPS for the current fiscal year.

Insider Activity at EverQuote

In other news, CTO David Brainard sold 2,626 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $19.90, for a total transaction of $52,257.40. Following the completion of the sale, the chief technology officer owned 150,178 shares in the company, valued at approximately $2,988,542.20. This represents a 1.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mira Wilczek sold 9,500 shares of EverQuote stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $25.07, for a total transaction of $238,165.00. Following the completion of the transaction, the director directly owned 110,353 shares in the company, valued at approximately $2,766,549.71. This represents a 7.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 96,662 shares of company stock worth $2,231,849. Company insiders own 23.68% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp raised its holdings in shares of EverQuote by 187.0% in the 3rd quarter. Fifth Third Bancorp now owns 4,707 shares of the company’s stock valued at $94,000 after purchasing an additional 3,067 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of EverQuote in the 3rd quarter worth about $1,730,000. Allspring Global Investments Holdings LLC raised its position in shares of EverQuote by 31.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,869,798 shares of the company’s stock worth $37,359,000 after purchasing an additional 442,473 shares during the period. State of Wyoming raised its stake in shares of EverQuote by 101.9% in the third quarter. State of Wyoming now owns 24,907 shares of the company’s stock worth $500,000 after purchasing an additional 12,570 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its stake in shares of EverQuote by 300.8% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 6,316 shares of the company’s stock worth $127,000 after purchasing an additional 4,740 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Trending Headlines about EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote reported record third-quarter revenue of $218.1 million, up 25.4% year over year and ahead of estimates; earnings per share of $0.49 matched consensus. Coverage also highlighted a planned $50 million share buyback, which could support demand for the stock. EverQuote Q3 2026 earnings coverage
• Positive Sentiment: Analyst sentiment is favorable: B. Riley reaffirmed its Buy rating, while JPMorgan’s coverage points to potential appreciation. Recent analyst reports also include higher price targets and Buy or Overweight ratings. B. Riley rating JPMorgan price outlook
• Neutral Sentiment: Management plans to present at upcoming investor conferences and meet with investors. The announcement could provide an opportunity for updates but does not itself change the company’s outlook. Investor conference announcement
• Negative Sentiment: CEO Jayme Mendal sold 20,981 shares for about $501,000, reducing his direct stake by 3.69%. He still holds a substantial number of shares, but insider selling may weigh on sentiment. CEO stock sale report

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.