EverQuote (NASDAQ:EVER) Price Target Raised to $35.00

EverQuote (NASDAQ:EVER) had its price objective boosted by Needham & Company LLC from $30.00 to $35.00 in a report published on Tuesday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

EVER has been the topic of several other research reports. B. Riley Financial reissued a “buy” rating and set a $34.00 target price (up from $30.00) on shares of EverQuote in a research note on Tuesday, August 4th. Canaccord Genuity Group upped their price target on EverQuote from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup restated a “buy” rating on shares of EverQuote in a research note on Tuesday. Zacks Research raised shares of EverQuote from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. began coverage on shares of EverQuote in a research report on Monday, August 24th. They set an “overweight” rating and a $29.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

EverQuote Stock Performance

EVER opened at $30.32 on Tuesday. EverQuote has a fifty-two week low of $13.88 and a fifty-two week high of $31.20. The firm’s fifty day moving average is $22.53 and its 200 day moving average is $20.60. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 9.88 and a beta of 0.82.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results 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 analysts’ expectations of $205.12 million. EverQuote had a return on equity of 46.01% and a net margin of 14.23%. The business’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. On average, equities research analysts predict that EverQuote will post 1.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director George Neble sold 1,593 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $20.83, for a total transaction of $33,182.19. Following the sale, the director directly owned 56,547 shares of the company’s stock, valued at $1,177,874.01. This represents a 2.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jayme Mendal sold 20,981 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $23.88, for a total value of $501,026.28. Following the sale, the chief executive officer directly owned 548,253 shares in the company, valued at $13,092,281.64. This trade represents a 3.69% decrease in their ownership of the stock. 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. Insiders own 23.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signature Equity Partners LLC raised its holdings in shares of EverQuote by 65.5% in the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after buying an additional 842 shares during the period. Integrated Wealth Concepts LLC purchased a new position in EverQuote during the 2nd quarter valued at $55,000. Allworth Financial LP boosted its holdings in EverQuote by 63.7% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after acquiring an additional 997 shares during the period. TD Waterhouse Canada Inc. bought a new position in EverQuote in the 3rd quarter valued at $75,000. Finally, IFP Advisors Inc grew its position in EverQuote by 100.1% in the 2nd quarter. IFP Advisors Inc now owns 3,219 shares of the company’s stock valued at $77,000 after acquiring an additional 1,610 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote News Summary

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

EverQuote Company Profile

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.