EverQuote (NASDAQ:EVER) Sets New 1-Year High Following Analyst Upgrade

EverQuote, Inc. (NASDAQ:EVER) shares reached 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 traded. The stock had previously closed at $29.11.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group boosted their price target on shares of EverQuote from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Needham & Company LLC upped their target price on EverQuote from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Research upgraded shares of EverQuote from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of EverQuote in a report on Tuesday. Finally, B. Riley Financial reissued a “buy” rating and set a $35.00 price target (up from $34.00) on shares of EverQuote in a research note on Tuesday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Insider Transactions at EverQuote

In other EverQuote news, CEO Jayme Mendal sold 20,981 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $24.27, for a total value of $509,208.87. Following the sale, the chief executive officer owned 591,160 shares in the company, valued at approximately $14,347,453.20. The trade was a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Shields sold 3,126 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $26.39, for a total value of $82,495.14. Following the sale, the director owned 31,198 shares in the company, valued at approximately $823,315.22. This trade represents a 9.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 75,681 shares of company stock valued at $1,730,822. 23.68% of the stock is currently owned by company insiders.

EverQuote News Summary

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

Institutional Trading of EverQuote

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming increased its holdings in EverQuote by 101.9% during the 3rd quarter. State of Wyoming now owns 24,907 shares of the company’s stock valued at $500,000 after acquiring an additional 12,570 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in 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 buying an additional 4,740 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of EverQuote in the third quarter worth $266,000. Counterpoint Mutual Funds LLC acquired a new position in shares of EverQuote in the third quarter valued at approximately $529,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of EverQuote during the third quarter worth approximately $75,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

EverQuote Stock Up 1.4%

The firm’s 50-day simple moving average is $22.37 and its 200-day simple moving average is $20.54. The firm has a market capitalization of $1.06 billion, a P/E ratio of 9.47 and a beta of 0.82.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. EverQuote had a net margin of 14.23% and a return on equity of 47.68%. The business had revenue of $218.08 million for the quarter, compared to analysts’ expectations of $205.12 million. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, analysts expect that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

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.