EverQuote (NASDAQ:EVER) Shares Gap Up Following Analyst Upgrade

Shares of EverQuote, Inc. (NASDAQ:EVER) gapped up before the market opened on Tuesday after Needham & Company LLC raised their price target on the stock from $30.00 to $35.00. The stock had previously closed at $24.27, but opened at $26.89. Needham & Company LLC currently has a buy rating on the stock. EverQuote shares last traded at $26.3650, with a volume of 105,922 shares.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial reaffirmed an “outperform” rating and set a $28.00 price target on shares of EverQuote in a report on Thursday, August 13th. Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Weiss Ratings upgraded shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. B. Riley Financial reissued a “buy” rating and issued a $34.00 price objective (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Finally, Zacks Research upgraded shares of EverQuote from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, EverQuote presently has a consensus rating of “Moderate Buy” and an average target price of $29.67.

Insider Buying and Selling

In related news, CFO Joseph Sanborn sold 6,667 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $25.51, for a total value of $170,075.17. Following the completion of the sale, the chief financial officer directly owned 305,241 shares in the company, valued at $7,786,697.91. The trade was a 2.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jayme Mendal sold 20,981 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $24.27, for a total value of $509,208.87. Following the completion of the sale, the chief executive officer owned 591,160 shares of the company’s stock, valued at $14,347,453.20. This trade represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 75,681 shares of company stock valued at $1,730,822 in the last ninety days. 23.68% of the stock is currently owned by company insiders.

Key EverQuote News

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: Q3 revenue beat estimates: EverQuote reported revenue of approximately $218.1 million, up 25.4% year over year and above the $203.2 million consensus estimate. Adjusted earnings were reported at $0.72 per share versus a $0.67 consensus estimate, while the company’s reported EPS of $0.49 met the consensus figure. EverQuote Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Raised fourth-quarter outlook: EverQuote guided for Q4 2026 revenue of $213 million to $223 million, above the $211.9 million analyst consensus. The guidance indicates continued demand for its insurance marketing and growth solutions. EverQuote Outlines Q4 Revenue Guidance
• Positive Sentiment: Analyst support increased: B. Riley raised its price target to $35 and said it continues to view EverQuote’s risk/reward as attractive, reinforcing the bullish interpretation of the earnings update. B. Riley Raises EverQuote Price Target
• Positive Sentiment: Growth initiatives expanded: Management pointed to AI-driven growth, new product launches, and agentic large-language-model channels as ways to broaden EverQuote’s market opportunity. EverQuote Q3 Deep Dive
• Negative Sentiment: AI spending creates execution risk: Investment in agentic AI channels is expected to result in thinner margins and slower sequential growth in Q4, which could limit upside if the initiatives take longer to generate returns. EverQuote Q3 Earnings and AI Investment Analysis

Institutional Investors Weigh In On EverQuote

A number of institutional investors have recently modified their holdings of EVER. Signature Equity Partners LLC boosted its stake 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 valued at $33,000 after buying an additional 842 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in EverQuote during the second quarter worth approximately $55,000. Allworth Financial LP increased its stake in EverQuote by 63.7% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $61,000 after acquiring an additional 997 shares during the period. IFP Advisors Inc increased its stake in EverQuote by 100.1% during the 2nd quarter. IFP Advisors Inc now owns 3,219 shares of the company’s stock worth $77,000 after acquiring an additional 1,610 shares during the period. Finally, TD Waterhouse Canada Inc. bought a new position in EverQuote during the 3rd quarter worth $75,000. Institutional investors own 91.54% of the company’s stock.

EverQuote Stock Performance

The stock has a market capitalization of $990.54 million, a price-to-earnings ratio of 8.94 and a beta of 0.68. The company has a fifty day simple moving average of $22.32 and a two-hundred day simple moving average of $20.52.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. EverQuote had a return on equity of 50.29% and a net margin of 15.16%. The company had revenue of $218.08 million for the quarter, compared to analyst estimates of $203.23 million. During the same period in the prior year, the firm posted $0.50 EPS. EverQuote’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, equities analysts anticipate that EverQuote, Inc. will post 1.72 earnings per share for the current 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.