JPMorgan Chase & Co. Forecasts Strong Price Appreciation for EverQuote (NASDAQ:EVER) Stock

EverQuote (NASDAQ:EVER) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $29.00 to $30.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 5.78% from the stock’s current price.

EVER has been the subject of a number of other reports. Citigroup reissued a “buy” rating on shares of EverQuote in a report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EverQuote in a report on Tuesday. Canaccord Genuity Group increased their target price on shares of EverQuote from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC lifted their price target on shares of EverQuote from $30.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Zacks Research upgraded shares of EverQuote from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

EverQuote Price Performance

Shares of EVER traded up $4.09 during mid-day trading on Tuesday, reaching $28.36. The company had a trading volume of 656,817 shares, compared to its average volume of 818,250. The company has a market capitalization of $1.02 billion, a P/E ratio of 9.23 and a beta of 0.68. EverQuote has a twelve month low of $13.88 and a twelve month high of $29.16. The company’s 50-day moving average is $22.32 and its 200-day moving average is $20.52.

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

Insider Buying and Selling at EverQuote

In related 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 transaction of $509,208.87. Following the transaction, the chief executive officer directly owned 591,160 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mira Wilczek sold 9,500 shares of the company’s stock in a transaction 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 owned 110,353 shares in the company, valued at approximately $2,766,549.71. This represents a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 75,681 shares of company stock valued at $1,730,822 in the last three months. Corporate insiders own 23.68% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Large investors have recently added to or reduced their stakes in the stock. Signature Equity Partners LLC increased its position 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 purchasing an additional 842 shares during the period. Allworth Financial LP raised its stake in EverQuote by 63.7% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after purchasing an additional 997 shares in the last quarter. Sigma Planning Corp lifted its position in EverQuote by 11.9% during the first quarter. Sigma Planning Corp now owns 10,560 shares of the company’s stock worth $163,000 after purchasing an additional 1,125 shares during the period. Concurrent Investment Advisors LLC lifted its position in EverQuote by 4.4% during the second quarter. Concurrent Investment Advisors LLC now owns 28,299 shares of the company’s stock worth $673,000 after purchasing an additional 1,187 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in EverQuote by 3.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,732 shares of the company’s stock worth $898,000 after purchasing an additional 1,278 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Key Stories Impacting EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: Strong third-quarter performance: EverQuote reported revenue of $218.1 million, up 25.4% year over year and above the $203.2 million analyst consensus. Earnings were reported at $0.49 per share in the company’s results, in line with consensus; other coverage cited adjusted earnings of $0.72 per share versus an expected $0.67. EverQuote Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Above-consensus fourth-quarter outlook: Management guided for fourth-quarter revenue of $213 million to $223 million, ahead of the approximately $211.9 million consensus estimate. The outlook supports expectations for continued demand in EverQuote’s insurance marketplace and growth-solutions business. EverQuote outlines fourth-quarter revenue guidance
• Positive Sentiment: Analyst optimism increased: Needham raised its price target from $30 to $35 and assigned a “buy” rating. B. Riley also lifted its target to $35, citing an attractive risk/reward profile. The revisions indicate that analysts see additional upside following the earnings report. B. Riley raises EverQuote price target
• Neutral Sentiment: Expansion through AI: EverQuote is investing in agentic large-language-model channels and launching new products intended to expand its addressable market. These initiatives could support longer-term growth, but their near-term financial contribution remains uncertain. EverQuote Q3 deep dive
• Negative Sentiment: Investment may pressure margins: Coverage noted that the AI expansion is coming with thinner margins and slower expected fourth-quarter growth, creating execution and profitability risks despite the stronger outlook. EverQuote Q3 earnings analysis

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.