Needham & Company LLC Raises EverQuote (NASDAQ:EVER) Price Target to $40.00

EverQuote (NASDAQ:EVER) had its price target upped by analysts at Needham & Company LLC from $38.00 to $40.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target would indicate a potential upside of 78.49% from the stock’s previous close.

Several other equities research analysts have also weighed in on EVER. Wall Street Zen lowered EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $32.80.

EverQuote Stock Performance

Shares of NASDAQ EVER opened at $22.41 on Tuesday. EverQuote has a 1 year low of $16.63 and a 1 year high of $30.03. The stock’s 50-day simple moving average is $22.40 and its 200-day simple moving average is $23.53. The firm has a market cap of $818.19 million, a price-to-earnings ratio of 18.07 and a beta of 0.53.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $173.94 million during the quarter, compared to the consensus estimate of $166.09 million. EverQuote had a net margin of 7.57% and a return on equity of 36.90%. The company’s revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. EverQuote has set its Q4 2025 guidance at EPS. As a group, research analysts predict that EverQuote will post 0.72 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $24.53, for a total value of $352,250.80. Following the completion of the transaction, the chief executive officer owned 498,420 shares in the company, valued at $12,226,242.60. This trade represents a 2.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Shields sold 2,000 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $20.78, for a total value of $41,560.00. Following the completion of the sale, the director directly owned 27,219 shares of the company’s stock, valued at approximately $565,610.82. This represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 958,113 shares of company stock worth $22,295,496 over the last three months. Company insiders own 25.52% of the company’s stock.

Institutional Investors Weigh In On EverQuote

A number of institutional investors have recently bought and sold shares of the business. AlphaQuest LLC boosted its position in EverQuote by 118.3% during the 3rd quarter. AlphaQuest LLC now owns 11,974 shares of the company’s stock worth $274,000 after acquiring an additional 6,489 shares during the period. Y Intercept Hong Kong Ltd boosted its position in EverQuote by 75.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 114,451 shares of the company’s stock valued at $2,617,000 after purchasing an additional 49,205 shares during the last quarter. Teacher Retirement System of Texas boosted its position in EverQuote by 27.7% during the third quarter. Teacher Retirement System of Texas now owns 69,346 shares of the company’s stock valued at $1,586,000 after purchasing an additional 15,028 shares during the last quarter. Strs Ohio boosted its position in EverQuote by 28.3% during the third quarter. Strs Ohio now owns 25,400 shares of the company’s stock valued at $581,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in EverQuote by 14.8% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 416,662 shares of the company’s stock valued at $9,529,000 after purchasing an additional 53,695 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.