EverQuote (NASDAQ:EVER) Given New $30.00 Price Target at Needham & Company LLC

EverQuote (NASDAQ:EVER) had its target price increased by equities researchers at Needham & Company LLC from $25.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 24.48% from the company’s current price.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. upped their price target on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised EverQuote from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Six 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

EverQuote Trading Down 4.4%

Shares of NASDAQ EVER opened at $24.10 on Tuesday. The company has a 50 day simple moving average of $22.78 and a two-hundred day simple moving average of $19.45. The stock has a market cap of $868.32 million, a price-to-earnings ratio of 8.20 and a beta of 0.62. EverQuote has a 12 month low of $13.88 and a 12 month high of $28.73.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm had revenue of $195.09 million for the quarter, compared to analyst estimates of $190.56 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. Analysts forecast that EverQuote will post 1.72 EPS for the current year.

Insider Buying and Selling at EverQuote

In other news, CTO David Brainard sold 4,960 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $25.51, for a total transaction of $126,529.60. Following the sale, the chief technology officer directly owned 165,336 shares in the company, valued at $4,217,721.36. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph Sanborn sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $20.70, for a total value of $414,000.00. Following the sale, the chief financial officer owned 337,660 shares in the company, valued at $6,989,562. This trade represents a 5.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 47,586 shares of company stock valued at $1,043,114. Corporate insiders own 23.68% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of hedge funds have recently bought and sold shares of EVER. Comerica Bank grew its holdings in EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after purchasing an additional 772 shares during the period. Signature Equity Partners LLC raised its stake in shares of EverQuote by 65.5% during the 1st 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. NewEdge Advisors LLC acquired a new position in shares of EverQuote during the 3rd quarter worth approximately $52,000. Clearstead Advisors LLC lifted its position in shares of EverQuote by 70.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after buying an additional 826 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of EverQuote by 271.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after buying an additional 2,381 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Key Stories Impacting EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote reported second-quarter revenue of $195.1 million, up 24.6% year over year and above the $190.6 million analyst consensus. Reported EPS was $0.53, narrowly ahead of the $0.52 estimate; an adjusted earnings measure cited by Zacks was $0.65 versus a $0.61 consensus, compared with $0.39 a year earlier. EverQuote Announces Second Quarter 2026 Financial Results
• Positive Sentiment: The results showed continued strong operating momentum, including 24.6% annual revenue growth, a 15.35% net margin and a 53.39% return on equity. Management’s earnings-call commentary and key performance metrics are likely to remain important for assessing whether growth can continue. EverQuote Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Analysts’ consensus price target is $24.17, broadly in line with the stock’s recent trading level. This suggests limited near-term upside based solely on current published targets, although the target may change after the earnings release. EverQuote Receives $24.17 Consensus Price Target
• Negative Sentiment: EverQuote guided for third-quarter revenue of $198 million to $208 million. While the midpoint implies sequential growth, it is only modestly above the $201.7 million consensus estimate and may have disappointed investors expecting a stronger outlook. The softer guidance likely explains why the stock has declined despite the second-quarter beats. EverQuote Q2 Earnings and Revenues Top Estimates

EverQuote Company Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.