Needham & Company LLC Forecasts Strong Price Appreciation for EverQuote (NASDAQ:EVER) Stock

EverQuote (NASDAQ:EVER) had its target price hoisted by equities research analysts at Needham & Company LLC from $30.00 to $35.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC‘s price target indicates a potential upside of 44.21% from the stock’s previous close.

A number of other brokerages also recently weighed in on EVER. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th. Canaccord Genuity Group lifted their target price on shares of EverQuote from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings raised EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Citigroup restated a “buy” rating on shares of EverQuote in a research note on Tuesday. Finally, B. Riley Financial reaffirmed a “buy” rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.67.

EverQuote Price Performance

NASDAQ:EVER opened at $24.27 on Tuesday. The firm’s 50-day moving average price is $22.32 and its 200-day moving average price is $20.52. The company has a market capitalization of $874.45 million, a PE ratio of 7.88 and a beta of 0.68. EverQuote has a 1-year low of $13.88 and a 1-year high of $28.73.

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

Insider Transactions at EverQuote

In related news, CFO Joseph Sanborn sold 6,667 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $25.51, for a total value of $170,075.17. Following the transaction, the chief financial officer owned 305,241 shares in the company, valued at $7,786,697.91. The trade was a 2.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 2,626 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $19.90, for a total transaction of $52,257.40. Following the completion of the transaction, the chief technology officer owned 150,178 shares in the company, valued at approximately $2,988,542.20. The trade was a 1.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,681 shares of company stock worth $1,730,822 over the last quarter. Corporate insiders own 23.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signature Equity Partners LLC raised 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 worth $33,000 after purchasing an additional 842 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of EverQuote during the second quarter valued at $55,000. Allworth Financial LP boosted its position in shares of EverQuote by 63.7% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after buying an additional 997 shares during the last quarter. IFP Advisors Inc boosted its position in shares of EverQuote by 100.1% during the second quarter. IFP Advisors Inc now owns 3,219 shares of the company’s stock valued at $77,000 after buying an additional 1,610 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in EverQuote in the 3rd quarter worth about $75,000. Institutional investors own 91.54% of the company’s stock.

Key EverQuote News

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote reported third-quarter revenue of approximately $218.1 million, up 25.4% year over year and well above the roughly $203.2 million analyst consensus. Earnings also exceeded expectations on an adjusted basis, at $0.72 per share versus a $0.67 estimate; reported EPS of $0.49 matched the consensus estimate. EverQuote Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its broader outlook after the quarter, supported by strong demand for EverQuote’s property-and-casualty insurance customer-acquisition platform and continued sales momentum. The company’s 15.16% net margin and 50.29% return on equity also highlight solid profitability. EverQuote Announces Third Quarter 2026 Financial Results
• Neutral Sentiment: EverQuote guided to fourth-quarter revenue of approximately $213 million to $223 million. That range implies a sequential slowdown from the third quarter, but management is simultaneously investing in new agentic large-language-model channels that could expand its future distribution and customer-acquisition opportunities. EverQuote Outlines Q4 Revenue While Investing in Agentic LLM Channels
• Negative Sentiment: The AI expansion is bringing near-term costs and thinner margins, while the Q4 forecast signals slower growth. Investors may therefore focus on whether the new channels generate sufficient incremental volume and profitability to offset the initial investment. EverQuote Q3 Outlook and Agentic AI Investment

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.