EverQuote’s (EVER) Buy Rating Reiterated at B. Riley Financial

B. Riley Financial reissued their buy rating on shares of EverQuote (NASDAQ:EVER) in a research note published on Tuesday,Benzinga reports. The brokerage currently has a $35.00 price objective on the stock, up from their prior price objective of $34.00.

EVER has been the topic of several other research reports. Raymond James Financial restated an “outperform” rating and set a $28.00 target price on shares of EverQuote in a research report on Thursday, August 13th. Zacks Research upgraded EverQuote from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Weiss Ratings upgraded EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Cantor Fitzgerald reissued an “overweight” rating on shares of EverQuote in a report on Tuesday. Finally, JPMorgan Chase & Co. started coverage on EverQuote in a research note on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

EverQuote Stock Performance

Shares of EVER opened at $30.32 on Tuesday. EverQuote has a fifty-two week low of $13.88 and a fifty-two week high of $31.20. The business has a 50-day moving average of $22.53 and a 200 day moving average of $20.60. The firm has a market cap of $1.09 billion, a P/E ratio of 9.88 and a beta of 0.82.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 2nd. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $218.08 million during the quarter, compared to analyst estimates of $205.12 million. EverQuote had a net margin of 14.23% and a return on equity of 46.01%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share. As a group, research analysts predict that EverQuote will post 1.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EverQuote news, CTO David Brainard sold 2,626 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $19.90, for a total value of $52,257.40. Following the completion of the transaction, the chief technology officer owned 150,178 shares of the company’s stock, valued at $2,988,542.20. The trade was a 1.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Shields sold 1,366 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $20.83, for a total transaction of $28,453.78. Following the completion of the transaction, the director directly owned 29,832 shares in the company, valued at $621,400.56. The trade was a 4.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 96,662 shares of company stock valued at $2,231,849 over the last three months. Corporate insiders own 23.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its holdings in EverQuote by 31.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,869,798 shares of the company’s stock valued at $37,359,000 after buying an additional 442,473 shares during the last quarter. Jacobs Asset Management LLC boosted its position in shares of EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock worth $6,219,000 after purchasing an additional 268,819 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of EverQuote by 28.9% in the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock worth $14,517,000 after acquiring an additional 211,360 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in EverQuote by 37.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock valued at $10,728,000 after purchasing an additional 190,438 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in EverQuote in the 2nd quarter worth approximately $2,889,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote reported record third-quarter revenue of $218.1 million, up 25.4% year over year and ahead of estimates; earnings per share of $0.49 matched consensus. Coverage also highlighted a planned $50 million share buyback, which could support demand for the stock. EverQuote Q3 2026 earnings coverage
• Positive Sentiment: Analyst sentiment is favorable: B. Riley reaffirmed its Buy rating, while JPMorgan’s coverage points to potential appreciation. Recent analyst reports also include higher price targets and Buy or Overweight ratings. B. Riley rating JPMorgan price outlook
• Neutral Sentiment: Management plans to present at upcoming investor conferences and meet with investors. The announcement could provide an opportunity for updates but does not itself change the company’s outlook. Investor conference announcement
• Negative Sentiment: CEO Jayme Mendal sold 20,981 shares for about $501,000, reducing his direct stake by 3.69%. He still holds a substantial number of shares, but insider selling may weigh on sentiment. CEO stock sale report

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.