EverQuote (NASDAQ:EVER) Given New $30.00 Price Target at JPMorgan Chase & Co.

EverQuote (NASDAQ:EVER) had its target price increased by equities 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 suggests a potential upside of 5.78% from the stock’s current price.

Several other research firms have also recently commented on EVER. Weiss Ratings upgraded shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EverQuote in a report on Tuesday. Zacks Research upgraded EverQuote from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Canaccord Genuity Group increased their price objective on EverQuote from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Citigroup restated a “buy” rating on shares of EverQuote in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EverQuote currently has an average rating of “Moderate Buy” and an average target price of $30.00.

EverQuote Price Performance

NASDAQ:EVER traded up $4.09 during midday trading on Tuesday, reaching $28.36. 656,817 shares of the company traded hands, compared to its average volume of 818,250. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 9.23 and a beta of 0.68. The company has a fifty day moving average price of $22.32 and a 200 day moving average price of $20.52. EverQuote has a twelve month low of $13.88 and a twelve month high of $29.16.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 2nd. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $218.08 million for the quarter, compared to analyst estimates of $203.23 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. On average, equities research analysts forecast that EverQuote will post 1.72 earnings per share for the current fiscal year.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 2,626 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $19.90, for a total value of $52,257.40. Following the completion of the sale, the chief technology officer directly owned 150,178 shares of the company’s stock, valued at approximately $2,988,542.20. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jayme Mendal sold 20,980 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $19.69, for a total transaction of $413,096.20. Following the completion of the sale, the chief executive officer owned 557,828 shares in the company, valued at approximately $10,983,633.32. The trade was a 3.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 75,681 shares of company stock worth $1,730,822. Insiders own 23.68% of the company’s stock.

Institutional Trading of EverQuote

A number of hedge funds have recently bought and sold shares of EVER. State of Wyoming increased its holdings in EverQuote by 101.9% in the 3rd quarter. State of Wyoming now owns 24,907 shares of the company’s stock valued at $500,000 after buying an additional 12,570 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of EverQuote by 300.8% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 6,316 shares of the company’s stock worth $127,000 after acquiring an additional 4,740 shares during the period. Simplicity Wealth LLC bought a new position in shares of EverQuote during the 3rd quarter worth about $266,000. Counterpoint Mutual Funds LLC bought a new position in shares of EverQuote during the 3rd quarter worth about $529,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of EverQuote during the 3rd quarter valued at about $75,000. 91.54% of the stock is owned by institutional investors.

More EverQuote News

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

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.