EverQuote (NASDAQ:EVER) Earns “Buy” Rating from B. Riley Financial

EverQuote (NASDAQ:EVER)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley Financial in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $34.00 target price on the stock, up from their previous target price of $30.00. B. Riley Financial’s price target suggests a potential upside of 45.69% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Needham & Company LLC increased their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. JPMorgan Chase & Co. lifted their price objective on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen raised EverQuote from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, EverQuote has an average rating of “Moderate Buy” and an average price target of $25.67.

EverQuote Trading Down 3.2%

Shares of EverQuote stock traded down $0.76 during trading on Tuesday, reaching $23.34. The company’s stock had a trading volume of 731,002 shares, compared to its average volume of 864,728. The stock has a 50-day moving average price of $22.78 and a two-hundred day moving average price of $19.45. The stock has a market capitalization of $840.87 million, a P/E ratio of 7.95 and a beta of 0.62. EverQuote has a one year low of $13.88 and a one year high of $28.73.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $195.09 million for the quarter, compared to analyst estimates of $190.56 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The company’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, sell-side 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 20,000 shares of EverQuote stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $20.70, for a total transaction of $414,000.00. Following the completion of the sale, the chief financial officer directly owned 337,660 shares of the company’s stock, valued at $6,989,562. The trade was a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO David Brainard sold 4,960 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $25.51, for a total value of $126,529.60. Following the completion of the transaction, the chief technology officer directly owned 165,336 shares in the company, valued at $4,217,721.36. The trade was a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 47,586 shares of company stock worth $1,043,114 in the last three months. Insiders own 23.68% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EVER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in EverQuote by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after purchasing an additional 624 shares during the last quarter. Cetera Investment Advisers grew its holdings in EverQuote by 4.3% in the 2nd quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock valued at $392,000 after buying an additional 675 shares in the last quarter. Comerica Bank increased its position in EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after acquiring an additional 772 shares during the period. Legal & General Group Plc increased its holdings in shares of EverQuote by 3.3% during the third quarter. Legal & General Group Plc now owns 24,301 shares of the company’s stock worth $556,000 after purchasing an additional 776 shares during the period. Finally, Zacks Investment Management increased its stake in EverQuote by 1.2% during the 4th quarter. Zacks Investment Management now owns 66,281 shares of the company’s stock worth $1,790,000 after acquiring an additional 782 shares during the period. 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 approximately $195.1 million, up 24.6% year over year, while EPS of $0.53 exceeded the consensus estimate of $0.52. The results indicate continued demand for the company’s insurance customer-acquisition platform. EverQuote Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management expects third-quarter 2026 revenue of $198 million to $208 million, with the midpoint modestly above Wall Street’s $201.7 million estimate. The company also reiterated its longer-term objective of reaching a $1 billion annual revenue run rate. EverQuote Q3 2026 Revenue Outlook
• Positive Sentiment: Needham raised its price target from $25 to $30 and maintained a Buy rating, suggesting the analyst sees additional upside after the earnings report. Needham Price Target Report
• Neutral Sentiment: The analyst consensus price target is approximately $24.17, indicating limited upside relative to the current trading level, although individual estimates remain more optimistic. EverQuote Consensus Price Target
• Negative Sentiment: The stock’s decline appears tied to cautious interpretation of the outlook: the broad Q3 revenue range includes a low end below consensus, and the company did not provide a clear EPS forecast. Investors may also have been looking for a larger guidance increase after the quarterly beat, creating a “sell-the-news” reaction.

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.