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

EverQuote (NASDAQ:EVER)‘s stock had its “buy” rating reiterated by equities researchers at B. Riley Financial in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $35.00 price objective on the stock, up from their previous price objective of $34.00. B. Riley Financial‘s target price would indicate a potential upside of 24.49% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on EVER. Canaccord Genuity Group upped their price objective on EverQuote from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings raised shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. JPMorgan Chase & Co. assumed coverage on shares of EverQuote in a report on Monday, August 24th. They set an “overweight” rating and a $29.00 target price on the stock. Wall Street Zen lowered shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EverQuote in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.83.

EverQuote Stock Up 15.8%

Shares of NASDAQ:EVER traded up $3.85 during midday trading on Tuesday, reaching $28.11. The company had a trading volume of 299,583 shares, compared to its average volume of 816,430. The business’s 50 day moving average price is $22.32 and its 200 day moving average price is $20.52. The stock has a market cap of $1.01 billion, a PE ratio of 9.03 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 EPS for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $218.08 million during the quarter, compared to analysts’ expectations of $203.23 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. On average, research analysts expect 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 EverQuote stock in a transaction on Thursday, October 8th. The shares were 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 directly owned 150,178 shares of the company’s stock, valued at $2,988,542.20. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George R. Neble sold 1,593 shares of the company’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $20.83, for a total transaction of $33,182.19. Following the completion of the transaction, the director owned 56,547 shares in the company, valued at approximately $1,177,874.01. This represents a 2.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 75,681 shares of company stock worth $1,730,822 in the last quarter. Company insiders own 23.68% of the company’s stock.

Institutional Trading of EverQuote

Several hedge funds and other institutional investors have recently modified their holdings of EVER. Signature Equity Partners LLC grew its stake in EverQuote by 65.5% in the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after buying an additional 842 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in EverQuote in the 2nd quarter valued at about $55,000. Allworth Financial LP raised its holdings in EverQuote by 63.7% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after acquiring an additional 997 shares during the period. IFP Advisors Inc lifted its position in EverQuote by 100.1% during the second quarter. IFP Advisors Inc now owns 3,219 shares of the company’s stock worth $77,000 after acquiring an additional 1,610 shares during the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in EverQuote during the third quarter worth approximately $75,000. 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: 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

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.