Brokerages Set EverQuote, Inc. (NASDAQ:EVER) Target Price at $24.17

EverQuote, Inc. (NASDAQ:EVER) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.1667.

Several analysts recently commented on the stock. Craig Hallum reissued a “buy” rating and set a $20.00 price objective on shares of EverQuote in a research report on Tuesday, February 24th. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a report on Saturday. B. Riley Financial dropped their price objective on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Raymond James Financial restated an “outperform” rating and set a $18.00 target price on shares of EverQuote in a research note on Tuesday, February 17th. Finally, Zacks Research cut shares of EverQuote from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th.

EverQuote News Summary

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: Zacks Research raised earnings estimates across several periods for EverQuote, including FY2026, FY2027, and FY2028, signaling improved profitability expectations and supporting the stock’s valuation. EverQuote analyst estimate updates
• Positive Sentiment: The company also received a “Moderate Buy” consensus rating from brokerages, which can reinforce investor confidence in the outlook. EverQuote consensus rating article
• Neutral Sentiment: CAO Jon Ayotte sold 285 shares, but the filing says it was to cover tax withholding tied to vesting equity awards, making it more likely a routine transaction than a negative signal. EverQuote insider sale filing

EverQuote Price Performance

NASDAQ:EVER opened at $18.88 on Friday. The firm’s 50-day moving average price is $16.75 and its 200-day moving average price is $20.72. The company has a market capitalization of $680.25 million, a PE ratio of 6.42 and a beta of 0.56. EverQuote has a 1-year low of $13.88 and a 1-year high of $28.73.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The firm had revenue of $190.85 million for the quarter, compared to the consensus estimate of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. Equities analysts anticipate that EverQuote will post 2.06 EPS for the current fiscal year.

Insider Activity

In other news, CTO David Brainard sold 9,942 shares of EverQuote stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $19.42, for a total transaction of $193,073.64. Following the sale, the chief technology officer owned 180,493 shares in the company, valued at $3,505,174.06. This trade represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Joseph Sanborn sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $20.70, for a total transaction of $414,000.00. Following the completion of the transaction, the chief financial officer directly owned 337,660 shares of the company’s stock, valued at approximately $6,989,562. This trade represents a 5.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,325 shares of company stock worth $676,908 over the last quarter. Insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in EverQuote by 108.9% during the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after buying an additional 601 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in EverQuote by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after buying an additional 624 shares during the period. Cetera Investment Advisers boosted its stake in EverQuote by 4.3% during the second quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock worth $392,000 after buying an additional 675 shares during the period. Comerica Bank boosted its stake 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 buying an additional 772 shares during the period. Finally, Legal & General Group Plc boosted its stake in 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 buying an additional 776 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

About EverQuote

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.