EverQuote (NASDAQ:EVER) Stock Keeps "Buy" Rating at B. Riley Financial

Key Points

• B. Riley reiterated its “Buy” rating on EverQuote and raised its price target from $34 to $35, implying approximately 24.5% upside. The consensus rating is “Moderate Buy,” with an average target of $29.83.
• EverQuote shares rose 15.8% to $28.11 after the company reported third-quarter revenue of $218.1 million, up 25.4% year over year and above analyst expectations; EPS of $0.49 matched consensus.
• The company guided for fourth-quarter revenue of $213 million to $223 million, while investing in AI-driven products and agentic LLM channels. These investments may expand growth opportunities but could pressure margins and create execution risks.

EverQuote (NASDAQ:EVER - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at B. Riley Financial in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $35.00 price objective on the stock, up from their prior 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.

Several other equities research analysts have also weighed in on EVER. Canaccord Genuity Group increased their target price on shares of EverQuote from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday. Cantor Fitzgerald reissued an "overweight" rating on shares of EverQuote in a report on Tuesday. Zacks Research upgraded shares of EverQuote from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Raymond James Financial reaffirmed an "outperform" rating and set a $28.00 price objective on shares of EverQuote in a research note on Thursday, August 13th. Finally, Citigroup reaffirmed a "buy" rating on shares of EverQuote in a research note 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.83.

EverQuote Trading Up 15.8%

Shares of EVER stock traded up $3.85 on Tuesday, reaching $28.11. The company had a trading volume of 299,583 shares, compared to its average volume of 816,430. The stock has a market cap of $1.01 billion, a PE ratio of 9.03 and a beta of 0.68. The company has a 50-day moving average of $22.32 and a 200-day moving average of $20.52. EverQuote has a 12 month low of $13.88 and a 12 month high of $28.73.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $218.08 million for the quarter, compared to analyst estimates of $203.23 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. EverQuote's quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. Sell-side analysts anticipate that EverQuote will post 1.72 earnings per share for the current year.

Insider Activity

In other EverQuote news, CEO Jayme Mendal sold 20,980 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $19.69, for a total transaction of $413,096.20. Following the sale, the chief executive officer directly owned 557,828 shares in the company, valued at approximately $10,983,633.32. This trade represents a 3.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Shields sold 1,366 shares of EverQuote stock in a transaction that occurred on Friday, October 9th. The shares were 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 approximately $621,400.56. The trade was a 4.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 75,681 shares of company stock worth $1,730,822. Corporate insiders own 23.68% of the company's stock.

Institutional Investors Weigh In On EverQuote

Several institutional investors have recently added to or reduced their stakes in EVER. Allspring Global Investments Holdings LLC boosted its position in EverQuote by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company's stock worth $13,412,000 after acquiring an additional 293,160 shares during the last quarter. Jacobs Asset Management LLC raised its holdings in shares of EverQuote by 199.9% in the first quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company's stock valued at $6,219,000 after purchasing an additional 268,819 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of EverQuote by 28.9% in the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company's stock valued at $14,517,000 after purchasing an additional 211,360 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of EverQuote by 37.7% in the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company's stock worth $10,728,000 after purchasing an additional 190,438 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of EverQuote in the second quarter worth $2,889,000. 91.54% of the stock is owned by institutional investors.

EverQuote News Summary

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.

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