EverQuote (NASDAQ:EVER) CEO Sells 20,981 Shares of Stock

Key Points

• EverQuote CEO Jayme Mendal sold 20,981 shares for about $501,000 at an average price of $23.88, reducing his holdings by 3.69% to 548,253 shares.
• EverQuote reported quarterly revenue of $218.08 million, above analyst expectations of $205.12 million, while EPS of $0.49 matched consensus; revenue grew 25.4% year over year.
• Analyst sentiment was broadly positive: Canaccord and Needham raised price targets and maintained Buy ratings, and the stock carried a “Moderate Buy” consensus rating with a $30 average target.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CEO Jayme Mendal sold 20,981 shares of the firm's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $23.88, for a total value of $501,026.28. Following the transaction, the chief executive officer owned 548,253 shares of the company's stock, valued at $13,092,281.64. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jayme Mendal also recently made the following trade(s):

• On Thursday, October 1st, Jayme Mendal sold 20,980 shares of EverQuote stock. The shares were sold at an average price of $19.69, for a total value of $413,096.20.
• On Tuesday, September 15th, Jayme Mendal sold 20,981 shares of EverQuote stock. The shares were sold at an average price of $24.27, for a total value of $509,208.87.

EverQuote Trading Up 5.1%

NASDAQ:EVER traded up $1.49 on Wednesday, reaching $30.60. 1,570,446 shares of the stock traded hands, compared to its average volume of 828,226. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.97 and a beta of 0.82. The company's 50 day moving average is $22.37 and its 200-day moving average is $20.54. EverQuote, Inc. has a 1-year low of $13.88 and a 1-year high of $30.92.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $218.08 million during the quarter, compared to analyst estimates of $205.12 million. EverQuote had a net margin of 14.23% and a return on equity of 47.68%. The company's revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. On average, equities research analysts forecast that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EVER has been the subject of a number of analyst reports. Citigroup reissued a "buy" rating on shares of EverQuote in a research note on Tuesday. Canaccord Genuity Group boosted their target price on shares of EverQuote from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday. Needham & Company LLC upped their price target on shares of EverQuote from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Tuesday. Wall Street Zen cut shares of EverQuote from a "buy" rating to a "hold" rating in a research report on Sunday, September 20th. Finally, Zacks Research upgraded EverQuote from a "strong sell" rating to a "hold" rating in a report on Friday, October 2nd. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

Key Stories Impacting EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote reported record third-quarter revenue, with coverage highlighting strong sales and growth. The company also guided for fourth-quarter revenue of $213 million to $223 million, modestly above the roughly $211.9 million consensus estimate. EverQuote Q3 2026: Record Revenue, EPS Miss, and a $50M Buyback
• Positive Sentiment: The company announced a $50 million share repurchase authorization, which may support shareholder returns. EverQuote Q3 2026: Record Revenue, EPS Miss, and a $50M Buyback
• Positive Sentiment: Analysts raised price targets: B. Riley and Needham lifted theirs to $35 and maintained Buy ratings. These upgrades signal continued optimism about the company’s prospects. EverQuote PT Raised to $35 at B. Riley
• Neutral Sentiment: Management plans to present at upcoming investor conferences and meet with investors; the announcement does not include new financial guidance. EverQuote to Present at Upcoming Investor Conferences
• Negative Sentiment: EverQuote is investing in agentic AI channels, which could weigh on margins, while some coverage warns of slower fourth-quarter growth. These concerns temper the otherwise strong sales and outlook. EverQuote outlines Q4 revenue while investing in agentic LLM channels

Hedge Funds Weigh In On EverQuote

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in EverQuote by 37.7% in the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company's stock valued at $10,728,000 after purchasing an additional 190,438 shares in the last quarter. Jacobs Asset Management LLC raised its holdings in shares of EverQuote by 199.9% during 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 period. Bank of New York Mellon Corp acquired a new position in shares of EverQuote during the second quarter valued at about $2,344,000. Squarepoint Ops LLC bought a new position in shares of EverQuote during the 2nd quarter worth about $2,889,000. Finally, Renaissance Technologies LLC boosted its position in shares of EverQuote by 28.9% during the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company's stock worth $14,517,000 after purchasing an additional 211,360 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.