JPMorgan Chase & Co. Forecasts Strong Price Appreciation for EverQuote (NASDAQ:EVER) Stock

Key Points

• JPMorgan Chase raised its price target on EverQuote from $22 to $24 and maintained an "overweight" rating, implying only about a 0.8% upside from current levels.
• EverQuote beat Q1 estimates (EPS $0.51 vs. $0.43; revenue $190.85M vs. $180.1M), provided an above‑consensus Q2 revenue guide of $185M–$195M and reiterated a ~ $1B revenue target within 2–3 years, driving the stock up roughly 63% on heavy volume.
• Insiders have sold shares recently (about 18,095 shares in the last 90 days), while several large institutional investors (Lazard, Balyasny, AQR, UBS) substantially increased positions—article reports insiders own ~25.5% and institutions ~91.5% of the stock.

EverQuote (NASDAQ:EVER - Get Free Report) had its price target raised by analysts at JPMorgan Chase & Co. from $22.00 to $24.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 0.76% from the stock's current price.

A number of other equities analysts also recently issued reports on EVER. Craig Hallum reaffirmed a "buy" rating and issued a $20.00 price target on shares of EverQuote in a report on Tuesday, February 24th. Weiss Ratings downgraded EverQuote from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday. Zacks Research downgraded EverQuote from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 26th. B. Riley Financial decreased their price objective on EverQuote from $36.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, February 24th. Finally, Canaccord Genuity Group decreased their price objective on EverQuote from $33.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $24.17.

EverQuote Stock Up 63.0%

EVER traded up $9.21 on Tuesday, reaching $23.82. The company's stock had a trading volume of 6,808,528 shares, compared to its average volume of 934,129. The stock has a 50 day moving average of $15.85 and a two-hundred day moving average of $20.79. The company has a market capitalization of $858.23 million, a price-to-earnings ratio of 9.02 and a beta of 0.56. EverQuote has a fifty-two week low of $13.88 and a fifty-two week high of $28.73.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.08. The firm had revenue of $190.85 million during the quarter, compared to the consensus estimate of $180.10 million. EverQuote had a return on equity of 57.65% and a net margin of 14.34%.The firm's quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. As a group, analysts anticipate that EverQuote will post 1.91 earnings per share for the current fiscal year.

Insider Activity at EverQuote

In other news, CEO Jayme Mendal sold 14,360 shares of the company's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $14.98, for a total transaction of $215,112.80. Following the completion of the sale, the chief executive officer owned 541,777 shares in the company, valued at $8,115,819.46. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jon Ayotte sold 1,730 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $15.56, for a total value of $26,918.80. Following the sale, the chief accounting officer owned 86,202 shares of the company's stock, valued at $1,341,303.12. This trade represents a 1.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,095 shares of company stock valued at $272,489 in the last 90 days. Company insiders own 25.52% of the company's stock.

Institutional Investors Weigh In On EverQuote

Several large investors have recently modified their holdings of EVER. Lazard Asset Management LLC raised its stake in shares of EverQuote by 81.7% during the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company's stock worth $24,333,000 after purchasing an additional 405,237 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of EverQuote by 110.7% during the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company's stock worth $15,720,000 after purchasing an additional 361,082 shares during the last quarter. AQR Capital Management LLC raised its position in EverQuote by 95.1% in the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company's stock worth $15,853,000 after acquiring an additional 319,618 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in EverQuote by 615.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company's stock worth $8,896,000 after acquiring an additional 292,172 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in EverQuote by 1,100.6% in the fourth quarter. SG Americas Securities LLC now owns 244,937 shares of the company's stock worth $6,613,000 after acquiring an additional 224,535 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

Key EverQuote News

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: Q1 results beat Wall Street: EverQuote reported EPS $0.51 vs. $0.43 est. and revenue $190.85M vs. $180.1M est.; revenue rose ~14.6% YoY and management cited growth in the automotive vertical and rising marketing spend that is driving customer acquisition. Read More.
• Positive Sentiment: Upbeat Q2 revenue guide and long-term target: EverQuote guided Q2 revenue to $185M–$195M (above consensus) and reiterated an ambition to reach ~$1B in revenue within 2–3 years — a signal of aggressive growth expectations. Read More.
• Positive Sentiment: Analyst support: Needham reaffirmed a "buy" rating and set a $25 price target, reflecting further analyst confidence and incremental upside from current levels. Read More.
• Positive Sentiment: Market reaction and coverage: Multiple outlets highlighted the strong quarter and the stock moved notably higher on the news, driven by volume and investor enthusiasm for the growth outlook. Read More.
• Neutral Sentiment: Primary materials posted: The company released its earnings press release, slide deck and earnings‑call materials (useful for validating unit economics, marketing ROI and conversion trends). Read More.
• Neutral Sentiment: Third‑party analysis available: Comparative analyses and transcripts (EverQuote vs. peers, full call transcript) have been published for deeper due diligence but contain no new negative surprises. Read More.
• Negative Sentiment: Rising marketing spend is a double‑edged sword: management increased marketing investment to fuel growth — if conversion or pricing weakens, higher spend could pressure margins and future EPS. Investors should watch customer acquisition efficiency metrics disclosed in the slides and calls. Read More.

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.

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