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

05 May 2026, 16:36 by Renee Jackson · The Cerbat Gem

EverQuote (NASDAQ:EVER – Get Free Report) had its target price upped by analysts at JPMorgan Chase & Co. from $22.00 to $24.00 in a research report issued to clients and investors 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 company’s current price.

Several other research analysts have also recently issued reports on EVER. Wall Street Zen cut EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of EverQuote in a research report on Tuesday. Weiss Ratings cut EverQuote from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Zacks Research cut EverQuote from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, B. Riley Financial dropped their price target on EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.17.

Read Our Latest Analysis on EVER

EverQuote Stock Performance

NASDAQ:EVER traded up $9.21 during trading hours on Tuesday, hitting $23.82. The company’s stock had a trading volume of 6,808,528 shares, compared to its average volume of 934,129. The business’s 50-day moving average is $15.85 and its two-hundred day moving average is $20.79. The company has a market capitalization of $858.23 million, a PE ratio of 9.02 and a beta of 0.56. EverQuote has a 52-week low of $13.88 and a 52-week high of $28.73.

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

Insiders Place Their Bets

In related news, CAO Jon Ayotte sold 1,730 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $15.56, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jayme Mendal sold 14,360 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $14.98, for a total value of $215,112.80. Following the sale, the chief executive officer directly owned 541,777 shares in the company, valued at approximately $8,115,819.46. The trade was a 2.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 18,095 shares of company stock worth $272,489. Corporate insiders own 25.52% of the company’s stock.

Institutional Trading of EverQuote

Large investors have recently made changes to their positions in the stock. Comerica Bank boosted its stake in shares of EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after acquiring an additional 772 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of EverQuote by 108.9% during the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after acquiring an additional 601 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of EverQuote during the third quarter valued at $52,000. Clearstead Advisors LLC boosted its stake in shares of EverQuote by 70.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after acquiring an additional 826 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of EverQuote by 595.8% during the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock valued at $62,000 after acquiring an additional 2,246 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote News Summary

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.

EverQuote Company Profile

(Get Free Report)

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.