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CAMBRIDGE, Mass.—Joseph Sanborn, Chief Financial Officer of EverQuote , Inc. (NASDAQ:EVER), a company that has demonstrated robust growth with a 74% revenue increase over the last twelve months, recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On April 2, 2025, Sanborn sold a total of 1,063 shares of EverQuote’s Class A Common Stock, valued at approximately $27,946, at a price of $26.29 per share.
These sales were carried out under a pre-arranged Rule 10b5-1 trading plan. This plan was established to facilitate the sale of shares to cover tax obligations resulting from the vesting of restricted stock units. The transactions do not represent discretionary trades by Sanborn.
In a related transaction on April 1, 2025, 4,494 shares were withheld by the company to satisfy tax withholding obligations, valued at $119,360, based on a price of $26.56 per share. Following these transactions, Sanborn retains ownership of 270,865 shares of EverQuote. The company maintains a healthy current ratio of 2.36, indicating strong ability to meet short-term obligations. Get deeper insights into EverQuote’s financial health with InvestingPro’s comprehensive research reports.
In other recent news, EverQuote Inc. reported impressive fourth-quarter 2024 financial results, surpassing expectations with an earnings per share (EPS) of $0.33, significantly above the projected $0.19. The company’s revenue for the quarter reached $147.5 million, exceeding the anticipated $133.77 million and marking a 165% year-over-year increase. For the full year 2024, EverQuote’s revenue totaled $500 million, reflecting a 74% rise from the previous year, attributed to advancements in AI and expansion into non-auto insurance verticals. Needham analysts have responded positively to these results by raising EverQuote’s stock price target to $38 and maintaining a Buy rating, citing robust quarterly performance and the removal of regulatory challenges as key factors. The company’s first-quarter 2025 guidance suggests continued strong growth, with projected revenue between $155 million and $160 million, indicating a 73% year-over-year increase. Additionally, EverQuote ended 2024 with $102.1 million in cash and no debt, highlighting a strengthened financial position. In governance news, Jayme Mendal, CEO of EverQuote, has been appointed to the board of Gambling.com Group Ltd, set to begin his term on May 15, 2025, following the resignation of Gregg Michaelson. These developments underscore EverQuote’s strong market position and strategic advancements.
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