US stock futures edge lower after S&P 500 hits record high; PCE data in focus
David Brainard, the Chief Technology Officer of EverQuote , Inc. (NASDAQ:EVER), recently executed a sale of company stock. According to a filing with the Securities and Exchange Commission, Brainard sold 4,113 shares of Class A Common Stock on April 4, 2025. The shares were sold at a weighted average price of $22.41, resulting in a total transaction value of approximately $92,172. The transaction comes amid a significant 20% decline in the stock price over the past week, though the company maintains strong fundamentals with a healthy current ratio of 2.36.
The sale was conducted under a Rule 10b5-1 trading plan, which Brainard adopted on June 11, 2024. The shares were sold in multiple transactions, with prices ranging from $21.63 to $23.27. Following this transaction, Brainard holds 143,874 shares of EverQuote.
This move comes as part of regular trading activities and is noteworthy for investors tracking insider transactions at EverQuote.
In other recent news, EverQuote Inc. reported its fourth-quarter 2024 earnings, surpassing expectations with an EPS of $0.33, compared to the forecasted $0.19. The company's revenue reached $147.5 million, exceeding the anticipated $133.77 million, marking a 165% year-over-year increase. For the full year, EverQuote achieved a revenue total of $500 million, representing a 74% increase over 2023. The company reported a record net income of $12.3 million for the quarter and ended 2024 with $102.1 million in cash and no debt. EverQuote's guidance for the first quarter of 2025 projects revenue between $155 million and $160 million, indicating a 73% year-over-year growth. Analysts at Needham raised their price target for EverQuote shares to $38 from $30, maintaining a Buy rating, following these robust results. They noted the company's strong recovery in auto carrier marketing spend and the removal of a potential regulatory challenge as contributing factors. Additionally, Gambling.com Group announced changes to its board of directors, with Jayme Mendal, CEO of EverQuote, set to join the board, succeeding Gregg Michaelson.
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