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David Blundin, a director and significant shareholder of EverQuote , Inc. (NASDAQ:EVER), recently sold a portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Blundin sold a total of 900 shares of EverQuote’s Class A Common Stock on March 19, 2025. The shares were sold at a weighted average price of $28.40, amounting to a total transaction value of $25,559. The sale comes as EverQuote’s stock has shown remarkable strength, gaining over 60% in the past year and trading near its 52-week high of $28.50.
The sales were conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks. Following these transactions, Blundin continues to hold a significant number of shares, both directly and indirectly, through various entities.
As of the latest filing, Blundin holds 177,950 shares directly and additional shares through Recognition Capital, LLC, Link Ventures LLLP, and Cogo Fund 2020, LLC. These entities are managed or controlled by Blundin, although he disclaims beneficial ownership except to the extent of his pecuniary interest.
In other recent news, EverQuote has reported its fourth-quarter 2024 earnings, significantly surpassing expectations with an EPS of $0.33 compared to the forecast of $0.19. The company achieved a revenue of $147.5 million, exceeding the anticipated $133.77 million. This remarkable performance was highlighted by a 165% year-over-year revenue increase and a record net income of $12.3 million for the quarter. EverQuote ended the year with $102.1 million in cash and no debt, indicating a strong financial position. For the first quarter of 2025, the company projects revenue between $155 million and $160 million, suggesting a 73% year-over-year growth.
Additionally, Needham analysts have raised their price target for EverQuote shares to $38 from $30, maintaining a Buy rating. This upgrade follows the company’s strong quarterly results and optimistic first-quarter guidance. The removal of a potential regulatory challenge concerning the FCC (BME:FCC) TCPA regulation has also contributed to the positive outlook for EverQuote. The analysts noted that the company’s estimated EV/EBITDA multiple of approximately 8.5 times for fiscal year 2026 presents a favorable risk-reward balance for investors. These developments reflect a promising trajectory for EverQuote, driven by its robust financial performance and strategic positioning in the market.
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