everquote director David Blundin sells $5.14m in stock

Published 24/03/2025, 21:24
everquote director David Blundin sells $5.14m in stock

David Blundin, a director and significant shareholder of EverQuote , Inc. (NASDAQ:EVER), recently sold a considerable portion of his holdings in the company. According to a recent SEC filing, Blundin disposed of shares in multiple transactions on March 20 and 21, 2025, totaling approximately $5.14 million. The transactions were executed at prices ranging from $28.40 to $28.67 per share. The sales occurred as EverQuote’s stock trades near its 52-week high of $29.07, having delivered impressive returns of 43.62% year-to-date and 59.23% over the past year.

Blundin’s sales were conducted through various entities, including direct sales and those made by Recognition Capital, LLC, and Link Ventures, LLLP, entities in which he holds managerial roles. Following these transactions, Blundin continues to hold a substantial number of shares in EverQuote through direct and indirect ownership. According to InvestingPro data, EverQuote maintains strong financial health with a "GREAT" overall score, supported by robust revenue growth of 73.72% and a market capitalization of $1.04 billion. For deeper insights into EverQuote’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, EverQuote has reported impressive fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.33 against the forecasted $0.19. The company also reported a revenue of $147.5 million, exceeding the anticipated $133.77 million, marking a 165% increase year-over-year. For the full year 2024, EverQuote’s revenue reached $500 million, a 74% rise over the previous year. Analysts at Needham have responded positively to these results, raising EverQuote’s price target to $38 from $30 while maintaining a Buy rating. This adjustment comes in light of EverQuote’s first-quarter guidance, which suggests a 73% year-over-year revenue growth, alongside improved profitability. Additionally, the removal of a potential regulatory challenge concerning the FCC (BME:FCC) TCPA regulation has contributed to a favorable outlook for the company. EverQuote ended 2024 with $102.1 million in cash and no debt, further strengthening its financial position. These developments reflect a robust performance and a positive future outlook for EverQuote.

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