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David Blundin, a director and significant shareholder of EverQuote , Inc. (NASDAQ:EVER), recently sold a substantial amount of the company’s Class A common stock. According to a regulatory filing, Blundin disposed of shares totaling $563,871 in value on March 24, 2025. The shares were sold at prices ranging from $28.67 to $29.61 per share. The sale comes as EverQuote demonstrates strong market performance, with the stock up nearly 49% year-to-date and maintaining robust financial health according to InvestingPro data.
The transactions were executed under a pre-established Rule 10b5-1 trading plan, which Blundin adopted on June 14, 2024. The sales involved multiple transactions, with the shares being sold through various entities, including Recognition Capital, LLC and Link Ventures, LLLP, both of which Blundin has managerial roles in. The company maintains a healthy financial position with a current ratio of 2.36 and minimal debt on its balance sheet.
Following these transactions, Blundin maintains ownership of a significant number of shares in EverQuote, both directly and indirectly through various entities. Based on InvestingPro’s comprehensive analysis, which includes 12 additional key insights and a detailed Fair Value assessment, the company currently trades near its Fair Value. Discover the complete financial story with InvestingPro’s exclusive research report.
In other recent news, EverQuote has reported impressive financial results for the fourth quarter of 2024, surpassing expectations with earnings per share (EPS) of $0.33 against a forecast of $0.19. The company’s revenue reached $147.5 million, significantly exceeding the anticipated $133.77 million. This robust performance was marked by a 165% year-over-year increase in quarterly revenue, as well as a record net income of $12.3 million. Analysts at Needham have responded positively to these results, raising the price target for EverQuote shares from $30 to $38 and maintaining a Buy rating. The company’s first-quarter guidance suggests a projected revenue growth of 73% year-over-year, indicating continued strong performance. Additionally, the removal of a potential regulatory challenge, specifically the proposed FCC (BME:FCC) TCPA regulation, has alleviated concerns and contributed to a favorable outlook for EverQuote. These recent developments reflect the company’s strategic positioning and operational efficiency, as highlighted by EverQuote’s CEO and CFO during their earnings call.
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