Everquote director George Neble sells $150,000 in stock

Published 27/03/2025, 21:32
Everquote director George Neble sells $150,000 in stock

CAMBRIDGE, MA—George Neble, a director at EverQuote , Inc. (NASDAQ:EVER), sold 5,000 shares of the company’s Class A common stock on March 25, 2025. The shares were sold at a price of $30 each, resulting in a total transaction value of $150,000. Following this sale, Neble retains ownership of 48,720 shares in the company. The transaction occurred as EverQuote’s stock trades near its 52-week high of $30.03, with the company showing strong momentum through a 33% price gain over the past six months. According to InvestingPro analysis, the company maintains a "GREAT" overall financial health score.

This transaction was executed as part of a pre-established Rule 10b5-1 trading plan, which Neble adopted on June 11, 2024. Such plans allow insiders to set up a predetermined schedule for selling stocks to avoid potential conflicts of interest. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed reports covering over 1,400 US stocks, including EverQuote’s complete financial health assessment and valuation metrics.

In other recent news, EverQuote Inc. reported fourth-quarter 2024 earnings that surpassed expectations, showcasing an EPS of $0.33 compared to the forecasted $0.19. The company also reported revenue of $147.5 million, exceeding the anticipated $133.77 million, marking a 165% year-over-year increase. EverQuote’s full-year revenue for 2024 reached $500 million, representing a 74% growth over 2023. Analysts at Needham responded to these strong results by raising their price target for EverQuote’s shares to $38 from $30, maintaining a Buy rating. They noted the company’s impressive first-quarter guidance, projecting a 73% year-over-year revenue growth. Additionally, the removal of a potential regulatory challenge, specifically the proposed FCC (BME:FCC) TCPA regulation, has contributed to a positive outlook for EverQuote. The company ended 2024 with $102.1 million in cash and no debt, and it anticipates Q1 2025 revenue between $155 million and $160 million.

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