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CAMBRIDGE, MA—John L. Shields, a director at EverQuote , Inc. (NASDAQ:EVER), a $722 million market cap insurance marketplace company with impressive 95% gross profit margins, recently sold 2,000 shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. According to InvestingPro data, the company maintains strong financial health with robust liquidity metrics. The shares were sold at a price of $20.00 each, totaling $40,000. This transaction was carried out under a Rule 10b5-1 trading plan that Shields adopted on March 13, 2024. Following this sale, Shields retains ownership of 28,515 shares in the company. The stock has shown remarkable strength with a 54% return over the past year, and analysts maintain price targets ranging from $25 to $35. InvestingPro subscribers can access 15 additional key insights about EverQuote’s valuation and growth prospects.
In other recent news, EverQuote has demonstrated considerable growth in its Q3 2024 financial results, with total revenues reaching $144.5 million, marking a 163% increase year-over-year. This surge was largely driven by a 200% rise in auto insurance revenue and a 30% increase in home insurance revenue. Raymond (NSE:RYMD) James upgraded EverQuote’s stock rating to Strong Buy, setting a new price target of $35.00, despite potential challenges from an upcoming FCC (BME:FCC) rule change. Needham maintained its Buy rating on EverQuote but lowered the price target to $30 from $38, reflecting current lower valuations in the financial marketplace. Canaccord Genuity also maintained a Buy rating on EverQuote’s stock and set a $35.00 price target. These recent developments highlight EverQuote’s successful collaborations with large carriers, leading to data-driven pricing changes and new service offerings.
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