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CAMBRIDGE, MA—Link Ventures, LLLP, a significant shareholder in EverQuote , Inc. (NASDAQ:EVER), reported the sale of 47 shares of Class A common stock on March 19, according to a recent SEC filing. The shares were sold at a weighted average price of $28.40, totaling $1,334. The transaction comes as EverQuote trades near its 52-week high of $28.50, having delivered impressive returns of over 40% year-to-date. InvestingPro analysis shows the company maintains a GREAT financial health score, with 14 additional key insights available to subscribers.
The transactions were executed under a Rule 10b5-1 trading plan, which was adopted by the reporting entity in June 2024. Following these transactions, Link Ventures, LLLP holds 3,509,042 shares of EverQuote, a company now valued at approximately $1 billion. The sales were managed by David Blundin, who signed the report as the managing member of Link Management, LLC, the general partner of Link Ventures, LLLP. For detailed insights into EverQuote’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
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, compared to a forecast of $0.19. The company’s revenue for the quarter reached $147.5 million, exceeding the anticipated $133.77 million, and marking a 165% increase year-over-year. EverQuote also achieved a record net income of $12.3 million for the quarter and ended the year with $102.1 million in cash and no debt. Looking ahead, the company has projected first-quarter 2025 revenue between $155 million and $160 million, indicating a 73% year-over-year growth. Additionally, Needham analysts have raised EverQuote’s stock price target to $38 from $30, maintaining a Buy rating, following the company’s robust quarterly performance and encouraging guidance. This positive outlook is further supported by the removal of a potential regulatory challenge, as the proposed FCC (BME:FCC) TCPA regulation is no longer expected to be implemented. These developments reflect a strong recovery in EverQuote’s business, driven by advancements in AI and machine learning, as well as expansion into non-auto insurance verticals.
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