Everquote sees $15,390 stock sale by Link Ventures

Published 27/03/2025, 21:08
Everquote sees $15,390 stock sale by Link Ventures

CAMBRIDGE, MA—In a recent SEC filing, EverQuote , Inc. (NASDAQ:EVER) disclosed that Link Ventures, LLLP, a significant shareholder, has sold shares of the company’s Class A Common Stock. The transaction, which took place on March 25, 2025, involved the sale of 513 shares at a weighted average price of $30. This sale resulted in a total transaction value of $15,390. The transaction price aligns closely with the stock’s current trading level, as EverQuote shares have shown remarkable strength with a 33% gain over the past six months.

The shares were sold under a Rule 10b5-1 trading plan, which was adopted by the reporting entity on June 14, 2024. Following this transaction, Link Ventures, LLLP retains ownership of 3,498,154 shares in EverQuote, maintaining a significant position in the company, which currently has a market capitalization of approximately $1 billion. The sale was conducted by Link Ventures, LLLP, with Link Management, LLC acting as the general partner.

This transaction is part of a broader strategic financial management approach employed by Link Ventures, LLLP, and reflects ongoing portfolio adjustments. Investors and stakeholders of EverQuote are encouraged to consider these developments in the context of the company’s overall market strategy and performance. According to InvestingPro, EverQuote maintains a "GREAT" financial health score, with strong liquidity ratios and robust cash flow generation. The company’s comprehensive financial analysis, including 12 additional key insights, is available through InvestingPro’s detailed research reports.

In other recent news, EverQuote has reported impressive financial results for the fourth quarter of 2024, surpassing expectations with an earnings per share (EPS) of $0.33, compared to the forecasted $0.19. The company’s revenue reached $147.5 million, exceeding the anticipated $133.77 million, marking a 165% year-over-year increase. Full-year revenue totaled $500 million, a 74% increase over 2023, with advancements in AI and expansion into non-auto insurance verticals contributing to this growth. Additionally, EverQuote 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. Analyst firm Needham has raised its price target for EverQuote to $38, maintaining a Buy rating, following these strong results and the removal of a potential regulatory challenge. The company projects Q1 2025 revenue between $155 million and $160 million, indicating a 73% year-over-year growth. EverQuote’s robust performance and optimistic guidance have contributed to a positive outlook from investors and analysts alike.

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