Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
CAMBRIDGE, MA—Link Ventures, LLLP, a significant stakeholder in EverQuote , Inc. (NASDAQ:EVER), has sold a substantial amount of its Class A common stock, according to a recent SEC filing. The sales, conducted over two days, amounted to a total of $268,073. The insurance marketplace company, currently valued at $1.04 billion, has shown remarkable strength with a 59% return over the past year and trades near its 52-week high of $29.07.
On March 20, Link Ventures sold 284 shares at an average price of $28.40 per share. The following day, March 21, the firm sold an additional 9,069 shares at an average price of $28.67 per share. The transactions were executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks. According to InvestingPro, EverQuote maintains a "GREAT" financial health score, with strong metrics across growth and momentum dimensions.
Following these transactions, Link Ventures’ total holdings in EverQuote have decreased, with 3,498,689 shares remaining. The sales were facilitated by Link Ventures’ general partner, Link Management, LLC, which holds a 1% interest in the firm. For comprehensive insider trading analysis and 13 additional ProTips about EverQuote, visit InvestingPro.
In other recent news, EverQuote has reported fourth-quarter 2024 earnings that exceeded expectations. The company announced an earnings per share of $0.33, surpassing the forecasted $0.19, with revenue reaching $147.5 million, above the anticipated $133.77 million. This represents a year-over-year revenue increase of 165%, contributing to a record net income of $12.3 million for the quarter. For the full year 2024, EverQuote’s revenue totaled $500 million, reflecting a 74% increase over the previous year. Looking ahead, EverQuote projects 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 due to the company’s strong quarterly performance and positive guidance. The removal of a potential regulatory challenge, specifically the FCC (BME:FCC) TCPA regulation, has also contributed to the optimistic outlook for EverQuote. These developments highlight EverQuote’s resilience and strategic positioning in the market.
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