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In recent transactions disclosed by EverQuote , Inc. (NASDAQ:EVER), Link Ventures, LLLP, a major stakeholder, sold shares valued at a total of $29,379. The sales occurred on March 24, 2025, under a pre-established Rule 10b5-1 trading plan. The transaction comes as EverQuote’s stock has shown remarkable strength, gaining over 48% year-to-date and 62% over the past year, according to InvestingPro data.
Link Ventures, through its general partner Link Management, LLC, executed the sales of EverQuote’s Class A Common Stock at prices ranging from $28.67 to $29.61 per share. The transactions involved the sale of 938 shares at a weighted average price of $28.67 and 84 shares at a weighted average price of $29.61. These prices reflect the stock’s strong momentum, trading near its 52-week high of $30.03. InvestingPro analysis shows the company maintains excellent financial health with multiple positive indicators.
Following these sales, Link Ventures reported holding 3,498,667 shares of EverQuote. The transactions were made as part of a strategy outlined in a trading plan adopted in June 2024. With a market capitalization of approximately $995 million and a comprehensive financial health score rated as "GREAT" by InvestingPro, EverQuote continues to demonstrate strong market positioning. Subscribers to InvestingPro can access detailed valuation metrics and 12 additional ProTips for deeper insight into the company’s performance.
In other recent news, EverQuote reported impressive fourth-quarter 2024 earnings, significantly surpassing expectations with an EPS of $0.33 compared to the projected $0.19. The company’s revenue reached $147.5 million, exceeding the anticipated $133.77 million, marking a 165% year-over-year increase. For the full year, EverQuote’s revenue totaled $500 million, a 74% increase over 2023, driven by advancements in AI and expansion into non-auto insurance verticals. Needham analysts responded by raising EverQuote’s stock price target to $38, maintaining a Buy rating, citing the company’s robust quarterly performance and positive future outlook.
Additionally, EverQuote’s guidance for the first quarter of 2025 projects revenue between $155 million and $160 million, suggesting a 73% year-over-year growth. The company concluded 2024 with $102.1 million in cash and no debt, indicating strong financial health. Analysts from Needham noted the removal of a potential regulatory challenge, as the proposed FCC (BME:FCC) TCPA regulation is no longer expected to be implemented, contributing to the positive outlook. EverQuote’s strategic focus on AI and machine learning, along with its expansion into non-auto insurance verticals, has positioned the company for continued growth in the coming quarters.
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