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CAMBRIDGE, MA—Jon Ayotte, the Chief Accounting Officer of EverQuote , Inc. (NASDAQ:EVER), executed a sale of 7,647 shares of Class A Common Stock on February 27, 2025. The shares were sold at a price of $25.72 each, resulting in a total transaction value of $196,680. The transaction comes as EverQuote’s stock trades near its 52-week high of $28.09, having gained over 61% in the past year. According to InvestingPro analysis, the company maintains a GREAT financial health score, with more cash than debt on its balance sheet. Following this sale, Ayotte retains ownership of 58,045 shares in the company. This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. InvestingPro subscribers have access to 13 additional key insights about EverQuote, including detailed valuation metrics and comprehensive financial analysis through the Pro Research Report, which helps investors make more informed decisions about this nearly $1 billion market cap company.
In other recent news, EverQuote has reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.33 compared to the anticipated $0.19. Revenue for the quarter reached $147.5 million, exceeding the forecasted $133.77 million, marking a 165% year-over-year increase. For the full year 2024, EverQuote’s revenue totaled $500 million, representing a 74% increase over 2023. The company 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, EverQuote has projected first-quarter 2025 revenue between $155 million and $160 million, indicating a 73% year-over-year growth. In response to these strong financial results, Needham analysts have raised their price target for EverQuote shares to $38 from the previous $30, maintaining a Buy rating. The removal of a potential regulatory challenge, specifically the FCC (BME:FCC) TCPA regulation, has also contributed to a positive outlook for the company.
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