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CAMBRIDGE, MA—Julia Brncic, General Counsel at EverQuote , Inc. (NASDAQ:EVER), has sold a portion of her holdings in the company. According to a recent SEC filing, Brncic sold 740 shares of Class A Common Stock on February 19, 2025, at a price of $22.22 per share, amounting to a total of $16,442. The transaction comes as EverQuote’s stock has shown impressive momentum, with a 40% gain over the past year and maintaining strong gross profit margins of 95%.
The transaction was conducted under a Rule 10b5-1 trading plan, which was adopted by Brncic on March 12, 2024. Following this sale, Brncic’s holdings in the company stand at 142,496 shares. With EverQuote’s next earnings report due in 5 days and the company maintaining a "GOOD" financial health rating according to InvestingPro, investors are closely watching the stock’s performance.
Additionally, on February 18, 2025, 1,178 shares were withheld by EverQuote to cover tax obligations related to the vesting of restricted stock units, valued at $21.82 per share, totaling $25,703. This withholding was based on the closing price of EverQuote’s stock on that date, leaving Brncic with 143,236 shares after the transaction.
These transactions reflect routine financial maneuvers by company executives to manage their portfolios and tax obligations.
In other recent news, EverQuote received an upgrade from Raymond (NSE:RYMD) James, raising its stock rating from Outperform to Strong Buy with a new price target of $35.00. This upgrade comes amid potential challenges from an upcoming FCC (BME:FCC) rule change in January 2025, which could impact the company’s revenue growth and increase costs. Despite these challenges, the analyst from Raymond James noted that EverQuote has been delivering solid results throughout the year. The analyst also anticipates increased demand for EverQuote’s leads in 2025 and 2026, as personal lines insurance companies are expected to significantly boost their advertising budgets. Furthermore, EverQuote’s stock is currently trading below the average of its peers in the online marketplace and lead generation sector, based on 2025 estimated Price to Earnings (P/E) and Enterprise Value to Revenue (EV/Revenue) ratios. It is also one of only two stocks within the analyst’s coverage trading at a discount to its 200-day moving average, approximately 16% below, compared to the peer average of around a 4% premium. These developments highlight the company’s current position and prospects in the market.
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