CAMBRIDGE, MA— EverQuote Inc. (NASDAQ:) Director George Neble recently sold 1,250 shares of the company’s Class A common stock. The shares sold at a weighted average price of $18.18, for a total of approximately $22,725. The insurance market company has demonstrated strong performance with a return of 79% over the past year and maintains impressive gross profit margins of 95%. According to InvestingPro analysis, the company’s overall financial health is rated as GOOD. This transaction was executed pursuant to a Rule 10b5-1 business plan that Neble adopted on June 11, 2024. Following this sale, Neble retains ownership of 53,720 shares of the company. The sale was made in multiple transactions with prices ranging from $18.04 to $18.38. Analysts maintain a positive outlook on EverQuote, with price targets ranging from $25 to $35 per share. For more detailed information on EverQuote’s valuation and growth prospects, access the comprehensive Pro Research Report available at InvestingPro.
In other recent news, EverQuote has demonstrated significant growth in its Q3 2024 financial results, with total revenue reaching $144.5 million, an increase of 163% year-over-year. This increase was primarily due to a 200% increase in auto insurance revenue and a 30% increase in home insurance revenue. Analysts of raimon (NS:) James has upgraded EverQuote stock to a Strong Buy, setting a new price target of $35.00, despite potential challenges posed by an upcoming FCC (BME 🙂 change of rules. Needham maintained its Buy rating at EverQuote but lowered the price target to $30, while Canaccord Genuity reaffirmed a Buy rating and $35.00 price target. These recent developments highlight EverQuote’s successful collaborations with large carriers, leading to data-driven pricing changes and new service offerings. Despite the potential impacts of new FCC regulations, EverQuote remains optimistic about long-term growth, as indicated in its fourth-quarter guidance that anticipates over 100% growth.
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