CAMBRIDGE, MA— EverQuote Inch. (NASDAQ:) Director George Neble recently sold 1,250 shares of the company’s Class A common stock. The shares were sold at a weighted average price of $18.18, for a total of approximately $22,725. The company in the insurance market has shown strong performance with a return of 79% over the past year and maintains an impressive gross profit margin of 95%. According to InvestingPro analysis, the overall financial condition of the company was assessed as GOOD. This transaction was completed pursuant to a Rule 10b5-1 trading plan adopted by Neble on June 11, 2024. Following this sale, Neble retains ownership of 53,720 shares in 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 a more in-depth look at EverQuote’s valuation and growth prospects, access the comprehensive Pro Research Report available at InvestingPro.
In other recent news, EverQuote showed significant growth in its financial results in the third quarter of 2024, with total revenues reaching $144.5 million, a 163% year-over-year increase. This increase was primarily driven by a 200% increase in auto insurance income and a 30% increase in home insurance income. Analysts from Raymond (NS:) James upgraded shares of EverQuote to Strong Buy, setting a new price target of $35.00, despite the potential challenges posed by the upcoming FCC (BME:) rule change. Needham maintained a buy rating on EverQuote but lowered its price target to $30, while Canaccord Genuity reaffirmed a buy rating and a $35.00 price target. These recent developments highlight EverQuote’s successful collaborations with major carriers, leading to price changes and new data-driven services. Despite the potential impacts of the new FCC regulations, EverQuote remains bullish on long-term growth, as indicated by their fourth quarter guidance of over 100% growth.
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