CAMBRIDGE, MA— EverQuote Inc. (NASDAQ:) Director George Neble recently sold 1,250 shares of the company's Common Stock Class. The shares were traded at an average price of $18.18, for a total of $22,725. The marketplace insurance company has shown strong performance with a return of 79% over the past year and has maintained impressive profit margins of 95%. According to InvestingPro analysis, the company's overall financial health is rated as GOOD. The transaction was made under the 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 carried out in several 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 in-depth insight into EverQuote's valuation and growth, access the comprehensive Pro Research Report available InvestingPro.
In other recent news, EverQuote showed significant growth in its Q3 2024 financial results, with total revenue reaching $144.5 million, a 163% year-over-year increase. This improvement is primarily driven by a 200% increase in motor insurance revenue and a 30% increase in home insurance revenue. Commentators from Raymond (NS:) James upgraded EverQuote's stock rating to Strong Buy, setting a new target price of $35.00, despite potential challenges ahead. FCC (BME:) rule change. Needham maintained its Buy rating on EverQuote but lowered its price target to $30, while Canaccord Genuity reaffirmed a Buy rating and a $35.00 price target. This latest development highlights EverQuote's successful partnerships with major carriers, resulting in data-driven pricing innovations and innovative service offerings. Despite the potential impact of the new FCC regulations, EverQuote remains optimistic about long-term growth, as reflected in their Q4 guidance expecting growth of over 100%.
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