CAMBRIDGE, Mass., Aug. 11, 2025 (GLOBE NEWSWIRE) -- EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced that it has agreed to repurchase an aggregate of 900,000 shares of its Class A common stock, resulting in an aggregate repurchase price of $21 million (the “Repurchase”) from Link Ventures, which is an entity affiliated with funds advised by David Blundin, EverQuote’s Chairman and Co-Founder, and other affiliated entities of Mr. Blundin. The transaction was executed on a price per share of $23.33, which represents a 1.75% discount to Friday’s closing price and a 3.96% discount on the Company’s 10-day volume-weight average price on August 8, 2025, and comes in part of the $50 million share repurchase program announced on August 4, 2025.
Related Questions
What is the expected short‑term impact of the $21 million repurchase on EverQuote’s share price and trading volume?
How does the 1.75 % discount to the prior close compare to typical buyback pricing in the industry?
What is the rationale for targeting 900,000 shares now versus a larger portion of the $50 million program announced on August 4?
How will this repurchase affect EverQuote’s free‑float and liquidity metrics?
What are the implications for earnings per share (EPS) and valuation multiples once the shares are retired?
How does the involvement of Link Ventures and David Blundin’s affiliated entities influence market perception of insider sentiment?
Will the cash outlay of $21 million materially impact EverQuote’s balance sheet and future capital‑allocation plans, such as growth initiatives or dividend policy?
Are there any tax or regulatory considerations for shareholders participating in this buyback?
How does this repurchase program compare to recent buybacks by peer online insurance marketplaces?
What is the anticipated effect of the repurchase on short‑term volatility and liquidity risk for the stock?