Boothbay Fund Management LLC Trims Stock Position in EverQuote, Inc. (NASDAQ:EVER)

Boothbay Fund Management LLC decreased its holdings in EverQuote, Inc. (NASDAQ:EVER) by 43.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,392 shares of the company’s stock after selling 37,875 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.14% of EverQuote worth $967,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Legal & General Group Plc grew its holdings in EverQuote by 4.8% in the fourth quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock valued at $439,000 after purchasing an additional 1,012 shares during the period. Rhumbline Advisers grew its stake in shares of EverQuote by 4.0% during the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after buying an additional 1,332 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of EverQuote by 2.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company’s stock worth $1,111,000 after buying an additional 1,500 shares during the last quarter. R Squared Ltd purchased a new position in shares of EverQuote in the 4th quarter worth $34,000. Finally, Tower Research Capital LLC TRC boosted its holdings in EverQuote by 23.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company’s stock valued at $179,000 after acquiring an additional 1,724 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on EVER. Canaccord Genuity Group dropped their price target on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $32.33.

Insider Activity

In other EverQuote news, CTO David Brainard sold 6,609 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $21.49, for a total transaction of $142,027.41. Following the completion of the sale, the chief technology officer now owns 156,783 shares in the company, valued at $3,369,266.67. This trade represents a 4.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the transaction, the insider now directly owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 193,967 shares of company stock worth $5,278,231 over the last ninety days. Corporate insiders own 29.79% of the company’s stock.

EverQuote Stock Performance

EverQuote stock opened at $23.73 on Wednesday. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The stock’s 50 day moving average price is $24.50 and its 200 day moving average price is $21.06. The firm has a market capitalization of $847.73 million, a PE ratio of 69.79 and a beta of 0.77.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million during the quarter, compared to the consensus estimate of $133.83 million. On average, analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

EverQuote Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.