EverQuote, Inc. (NASDAQ:EVER) Stake Reduced by Boothbay Fund Management LLC

Boothbay Fund Management LLC lessened its position in EverQuote, Inc. (NASDAQ:EVER - Free Report) by 43.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,392 shares of the company's stock after selling 37,875 shares during the period. Boothbay Fund Management LLC owned about 0.14% of EverQuote worth $967,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Nebula Research & Development LLC acquired a new position in shares of EverQuote in the 4th quarter valued at $378,000. Voya Investment Management LLC purchased a new stake in shares of EverQuote in the fourth quarter worth about $298,000. Dark Forest Capital Management LP acquired a new stake in shares of EverQuote in the fourth quarter valued at about $518,000. Hsbc Holdings PLC raised its holdings in shares of EverQuote by 37.1% during the 4th quarter. Hsbc Holdings PLC now owns 29,363 shares of the company's stock valued at $578,000 after buying an additional 7,944 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in EverQuote by 23.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company's stock worth $179,000 after acquiring an additional 1,724 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EVER. JPMorgan Chase & Co. lifted their price objective on shares of EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Needham & Company LLC lifted their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Finally, Canaccord Genuity Group cut their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Five 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 target price of $32.33.

Insider Buying and Selling at EverQuote

In other EverQuote news, CTO David Brainard sold 6,609 shares of the business's stock in a transaction on Thursday, February 20th. The shares were 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. The trade was a 4.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ventures Lllp Link sold 1,022 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of the transaction, the insider now 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 have sold 193,967 shares of company stock worth $5,278,231 over the last quarter. 29.79% of the stock is owned by corporate insiders.

EverQuote Stock Performance

Shares of EVER stock traded up $0.49 during mid-day trading on Friday, reaching $26.71. 967,955 shares of the company were exchanged, compared to its average volume of 551,301. The business's 50 day simple moving average is $24.71 and its 200 day simple moving average is $21.17. The company has a market capitalization of $954.19 million, a P/E ratio of 78.56 and a beta of 0.77. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03.

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

About EverQuote

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.