Everbridge (NASDAQ:EVBG) Coverage Initiated at StockNews.com

Analysts at StockNews.com began coverage on shares of Everbridge (NASDAQ:EVBG) in a research report issued on Saturday. The brokerage set a “hold” rating on the technology company’s stock.

Several other equities research analysts have also weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Everbridge in a research note on Monday, May 13th. Robert W. Baird increased their price target on Everbridge from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.40.

Everbridge Stock Up 0.0 %

EVBG stock opened at $35.00 on Friday. The firm has a fifty day moving average price of $34.92 and a two-hundred day moving average price of $33.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.72 and a quick ratio of 0.72. Everbridge has a 1-year low of $18.50 and a 1-year high of $36.31. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -22.44, a PEG ratio of 0.95 and a beta of 0.98.

Insiders Place Their Bets

In other news, insider Bryan Reed Barney sold 3,276 shares of Everbridge stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $34.99, for a total transaction of $114,627.24. Following the sale, the insider now owns 18,569 shares of the company’s stock, valued at $649,729.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC bought a new stake in shares of Everbridge during the second quarter valued at about $40,000. Paulson & CO. Inc. acquired a new position in Everbridge during the 2nd quarter valued at about $43,000. Longfellow Investment Management Co. LLC increased its stake in Everbridge by 65.5% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 2,071 shares of the technology company’s stock valued at $72,000 after buying an additional 820 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Everbridge by 39.9% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,814 shares of the technology company’s stock worth $168,000 after buying an additional 1,372 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its stake in shares of Everbridge by 20.1% in the 4th quarter. Y.D. More Investments Ltd now owns 6,858 shares of the technology company’s stock worth $155,000 after acquiring an additional 1,149 shares during the period. Institutional investors own 89.95% of the company’s stock.

About Everbridge

Everbridge, Inc engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization’s operational response to critical events. Its SaaS-based CEM platform enables customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.