StockNews.com Begins Coverage on Everbridge (NASDAQ:EVBG)

StockNews.com started coverage on shares of Everbridge (NASDAQ:EVBG) in a report issued on Sunday morning. The brokerage issued a hold rating on the technology company’s stock.

Other research analysts have also recently issued reports about the company. Robert W. Baird raised their price objective on Everbridge from $29.00 to $35.00 and gave the company a neutral rating in a research note on Tuesday, May 14th. Needham & Company LLC restated a hold rating on shares of Everbridge in a report on Monday, May 13th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, Everbridge has an average rating of Hold and an average price target of $30.40.

Everbridge Price Performance

EVBG stock opened at $35.00 on Friday. The firm has a market cap of $1.46 billion, a P/E ratio of -22.44, a P/E/G ratio of 0.95 and a beta of 0.98. The firm’s fifty day moving average is $34.96 and its 200 day moving average is $34.23. Everbridge has a 52 week low of $18.50 and a 52 week high of $36.31. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.72 and a current ratio of 0.72.

Insider Buying and Selling

In other Everbridge news, insider Bryan Reed Barney sold 3,276 shares of the company’s 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 completion of the transaction, the insider now owns 18,569 shares of the company’s stock, valued at approximately $649,729.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EVBG. Quest Partners LLC purchased a new stake in shares of Everbridge in the 2nd quarter worth about $40,000. Paulson & CO. Inc. purchased a new stake in Everbridge in the second quarter worth about $43,000. Longfellow Investment Management Co. LLC boosted its position 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 acquiring an additional 820 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings 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 acquiring an additional 1,372 shares during the period. Finally, Y.D. More Investments Ltd raised its position 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 in the last quarter. 89.95% of the stock is owned by hedge funds and other institutional investors.

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.