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

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

Several other research firms have also recently weighed in on EVBG. Needham & Company LLC restated a hold rating on shares of Everbridge in a research note on Monday, May 13th. Robert W. Baird upped their target price on shares of Everbridge from $29.00 to $35.00 and gave the company a neutral rating in a 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’s stock. According to data from MarketBeat, Everbridge presently has an average rating of Hold and a consensus price target of $30.40.

Everbridge Price Performance

Everbridge stock opened at $35.00 on Friday. The stock has a market cap of $1.46 billion, a PE ratio of -22.44, a P/E/G ratio of 0.95 and a beta of 0.98. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day moving average is $34.97 and its two-hundred day moving average is $34.23. Everbridge has a 1-year low of $18.50 and a 1-year high of $36.31.

Insider Transactions at Everbridge

In related news, insider Bryan Reed Barney sold 3,276 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $34.99, for a total value of $114,627.24. Following the completion of the sale, the insider now owns 18,569 shares in the company, valued at approximately $649,729.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.44% of the company’s stock.

Institutional Trading of Everbridge

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings in shares of Everbridge by 2.3% in the second quarter. AQR Capital Management LLC now owns 40,051 shares of the technology company’s stock valued at $1,391,000 after purchasing an additional 910 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in Everbridge by 39.9% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,814 shares of the technology company’s stock valued at $168,000 after buying an additional 1,372 shares during the period. Paulson & CO. Inc. purchased a new position in Everbridge during the 2nd quarter worth $43,000. Squarepoint Ops LLC lifted its stake in shares of Everbridge by 2,591.5% in the 2nd quarter. Squarepoint Ops LLC now owns 454,843 shares of the technology company’s stock worth $15,915,000 after acquiring an additional 437,944 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Everbridge by 184.6% in the second quarter. Cubist Systematic Strategies LLC now owns 14,286 shares of the technology company’s stock valued at $500,000 after acquiring an additional 9,266 shares in the last quarter. 89.95% of the stock is owned by hedge funds and other institutional investors.

Everbridge Company Profile

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.