Everbridge (NASDAQ:EVBG) Earns Hold Rating from Analysts at StockNews.com

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

EVBG has been the topic of a number of other reports. Robert W. Baird boosted 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 reissued a hold rating on shares of Everbridge in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $30.40.

Everbridge Price Performance

Shares of NASDAQ EVBG opened at $35.00 on Tuesday. The company has a market capitalization 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 quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.03. Everbridge has a twelve month low of $18.50 and a twelve month high of $36.31. The firm has a fifty day simple moving average of $35.00 and a 200 day simple moving average of $34.71.

Insider Activity at Everbridge

In other Everbridge news, insider Bryan Reed Barney sold 3,276 shares of the firm’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 transaction, the insider now directly owns 18,569 shares of the company’s stock, valued at $649,729.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quest Partners LLC purchased a new stake in Everbridge in the 2nd quarter valued at about $40,000. Paulson & CO. Inc. purchased a new stake in shares of Everbridge during the second quarter valued at approximately $43,000. Longfellow Investment Management Co. LLC increased its position in shares of Everbridge by 65.5% during the second 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Everbridge by 39.9% during the second 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, Mcdonald Capital Investors Inc. CA purchased a new position in Everbridge in the second quarter worth $297,000. Institutional investors own 89.95% of the company’s stock.

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.