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.

A number of other brokerages have also recently commented on EVBG. Needham & Company LLC restated a hold rating on shares of Everbridge in a research note on Monday, May 13th. Robert W. Baird raised their price target on Everbridge from $29.00 to $35.00 and gave the stock a neutral rating in a report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $30.40.

Everbridge Price Performance

EVBG stock opened at $35.00 on Tuesday. The stock has a fifty day moving average of $35.00 and a 200-day moving average of $34.71. Everbridge has a fifty-two week low of $18.50 and a fifty-two week high of $36.31. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -22.44, a PEG ratio of 0.95 and a beta of 0.98. 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 at Everbridge

In other 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 transaction of $114,627.24. Following the sale, the insider now owns 18,569 shares in the company, valued at approximately $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 currently owned by company insiders.

Institutional Investors Weigh In On Everbridge

Large investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC bought a new position in shares of Everbridge during the 1st quarter valued at $15,842,000. Squarepoint Ops LLC boosted its position in Everbridge by 2,591.5% during the second quarter. Squarepoint Ops LLC now owns 454,843 shares of the technology company’s stock valued at $15,915,000 after buying an additional 437,944 shares during the period. Gardner Lewis Asset Management L P bought a new position in shares of Everbridge during the second quarter valued at about $11,356,000. Norges Bank purchased a new position in shares of Everbridge in the fourth quarter worth about $7,016,000. Finally, Harber Asset Management LLC lifted its stake in shares of Everbridge by 49.4% in the 4th quarter. Harber Asset Management LLC now owns 554,932 shares of the technology company’s stock valued at $13,490,000 after acquiring an additional 183,471 shares during the last quarter. Hedge funds and other 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.