Everbridge, Inc. (NASDAQ:EVBG) Receives Average Rating of “Reduce” from Analysts

Shares of Everbridge, Inc. (NASDAQ:EVBG) have earned an average recommendation of “Reduce” from the eight brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $30.40.

Separately, StockNews.com started coverage on Everbridge in a research note on Wednesday. They issued a “hold” rating for the company.

Insider Buying and Selling

In related news, insider Bryan Reed Barney sold 3,276 shares of the stock in a transaction 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 in the company, valued at approximately $649,729.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is currently owned by company insiders.

Institutional Trading of Everbridge

Institutional investors and hedge funds have recently made changes to their positions in the business. Swiss National Bank raised its position in Everbridge by 0.9% during the 1st quarter. Swiss National Bank now owns 81,100 shares of the technology company’s stock valued at $2,825,000 after purchasing an additional 700 shares in the last quarter. Longfellow Investment Management Co. LLC grew its holdings 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 worth $72,000 after acquiring an additional 820 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Everbridge by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,005 shares of the technology company’s stock valued at $315,000 after purchasing an additional 836 shares during the period. AQR Capital Management LLC raised its holdings in shares of Everbridge by 2.3% in the 2nd 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 in the last quarter. Finally, Kennedy Capital Management LLC lifted its position in shares of Everbridge by 2.3% in the 1st quarter. Kennedy Capital Management LLC now owns 46,961 shares of the technology company’s stock worth $1,636,000 after purchasing an additional 1,070 shares during the period. 89.95% of the stock is currently owned by institutional investors.

Everbridge Stock Performance

Shares of Everbridge stock opened at $35.00 on Friday. Everbridge has a fifty-two week low of $18.50 and a fifty-two 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. The company has a market capitalization 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 company has a fifty day moving average of $35.00 and a 200 day moving average of $34.89.

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.