Vanguard Group Inc. Acquires 163,180 Shares of Everbridge, Inc. (NASDAQ:EVBG)

Vanguard Group Inc. lifted its holdings in Everbridge, Inc. (NASDAQ:EVBG) by 2.8% in the fourth quarter, Holdings Channel reports. The fund owned 5,960,756 shares of the technology company’s stock after purchasing an additional 163,180 shares during the quarter. Vanguard Group Inc. owned approximately 0.14% of Everbridge worth $144,906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Syon Capital LLC purchased a new position in shares of Everbridge in the 4th quarter worth approximately $219,000. Kent Lake Capital LLC purchased a new position in Everbridge during the fourth quarter worth $6,078,000. Nebula Research & Development LLC bought a new position in Everbridge during the fourth quarter valued at $919,000. Harber Asset Management LLC raised its stake in shares of Everbridge by 49.4% in the fourth 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 period. Finally, Invenomic Capital Management LP bought a new stake in shares of Everbridge in the 4th quarter worth about $2,724,000. Hedge funds and other institutional investors own 89.95% of the company’s stock.

Everbridge Stock Performance

EVBG opened at $35.00 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.03. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -22.44, a PEG ratio of 0.95 and a beta of 0.98. Everbridge, Inc. has a 12 month low of $18.50 and a 12 month high of $36.31. The stock has a fifty day moving average price of $34.78 and a 200-day moving average price of $31.05.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.21). Everbridge had a positive return on equity of 5.26% and a negative net margin of 11.67%. The firm had revenue of $111.43 million for the quarter, compared to the consensus estimate of $111.90 million. As a group, equities research analysts anticipate that Everbridge, Inc. will post 0.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Bryan Reed Barney sold 3,276 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 18,569 shares of the company’s stock, valued at approximately $649,729.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Everbridge from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Needham & Company LLC reiterated a “hold” rating on shares of Everbridge in a report on Monday, May 13th. Finally, StockNews.com assumed coverage on Everbridge in a report on Sunday, June 30th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. Based on data from MarketBeat, Everbridge presently has a consensus rating of “Hold” and a consensus target price of $29.75.

Everbridge 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.