Everbridge, Inc. (NASDAQ:EVBG) Short Interest Up 14.5% in June

Everbridge, Inc. (NASDAQ:EVBG) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,500,000 shares, a growth of 14.5% from the May 31st total of 1,310,000 shares. Based on an average daily volume of 620,900 shares, the days-to-cover ratio is currently 2.4 days.

Analyst Ratings Changes

A number of analysts have commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Everbridge in a research report on Monday, May 13th. StockNews.com initiated coverage on Everbridge in a research report on Sunday. They set a “hold” rating on the stock. Finally, Robert W. Baird boosted their price objective on 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 ten have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $29.75.

Everbridge Price Performance

Shares of Everbridge stock remained flat at $35.00 during mid-day trading on Wednesday. The company has a fifty day simple moving average of $34.77 and a 200-day simple moving average of $30.99. Everbridge has a one year low of $18.50 and a one year high of $36.31. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.03.

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

Insider Buying and Selling at Everbridge

In other news, insider Bryan Reed Barney sold 3,276 shares of Everbridge 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 transaction, the insider now 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 SEC, which can be accessed through this link. Insiders own 0.44% of the company’s stock.

Institutional Trading of Everbridge

Several large investors have recently bought and sold shares of EVBG. Y.D. More Investments Ltd lifted its stake in Everbridge by 20.1% in the 4th quarter. Y.D. More Investments Ltd now owns 6,858 shares of the technology company’s stock worth $155,000 after purchasing an additional 1,149 shares in the last quarter. Syon Capital LLC acquired a new position in Everbridge during the fourth quarter worth $219,000. Diversified Trust Co purchased a new stake in shares of Everbridge in the fourth quarter valued at about $277,000. Versor Investments LP purchased a new position in Everbridge during the fourth quarter worth about $363,000. Finally, Hsbc Holdings PLC boosted its holdings in Everbridge by 112.3% in the 3rd quarter. Hsbc Holdings PLC now owns 19,706 shares of the technology company’s stock valued at $442,000 after purchasing an additional 10,425 shares during the last quarter. Hedge funds and other institutional investors own 89.95% of the company’s stock.

About Everbridge

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.