Everbridge (NASDAQ:EVBG) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Everbridge (NASDAQ:EVBGGet Free Report) in a note issued to investors on Wednesday. The firm set a “hold” rating on the technology company’s stock.

A number of other analysts have also issued reports on the company. William Blair lowered Everbridge from an “outperform” rating to a “market perform” rating in a research note on Monday, February 5th. Needham & Company LLC reiterated a “hold” rating on shares of Everbridge in a research note on Monday, February 5th. Raymond James reiterated a “market perform” rating on shares of Everbridge in a research note on Wednesday, February 7th. Canaccord Genuity Group upped their target price on Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a research note on Monday, March 4th. Finally, Wells Fargo & Company upgraded Everbridge from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Check Out Our Latest Research Report on EVBG

Everbridge Stock Performance

Shares of EVBG opened at $34.90 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.74 and a quick ratio of 0.74. Everbridge has a 1 year low of $18.50 and a 1 year high of $35.70. The firm has a market cap of $1.45 billion, a PE ratio of -24.41, a PEG ratio of 0.94 and a beta of 0.96. The stock’s fifty day moving average price is $30.43 and its two-hundred day moving average price is $24.86.

Everbridge (NASDAQ:EVBGGet Free Report) last released its quarterly earnings data on Monday, February 26th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. The company had revenue of $115.76 million for the quarter, compared to the consensus estimate of $114.70 million. On average, equities research analysts forecast that Everbridge will post 0.78 EPS for the current year.

Insider Transactions at Everbridge

In other news, insider Bryan Reed Barney sold 3,344 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $34.84, for a total value of $116,504.96. Following the completion of the transaction, the insider now directly owns 15,595 shares in the company, valued at approximately $543,329.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Bryan Reed Barney sold 3,344 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $34.84, for a total value of $116,504.96. Following the completion of the transaction, the insider now directly owns 15,595 shares in the company, valued at approximately $543,329.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patrick Brickley sold 6,360 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $22.79, for a total value of $144,944.40. Following the completion of the transaction, the chief financial officer now owns 124,985 shares of the company’s stock, valued at $2,848,408.15. The disclosure for this sale can be found here. In the last three months, insiders sold 10,747 shares of company stock worth $289,103. 0.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everbridge

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Everbridge by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 5,960,756 shares of the technology company’s stock valued at $144,906,000 after acquiring an additional 163,180 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Everbridge by 6.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 150,220 shares of the technology company’s stock valued at $3,652,000 after acquiring an additional 9,350 shares during the period. Syon Capital LLC purchased a new stake in Everbridge during the 4th quarter valued at about $219,000. Barclays PLC boosted its holdings in Everbridge by 289.4% during the 4th quarter. Barclays PLC now owns 73,732 shares of the technology company’s stock valued at $1,792,000 after acquiring an additional 54,799 shares during the period. Finally, Voloridge Investment Management LLC boosted its holdings in Everbridge by 31.7% during the 4th quarter. Voloridge Investment Management LLC now owns 163,072 shares of the technology company’s stock valued at $3,964,000 after acquiring an additional 39,265 shares during the period. 89.95% of the stock is currently owned by hedge funds and other institutional investors.

About Everbridge

(Get Free Report)

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.

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Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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