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

Analysts at StockNews.com initiated coverage on shares of Everbridge (NASDAQ:EVBG) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the technology company’s stock.

EVBG has been the subject of several other reports. Wells Fargo & Company upgraded shares of Everbridge from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, February 6th. William Blair downgraded shares of Everbridge from an “outperform” rating to a “market perform” rating in a report on Monday, February 5th. Truist Financial lifted their price target on shares of Everbridge from $20.00 to $35.00 and gave the company a “hold” rating in a report on Monday, March 4th. Raymond James reaffirmed a “market perform” rating on shares of Everbridge in a report on Wednesday, February 7th. Finally, Canaccord Genuity Group lifted their price target on shares of Everbridge from $28.60 to $35.00 and gave the company a “hold” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.75.

Everbridge Stock Performance

Shares of NASDAQ EVBG opened at $34.78 on Wednesday. The firm has a 50 day moving average of $34.81 and a 200 day moving average of $28.71. 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 capitalization of $1.45 billion, a price-to-earnings ratio of -22.29, a price-to-earnings-growth ratio of 0.94 and a beta of 0.95. Everbridge has a 12-month low of $18.50 and a 12-month high of $36.31.

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

Insider Transactions at Everbridge

In other news, insider Bryan Reed Barney sold 3,344 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $34.84, for a total value of $116,504.96. Following the transaction, the insider now owns 15,595 shares of the company’s stock, valued at $543,329.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Everbridge

A number of hedge funds have recently bought and sold shares of the business. Kennedy Capital Management LLC raised its stake in Everbridge by 2.3% during the first quarter. Kennedy Capital Management LLC now owns 46,961 shares of the technology company’s stock valued at $1,636,000 after purchasing an additional 1,070 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Everbridge during the first quarter valued at $639,000. Beryl Capital Management LLC bought a new position in Everbridge during the first quarter valued at $3,762,000. Blackstone Inc. bought a new position in Everbridge during the first quarter valued at $690,000. Finally, Price T Rowe Associates Inc. MD increased its position in Everbridge by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,173 shares of the technology company’s stock valued at $773,000 after acquiring an additional 1,370 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.