Everbridge (NASDAQ:EVBG) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Everbridge (NASDAQ:EVBG) in a research report released on Thursday. The firm issued a hold rating on the technology company’s stock.

EVBG has been the subject of several other research reports. Truist Financial upped their price objective on shares of Everbridge from $20.00 to $35.00 and gave the company a hold rating in a research note on Monday, March 4th. Needham & Company LLC reissued a hold rating on shares of Everbridge in a report on Monday, May 13th. Canaccord Genuity Group raised their target price on shares of Everbridge from $28.60 to $35.00 and gave the stock a hold rating in a research report on Monday, March 4th. Raymond James reiterated a market perform rating on shares of Everbridge in a research report on Wednesday, February 7th. Finally, Robert W. Baird raised their price objective on shares of Everbridge from $29.00 to $35.00 and gave the stock a neutral rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $29.75.

Everbridge Stock Performance

NASDAQ:EVBG opened at $34.74 on Thursday. The company has a 50 day moving average price of $34.80 and a 200 day moving average price of $29.44. 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 stock has a market capitalization of $1.45 billion, a P/E ratio of -22.27, a PEG ratio of 0.94 and a beta of 1.01.

Everbridge (NASDAQ:EVBG) last posted 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 positive return on equity of 5.26% and a negative net margin of 11.67%. The company had revenue of $111.43 million for the quarter, compared to analysts’ expectations of $111.90 million. Equities research analysts forecast that Everbridge will post 0.78 EPS for the current year.

Insiders Place Their Bets

In related news, insider Bryan Reed Barney sold 3,344 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $34.84, for a total transaction of $116,504.96. Following the transaction, the insider now directly owns 15,595 shares of the company’s stock, valued at $543,329.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Everbridge

Large investors have recently made changes to their positions in the company. Y.D. More Investments Ltd increased its position in Everbridge by 20.1% during the fourth quarter. Y.D. More Investments Ltd now owns 6,858 shares of the technology company’s stock worth $155,000 after buying an additional 1,149 shares during the last quarter. Syon Capital LLC bought a new position in shares of Everbridge in the 4th quarter valued at approximately $219,000. Diversified Trust Co acquired a new stake in Everbridge in the 4th quarter worth approximately $277,000. Versor Investments LP bought a new stake in Everbridge during the fourth quarter worth approximately $363,000. Finally, Principal Financial Group Inc. grew its holdings in Everbridge by 32.3% during the third quarter. Principal Financial Group Inc. now owns 18,518 shares of the technology company’s stock valued at $415,000 after purchasing an additional 4,526 shares during the last quarter. 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.