Mirae Asset Global Investments Co. Ltd. Decreases Position in Everbridge, Inc. (NASDAQ:EVBG)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Everbridge, Inc. (NASDAQ:EVBGGet Rating) by 7.2% during the first quarter, Holdings Channel reports. The firm owned 366,762 shares of the technology company’s stock after selling 28,635 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Everbridge were worth $16,006,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Prospera Financial Services Inc purchased a new stake in Everbridge during the first quarter worth $27,000. Signaturefd LLC raised its holdings in shares of Everbridge by 571.0% in the first quarter. Signaturefd LLC now owns 1,181 shares of the technology company’s stock worth $52,000 after acquiring an additional 1,005 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Everbridge in the first quarter worth $90,000. MetLife Investment Management LLC acquired a new position in shares of Everbridge in the first quarter worth $111,000. Finally, HighTower Advisors LLC raised its holdings in shares of Everbridge by 37.8% in the fourth quarter. HighTower Advisors LLC now owns 3,163 shares of the technology company’s stock worth $210,000 after acquiring an additional 868 shares during the last quarter. 96.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EVBG shares. Canaccord Genuity Group cut their price target on Everbridge from $59.00 to $55.00 in a report on Thursday, August 11th. StockNews.com cut Everbridge from a “hold” rating to a “sell” rating in a report on Monday, August 29th. Stifel Nicolaus boosted their price target on Everbridge from $32.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, August 26th. Truist Financial upped their target price on Everbridge from $31.00 to $38.00 and gave the company a “hold” rating in a research note on Tuesday, August 30th. Finally, Raymond James dropped their target price on Everbridge from $45.00 to $38.00 in a research note on Wednesday, August 10th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.54.

Everbridge Price Performance

Shares of NASDAQ EVBG opened at $36.06 on Monday. Everbridge, Inc. has a 1-year low of $24.10 and a 1-year high of $164.49. The business has a 50-day moving average of $33.39 and a 200-day moving average of $37.45. The company has a debt-to-equity ratio of 3.08, a current ratio of 2.13 and a quick ratio of 2.13. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -14.96 and a beta of 0.69.

Everbridge (NASDAQ:EVBGGet Rating) last issued its earnings results on Tuesday, August 9th. The technology company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.29. Everbridge had a negative return on equity of 10.40% and a negative net margin of 23.44%. The company had revenue of $103.00 million during the quarter, compared to the consensus estimate of $102.02 million. During the same quarter in the prior year, the business earned ($0.38) earnings per share. The company’s revenue was up 18.9% compared to the same quarter last year. On average, equities analysts anticipate that Everbridge, Inc. will post -0.97 EPS for the current fiscal year.

About Everbridge

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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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Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

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