Everbridge, Inc. (NASDAQ:EVBG) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in Everbridge, Inc. (NASDAQ:EVBG – Get Rating) by 16.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 55,357 shares of the technology company’s stock after buying an additional 7,943 shares during the period. Russell Investments Group Ltd.’s holdings in Everbridge were worth $1,637,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System boosted its stake in Everbridge by 4.3% during the 4th quarter. Arizona State Retirement System now owns 11,211 shares of the technology company’s stock valued at $332,000 after purchasing an additional 466 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in Everbridge during the 4th quarter valued at about $296,000. LPL Financial LLC boosted its stake in Everbridge by 17.0% during the 4th quarter. LPL Financial LLC now owns 16,278 shares of the technology company’s stock valued at $482,000 after purchasing an additional 2,367 shares during the period. Y.D. More Investments Ltd acquired a new position in Everbridge during the 4th quarter valued at about $39,000. Finally, Loup Funds LLC acquired a new position in Everbridge during the 4th quarter valued at about $8,437,000. 91.78% of the stock is owned by institutional investors and hedge funds.

Everbridge Stock Down 2.1 %

NASDAQ EVBG opened at $24.30 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.27 and a quick ratio of 1.27. The company’s 50 day simple moving average is $29.11 and its 200 day simple moving average is $30.43. Everbridge, Inc. has a 12 month low of $22.76 and a 12 month high of $43.67. The company has a market capitalization of $985.37 million, a P/E ratio of -12.27, a PEG ratio of 2.83 and a beta of 0.82.

Everbridge (NASDAQ:EVBG – Get Rating) last released its earnings results on Tuesday, May 9th. The technology company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.15. Everbridge had a negative net margin of 12.90% and a negative return on equity of 3.52%. The business had revenue of $108.27 million for the quarter, compared to the consensus estimate of $106.39 million. Equities research analysts expect that Everbridge, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Patrick Brickley sold 1,554 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $25.77, for a total value of $40,046.58. Following the sale, the chief financial officer now directly owns 123,086 shares in the company, valued at approximately $3,171,926.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EVBG. Truist Financial reduced their target price on shares of Everbridge from $32.00 to $27.00 in a research note on Wednesday, May 10th. Raymond James boosted their target price on shares of Everbridge from $32.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. Stephens lowered shares of Everbridge from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $41.00 to $34.00 in a research note on Friday, April 21st. StockNews.com assumed coverage on shares of Everbridge in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Robert W. Baird reduced their price target on shares of Everbridge from $34.00 to $28.00 in a research note on Wednesday, May 10th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $32.63.

Everbridge Profile

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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.