Canaccord Genuity Group Reiterates “Hold” Rating for Everbridge (NASDAQ:EVBG)

Everbridge (NASDAQ:EVBGGet Free Report)‘s stock had its “hold” rating reissued by investment analysts at Canaccord Genuity Group in a research report issued on Monday, Benzinga reports. They currently have a $28.60 price target on the technology company’s stock. Canaccord Genuity Group’s price objective suggests a potential upside of 1.60% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Truist Financial lowered their price target on Everbridge from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, November 10th. The Goldman Sachs Group lowered their price target on Everbridge from $27.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 10th. William Blair restated an “outperform” rating on shares of Everbridge in a research report on Friday, November 10th. Raymond James decreased their price objective on Everbridge from $30.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Everbridge in a report on Monday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.33.

Read Our Latest Analysis on EVBG

Everbridge Price Performance

Everbridge stock opened at $28.15 on Monday. Everbridge has a one year low of $18.50 and a one year high of $35.55. The business has a fifty day moving average price of $22.88 and a 200-day moving average price of $22.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $1.16 billion, a P/E ratio of -25.36, a PEG ratio of 0.62 and a beta of 0.89.

Everbridge (NASDAQ:EVBGGet Free Report) last posted its quarterly earnings results on Thursday, November 9th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.17. Everbridge had a positive return on equity of 6.62% and a negative net margin of 2.63%. The firm had revenue of $114.19 million during the quarter, compared to analyst estimates of $113.65 million. As a group, equities research analysts forecast that Everbridge will post 0.44 EPS for the current year.

Insider Buying and Selling

In related news, CFO Patrick Brickley sold 6,360 shares of the firm’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 sale, the chief financial officer now directly owns 124,985 shares of the company’s stock, valued at $2,848,408.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Everbridge news, insider Bryan Reed Barney sold 7,509 shares of Everbridge stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $23.52, for a total transaction of $176,611.68. Following the sale, the insider now directly owns 18,221 shares of the company’s stock, valued at approximately $428,557.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $22.79, for a total value of $144,944.40. Following the sale, the chief financial officer now directly owns 124,985 shares in the company, valued at $2,848,408.15. The disclosure for this sale can be found here. Insiders have sold 16,088 shares of company stock valued at $373,739 over the last ninety days. 0.56% of the stock is owned by insiders.

Institutional Trading of Everbridge

Several large investors have recently bought and sold shares of EVBG. PNC Financial Services Group Inc. lifted its holdings in shares of Everbridge by 140.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 841 shares of the technology company’s stock valued at $25,000 after purchasing an additional 491 shares during the last quarter. State of Wyoming purchased a new position in shares of Everbridge during the fourth quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Everbridge during the fourth quarter valued at approximately $45,000. Point72 Middle East FZE purchased a new position in shares of Everbridge during the fourth quarter valued at approximately $49,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Everbridge during the second quarter valued at approximately $52,000. 91.44% of the stock is owned by 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.

Further Reading

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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