Everbridge (NASDAQ:EVBG) Earns “Hold” Rating from Needham & Company LLC

Everbridge (NASDAQ:EVBGGet Free Report)‘s stock had its “hold” rating reiterated by equities research analysts at Needham & Company LLC in a research report issued on Monday, Benzinga reports.

EVBG has been the subject of several other research reports. William Blair reissued an “outperform” rating on shares of Everbridge in a research report on Friday, November 10th. The Goldman Sachs Group dropped their price target on shares of Everbridge from $27.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 10th. Truist Financial dropped their price target on shares of Everbridge from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, November 10th. Raymond James dropped their target price on shares of Everbridge from $30.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. Finally, Wells Fargo & Company cut shares of Everbridge from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.33.

Read Our Latest Report on Everbridge

Everbridge Price Performance

Shares of NASDAQ:EVBG opened at $28.15 on Monday. The company’s fifty day moving average price is $22.88 and its 200-day moving average price is $22.94. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -25.36, a PEG ratio of 0.62 and a beta of 0.89. Everbridge has a one year low of $18.50 and a one year high of $35.55. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.85.

Everbridge (NASDAQ:EVBGGet Free Report) last released its earnings results on Thursday, November 9th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.10 by $0.17. Everbridge had a negative net margin of 2.63% and a positive return on equity of 6.62%. The company had revenue of $114.19 million for the quarter, compared to analyst estimates of $113.65 million. On average, equities research analysts anticipate that Everbridge will post 0.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Everbridge

In other Everbridge news, insider Bryan Reed Barney sold 7,509 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $23.52, for a total transaction of $176,611.68. Following the completion of the sale, the insider now directly owns 18,221 shares in the company, valued at approximately $428,557.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, 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 completion of the sale, the chief financial officer now directly owns 124,985 shares in the company, valued at $2,848,408.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the insider now owns 18,221 shares of the company’s stock, valued at $428,557.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,088 shares of company stock worth $373,739. 0.56% of the stock is owned by corporate insiders.

Institutional Trading of Everbridge

Several large investors have recently added to or reduced their stakes in EVBG. PNC Financial Services Group Inc. boosted its position 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 worth $25,000 after acquiring an additional 491 shares during the last quarter. State of Wyoming bought a new position in shares of Everbridge during the fourth quarter worth $28,000. Coppell Advisory Solutions Corp. bought a new position in shares of Everbridge during the fourth quarter worth $45,000. Point72 Middle East FZE bought a new position in shares of Everbridge during the fourth quarter worth $49,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Everbridge during the second quarter worth $52,000. 91.44% of the stock is currently owned by institutional investors.

Everbridge Company Profile

(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.

See Also

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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