Everbridge (NASDAQ:EVBG – Free Report) had its price target boosted by Robert W. Baird from $21.00 to $29.00 in a research report released on Tuesday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the technology company’s stock.
Several other research analysts have also recently commented on the stock. William Blair reiterated a market perform rating on shares of Everbridge in a report on Monday. Truist Financial reduced 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. Needham & Company LLC reissued a hold rating on shares of Everbridge in a research report on Monday. Raymond James reduced their price target 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, Canaccord Genuity Group reissued a hold rating and issued a $28.60 price target on shares of Everbridge in a research report on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $26.33.
Everbridge Stock Performance
Everbridge (NASDAQ:EVBG – Get Free Report) last announced its earnings results on Thursday, November 9th. The technology company reported $0.27 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $113.65 million. Analysts forecast that Everbridge will post 0.44 earnings per share for the current fiscal year.
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 transaction, the chief financial officer now 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 SEC, which is available at the SEC website. In other news, CFO Patrick Brickley sold 6,360 shares of the firm’s stock in a transaction 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 owns 124,985 shares in the company, valued at $2,848,408.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bryan Reed Barney sold 7,509 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $428,557.92. The disclosure for this sale can be found here. Insiders have sold a total of 16,088 shares of company stock valued at $373,739 over the last 90 days. 0.44% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Everbridge
Several hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in shares of Everbridge by 140.3% in the 4th 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 in the last quarter. State of Wyoming acquired a new stake in shares of Everbridge in the 4th quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Everbridge in the 4th quarter valued at approximately $45,000. Point72 Middle East FZE bought a new stake in Everbridge during the 4th quarter worth approximately $49,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Everbridge during the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 91.44% 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.
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