Everbridge (NASDAQ:EVBG) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Everbridge (NASDAQ:EVBGGet Free Report) in a report issued on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

Several other research analysts have also recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Everbridge in a report on Monday, February 5th. William Blair downgraded Everbridge from an “outperform” rating to a “market perform” rating in a report on Monday, February 5th. Truist Financial increased their price objective on Everbridge from $20.00 to $35.00 and gave the company a “hold” rating in a report on Monday, March 4th. Raymond James reaffirmed a “market perform” rating on shares of Everbridge in a report on Wednesday, February 7th. Finally, Wells Fargo & Company raised shares of Everbridge from an “underweight” rating to an “equal weight” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.00.

Get Our Latest Stock Report on EVBG

Everbridge Trading Up 0.1 %

NASDAQ EVBG opened at $34.83 on Tuesday. Everbridge has a one year low of $18.50 and a one year high of $35.70. The firm has a 50 day simple moving average of $28.89 and a 200-day simple moving average of $24.40. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -24.36, a PEG ratio of 1.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74.

Everbridge (NASDAQ:EVBGGet Free Report) last announced its quarterly earnings data on Monday, February 26th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $115.76 million during the quarter, compared to analyst estimates of $114.70 million. Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. Equities research analysts anticipate that Everbridge will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

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 value of $176,611.68. Following the sale, the insider now owns 18,221 shares of the company’s stock, valued at approximately $428,557.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Everbridge news, insider Bryan Reed Barney sold 7,509 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were 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 in the company, valued at approximately $428,557.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patrick Brickley sold 6,360 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $22.79, for a total transaction of $144,944.40. Following the completion of the sale, the chief financial officer now owns 124,985 shares of the company’s stock, valued at approximately $2,848,408.15. The disclosure for this sale can be found here. Insiders sold a total of 15,062 shares of company stock valued at $352,738 over the last three months. 0.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in 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 purchased a new stake in Everbridge in the 4th quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. acquired a new stake in Everbridge during the 4th quarter valued at $45,000. Point72 Middle East FZE acquired a new position in shares of Everbridge in the fourth quarter worth $49,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Everbridge by 141.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,864 shares of the technology company’s stock valued at $64,000 after acquiring an additional 1,676 shares during the last quarter. Hedge funds and other institutional investors own 91.44% of the company’s stock.

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.

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Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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