Everbridge (NASDAQ:EVBG) Hits New 52-Week High at $35.80

Everbridge, Inc. (NASDAQ:EVBG)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $35.80 and last traded at $35.80, with a volume of 4311 shares changing hands. The stock had previously closed at $34.83.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EVBG. StockNews.com began coverage on shares of Everbridge in a research note on Wednesday. They issued a “hold” rating for the company. William Blair downgraded shares of Everbridge from an “outperform” rating to a “market perform” rating in a report on Monday, February 5th. Wells Fargo & Company upgraded shares of Everbridge from an “underweight” rating to an “equal weight” rating in a report on Tuesday, February 6th. Truist Financial lifted their target price on shares of Everbridge from $20.00 to $35.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Finally, Robert W. Baird lifted their target price on shares of Everbridge from $21.00 to $29.00 and gave the stock a “neutral” 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $29.00.

Everbridge Price Performance

The stock’s 50-day moving average price is $31.19 and its 200-day moving average price is $25.08. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -24.37, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.98.

Everbridge (NASDAQ:EVBG) last announced its earnings results on Monday, February 26th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Everbridge had a positive return on equity of 6.46% and a negative net margin of 10.54%. The company had revenue of $115.76 million for the quarter, compared to analyst estimates of $114.70 million. Equities research analysts anticipate that Everbridge, Inc. will post 0.78 earnings per share for the current year.

Insider Buying and Selling

In other Everbridge news, CFO Patrick Brickley sold 6,360 shares of the company’s 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 owns 124,985 shares of the company’s stock, valued at $2,848,408.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Bryan Reed Barney sold 3,344 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $34.84, for a total transaction of $116,504.96. Following the sale, the insider now directly owns 15,595 shares in the company, valued at $543,329.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Patrick Brickley sold 6,360 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $22.79, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 10,747 shares of company stock valued at $289,103 over the last ninety days. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Everbridge

A number of hedge funds and other institutional investors have recently made changes to their positions in EVBG. PNC Financial Services Group Inc. grew its position in Everbridge by 140.3% in 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 in the last quarter. State of Wyoming bought a new stake in shares of Everbridge during the 4th quarter worth about $28,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Everbridge during the 4th quarter worth about $45,000. Point72 Middle East FZE bought a new stake in shares of Everbridge during the 4th quarter worth about $49,000. Finally, Tower Research Capital LLC TRC raised its stake in Everbridge by 141.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,864 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,676 shares in the last quarter. 89.95% of the stock is currently owned by institutional investors and hedge funds.

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.