StockNews.com Initiates Coverage on Everbridge (NASDAQ:EVBG)

StockNews.com assumed coverage on shares of Everbridge (NASDAQ:EVBG) in a research report issued on Friday. The firm set a “hold” rating on the technology company’s stock.

Several other equities analysts also recently commented on the company. Robert W. Baird upped their target price on Everbridge from $21.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Truist Financial boosted their price target on Everbridge from $20.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, March 4th. Raymond James reissued a “market perform” rating on shares of Everbridge in a report on Wednesday, February 7th. Canaccord Genuity Group upped their price target on shares of Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Finally, William Blair cut shares of Everbridge from an “outperform” rating to a “market perform” rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $29.00.

Everbridge Stock Performance

Everbridge stock opened at $34.88 on Friday. 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 has a 52 week low of $18.50 and a 52 week high of $35.70. The stock has a 50-day simple moving average of $32.90 and a 200 day simple moving average of $25.82. The stock has a market capitalization of $1.45 billion, a P/E ratio of -24.39, a PEG ratio of 0.94 and a beta of 0.96.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, February 26th. The technology company reported $0.21 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%. Analysts expect that Everbridge will post 0.78 earnings per share for the current year.

Insider Buying and Selling at Everbridge

In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the business’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 transaction, the insider now directly owns 15,595 shares of the company’s stock, valued at approximately $543,329.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $34.84, for a total value of $116,504.96. Following the sale, the insider now owns 15,595 shares in the company, valued at $543,329.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Patrick Brickley sold 6,360 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,747 shares of company stock worth $289,103. 0.56% of the stock is currently owned by company insiders.

Institutional Trading of Everbridge

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Everbridge by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 5,960,756 shares of the technology company’s stock worth $144,906,000 after buying an additional 163,180 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Everbridge by 6.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 150,220 shares of the technology company’s stock valued at $3,652,000 after purchasing an additional 9,350 shares in the last quarter. Syon Capital LLC purchased a new stake in shares of Everbridge during the 4th quarter valued at about $219,000. Barclays PLC raised its position in Everbridge by 289.4% during the fourth quarter. Barclays PLC now owns 73,732 shares of the technology company’s stock valued at $1,792,000 after purchasing an additional 54,799 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in Everbridge by 31.7% in the fourth quarter. Voloridge Investment Management LLC now owns 163,072 shares of the technology company’s stock worth $3,964,000 after buying an additional 39,265 shares during the last quarter. Hedge funds and other institutional investors own 89.95% 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.