Everbridge, Inc. (NASDAQ:EVBG) Receives $29.00 Average Price Target from Analysts

Shares of Everbridge, Inc. (NASDAQ:EVBG) have been given an average recommendation of “Reduce” by the ten analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $29.00.

EVBG has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price objective on shares of Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a research report on Monday, March 4th. Robert W. Baird upped their price target on shares of Everbridge from $21.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Wells Fargo & Company upgraded Everbridge from an “underweight” rating to an “equal weight” rating in a report on Tuesday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of Everbridge in a research note on Monday, February 5th. Finally, Truist Financial lifted their price target on Everbridge from $20.00 to $35.00 and gave the stock a “hold” rating in a report on Monday, March 4th.

Insider Buying and Selling at Everbridge

In other Everbridge news, 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 value of $144,944.40. Following the sale, the chief financial officer now owns 124,985 shares of the company’s stock, valued at approximately $2,848,408.15. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $34.84, for a total transaction of $116,504.96. Following the sale, the insider now owns 15,595 shares of the company’s stock, valued at approximately $543,329.80. The transaction 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 company’s stock in a transaction dated 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 transaction, the chief financial officer now directly 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 10,747 shares of company stock worth $289,103 over the last three months. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Everbridge

Several hedge funds have recently added to or reduced their stakes in EVBG. Vanguard Group Inc. increased its holdings in Everbridge by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 5,960,756 shares of the technology company’s stock valued at $144,906,000 after purchasing an additional 163,180 shares during the period. Clearbridge Investments LLC raised its position in shares of Everbridge by 0.7% during the third quarter. Clearbridge Investments LLC now owns 2,027,344 shares of the technology company’s stock worth $45,453,000 after acquiring an additional 13,200 shares during the last quarter. Lead Edge Capital Management LLC acquired a new position in shares of Everbridge in the third quarter worth approximately $18,568,000. Harber Asset Management LLC boosted its holdings in Everbridge by 49.4% in the fourth quarter. Harber Asset Management LLC now owns 554,932 shares of the technology company’s stock valued at $13,490,000 after acquiring an additional 183,471 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Everbridge by 10,789.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 551,548 shares of the technology company’s stock valued at $12,366,000 after purchasing an additional 546,483 shares during the period. 89.95% of the stock is currently owned by institutional investors and hedge funds.

Everbridge Stock Up 0.0 %

NASDAQ:EVBG opened at $34.90 on Tuesday. The stock has a 50-day simple moving average of $33.57 and a 200 day simple moving average of $26.26. Everbridge has a 52-week low of $18.50 and a 52-week high of $35.70. The company has a market cap of $1.45 billion, a PE ratio of -24.41, a PEG ratio of 0.95 and a beta of 0.96. 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:EVBG) last issued its quarterly earnings results on Monday, February 26th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate 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 business had revenue of $115.76 million for the quarter, compared to the consensus estimate of $114.70 million. On average, sell-side analysts expect that Everbridge will post 0.78 EPS for the current fiscal year.

About Everbridge

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.