Everbridge (NASDAQ:EVBG) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Everbridge (NASDAQ:EVBG) in a research note issued to investors on Saturday. The firm set a “hold” rating on the technology company’s stock.

A number of other equities research analysts have also recently commented on EVBG. Robert W. Baird raised their target price on shares of Everbridge from $21.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Wells Fargo & Company upgraded shares of Everbridge from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th. Needham & Company LLC restated a “hold” rating on shares of Everbridge in a research note on Monday, February 5th. Canaccord Genuity Group raised their target price on shares of Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a research note on Monday, March 4th. Finally, Raymond James restated a “market perform” rating on shares of Everbridge in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.00.

Everbridge Stock Performance

EVBG opened at $34.88 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -24.39, a PEG ratio of 0.94 and a beta of 0.96. The company’s 50 day moving average is $33.71 and its 200 day moving average is $26.41. Everbridge has a 12-month low of $18.50 and a 12-month high of $35.70.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data 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). The business had revenue of $115.76 million during the quarter, compared to analysts’ expectations of $114.70 million. Everbridge had a positive return on equity of 6.46% and a negative net margin of 10.54%. On average, equities research analysts predict that Everbridge will post 0.78 EPS for the current year.

Insider Activity

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 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 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 value of $116,504.96. Following the completion of the transaction, the insider now directly owns 15,595 shares of the company’s stock, valued at $543,329.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction 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 $2,848,408.15. The disclosure for this sale can be found here. Insiders have sold a total of 10,747 shares of company stock worth $289,103 over the last quarter. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Everbridge in the fourth quarter valued at $757,000. Deutsche Bank AG boosted its stake in Everbridge by 43.9% during the third quarter. Deutsche Bank AG now owns 148,672 shares of the technology company’s stock worth $3,333,000 after buying an additional 45,384 shares during the period. Kent Lake Capital LLC purchased a new position in Everbridge during the fourth quarter worth $6,078,000. Kennedy Capital Management LLC boosted its stake in Everbridge by 20.1% during the third quarter. Kennedy Capital Management LLC now owns 38,944 shares of the technology company’s stock worth $873,000 after buying an additional 6,517 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Everbridge during the third quarter worth $1,663,000. 89.95% of the stock is owned by hedge funds and other institutional investors.

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.