Everbridge (NASDAQ:EVBG) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Everbridge (NASDAQ:EVBGFree Report) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the technology company’s stock.

A number of other research analysts also recently weighed in on EVBG. Canaccord Genuity Group lifted their price target on Everbridge from $28.60 to $35.00 and gave the company a hold rating in a report on Monday, March 4th. Robert W. Baird lifted their price objective on Everbridge from $29.00 to $35.00 and gave the company a neutral rating in a research report on Tuesday, May 14th. Truist Financial lifted their price objective on Everbridge from $20.00 to $35.00 and gave the company a hold rating in a research report on Monday, March 4th. Needham & Company LLC reissued a hold rating on shares of Everbridge in a research report on Monday, May 13th. Finally, Raymond James reissued a market perform rating on shares of Everbridge in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, Everbridge currently has an average rating of Hold and a consensus target price of $29.75.

Read Our Latest Report on EVBG

Everbridge Stock Performance

Shares of EVBG stock opened at $34.75 on Thursday. Everbridge has a 1-year low of $18.50 and a 1-year high of $36.31. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -22.28, a P/E/G ratio of 0.94 and a beta of 1.01. The stock’s fifty day simple moving average is $34.80 and its 200-day simple moving average is $29.21.

Everbridge (NASDAQ:EVBGGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). Everbridge had a negative net margin of 11.67% and a positive return on equity of 5.26%. The business had revenue of $111.43 million for the quarter, compared to analysts’ expectations of $111.90 million. On average, sell-side analysts predict that Everbridge will post 0.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $34.84, for a total value of $116,504.96. Following the completion of the sale, the insider now owns 15,595 shares of the company’s stock, valued at $543,329.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Everbridge

Large investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Everbridge during the 4th quarter worth about $757,000. Kent Lake Capital LLC acquired a new position in shares of Everbridge during the 4th quarter worth about $6,078,000. Deutsche Bank AG lifted its position in shares of Everbridge by 43.9% during the 3rd quarter. Deutsche Bank AG now owns 148,672 shares of the technology company’s stock worth $3,333,000 after purchasing an additional 45,384 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of Everbridge by 20.1% during the 3rd quarter. Kennedy Capital Management LLC now owns 38,944 shares of the technology company’s stock worth $873,000 after purchasing an additional 6,517 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Everbridge during the 3rd quarter worth about $1,663,000. Institutional investors and hedge funds own 89.95% 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.

See Also

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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