Everbridge Inc (NASDAQ:EVBG) was the target of a large increase in short interest in December. As of December 29th, there was short interest totalling 2,050,866 shares, an increase of 34.2% from the December 15th total of 1,528,517 shares. Currently, 8.9% of the company’s stock are sold short. Based on an average daily volume of 293,501 shares, the days-to-cover ratio is currently 7.0 days.

EVBG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Everbridge from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. William Blair reiterated a “buy” rating on shares of Everbridge in a research note on Monday, September 25th. Needham & Company LLC increased their price objective on shares of Everbridge from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Canaccord Genuity reiterated a “buy” rating and set a $33.00 price objective (up previously from $28.00) on shares of Everbridge in a research note on Tuesday, November 7th. Finally, Northland Securities reiterated an “outperform” rating and set a $31.00 price objective (up previously from $28.00) on shares of Everbridge in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. Everbridge presently has an average rating of “Buy” and an average price target of $31.33.

Shares of Everbridge (EVBG) opened at $32.24 on Friday. The firm has a market cap of $897.37, a PE ratio of -53.73 and a beta of 1.99. Everbridge has a 12 month low of $16.63 and a 12 month high of $32.25.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The firm had revenue of $27.31 million for the quarter, compared to analyst estimates of $26.41 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. Everbridge’s quarterly revenue was up 37.0% on a year-over-year basis. research analysts expect that Everbridge will post -0.55 earnings per share for the current fiscal year.

In other news, SVP Scott Burnett sold 9,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $26.91, for a total value of $242,190.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Yuan Cheng sold 11,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $27.37, for a total transaction of $301,070.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,253 shares of company stock worth $4,167,996. Company insiders own 41.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc grew its position in Everbridge by 196.3% in the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after purchasing an additional 2,885 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Everbridge by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 65,971 shares of the technology company’s stock worth $1,743,000 after purchasing an additional 3,499 shares during the last quarter. Wells Fargo & Company MN grew its position in Everbridge by 21.5% in the 2nd quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock worth $818,000 after purchasing an additional 5,946 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Everbridge by 77.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,172 shares of the technology company’s stock worth $345,000 after purchasing an additional 6,177 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in Everbridge by 210.1% in the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after purchasing an additional 6,497 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

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About Everbridge

Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its 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.

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