Everbridge (NASDAQ:EVBG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Everbridge (NASDAQ:EVBGGet Rating) in a research report released on Thursday. The firm issued a hold rating on the technology company’s stock.

A number of other research firms have also weighed in on EVBG. Wells Fargo & Company decreased their target price on shares of Everbridge from $32.00 to $28.00 and set an equal weight rating on the stock in a research note on Friday, January 6th. Stephens raised their target price on shares of Everbridge from $38.00 to $41.00 in a research note on Thursday, February 23rd. Finally, Raymond James raised their target price on shares of Everbridge from $32.00 to $39.00 and gave the stock an outperform rating in a research note on Friday, February 17th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $36.57.

Everbridge Price Performance

EVBG stock opened at $33.06 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.73. Everbridge has a 12-month low of $24.10 and a 12-month high of $52.09. The business’s 50-day moving average is $32.08 and its 200 day moving average is $31.88.

Everbridge (NASDAQ:EVBGGet Rating) last released its earnings results on Wednesday, February 22nd. The technology company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.33. Everbridge had a negative net margin of 14.16% and a negative return on equity of 5.96%. The business had revenue of $117.13 million for the quarter, compared to analyst estimates of $116.15 million. As a group, equities analysts expect that Everbridge will post 0.27 earnings per share for the current fiscal year.

Insider Activity

In other Everbridge news, CFO Patrick Brickley sold 25,865 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $31.96, for a total value of $826,645.40. Following the sale, the chief financial officer now owns 94,178 shares of the company’s stock, valued at $3,009,928.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Everbridge news, CEO David Wagner sold 12,391 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $29.02, for a total value of $359,586.82. Following the sale, the chief executive officer now owns 37,609 shares of the company’s stock, valued at $1,091,413.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Patrick Brickley sold 25,865 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $31.96, for a total value of $826,645.40. Following the completion of the sale, the chief financial officer now directly owns 94,178 shares in the company, valued at approximately $3,009,928.88. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Institutional Trading of Everbridge

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVBG. Kettle Hill Capital Management LLC grew its stake in shares of Everbridge by 429.1% in the second quarter. Kettle Hill Capital Management LLC now owns 877,470 shares of the technology company’s stock worth $24,473,000 after acquiring an additional 711,634 shares in the last quarter. Fred Alger Management LLC grew its stake in shares of Everbridge by 43.7% in the third quarter. Fred Alger Management LLC now owns 1,940,643 shares of the technology company’s stock worth $59,927,000 after acquiring an additional 590,504 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Everbridge by 14.5% in the first quarter. Vanguard Group Inc. now owns 4,047,870 shares of the technology company’s stock worth $176,649,000 after acquiring an additional 511,847 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Everbridge by 74.5% in the second quarter. Clearbridge Investments LLC now owns 1,068,896 shares of the technology company’s stock worth $29,812,000 after acquiring an additional 456,305 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Everbridge in the fourth quarter worth $11,476,000. Hedge funds and other institutional investors own 91.78% of the company’s stock.

About Everbridge

(Get Rating)

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.

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Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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