Everbridge, Inc. (NASDAQ:EVBG) Receives Average Recommendation of “Reduce” from Analysts

Shares of Everbridge, Inc. (NASDAQ:EVBG) have received a consensus recommendation of “Reduce” from the ten research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $29.00.

Several equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Everbridge in a report on Monday, February 5th. Robert W. Baird lifted 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. William Blair downgraded shares of Everbridge from an “outperform” rating to a “market perform” rating in a research report on Monday, February 5th. Canaccord Genuity Group raised their price objective on shares of Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Finally, StockNews.com began coverage on shares of Everbridge in a research note on Saturday. They issued a “hold” rating for the company.

Insider Activity at Everbridge

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 shares were sold at an average price of $34.84, for a total transaction of $116,504.96. Following the sale, the insider now directly owns 15,595 shares of the company’s stock, valued at approximately $543,329.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Bryan Reed Barney sold 3,344 shares of the firm’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 transaction, the insider now owns 15,595 shares in the company, valued at approximately $543,329.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $22.79, for a total value of $144,944.40. Following the completion of the sale, the chief financial officer now directly owns 124,985 shares in the company, valued at approximately $2,848,408.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,747 shares of company stock valued at $289,103. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Everbridge

A number of institutional investors and hedge funds have recently made changes to their positions in EVBG. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 163,180 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Everbridge by 0.7% during the 3rd quarter. Clearbridge Investments LLC now owns 2,027,344 shares of the technology company’s stock worth $45,453,000 after purchasing an additional 13,200 shares during the last quarter. Lead Edge Capital Management LLC acquired a new position in shares of Everbridge during the 3rd quarter worth about $18,568,000. Harber Asset Management LLC raised its holdings in shares of Everbridge by 49.4% in the 4th quarter. Harber Asset Management LLC now owns 554,932 shares of the technology company’s stock valued at $13,490,000 after purchasing an additional 183,471 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Everbridge by 10,789.4% in 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 last quarter. Institutional investors own 89.95% of the company’s stock.

Everbridge Trading Down 0.1 %

EVBG opened at $34.88 on Tuesday. The firm’s fifty day moving average is $33.71 and its two-hundred day moving average is $26.38. The firm has a market cap of $1.45 billion, a PE ratio of -24.39, a price-to-earnings-growth ratio of 0.95 and a beta of 0.96. Everbridge has a twelve month low of $18.50 and a twelve month high of $35.70. 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 released its quarterly earnings data on Monday, February 26th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $115.76 million during the quarter, compared to the consensus estimate of $114.70 million. Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. Equities research analysts anticipate that Everbridge will post 0.78 EPS for the current 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.