Everbridge, Inc. (NASDAQ:EVBG) Receives $29.75 Consensus PT from Brokerages

Shares of Everbridge, Inc. (NASDAQ:EVBG) have been given an average rating of “Reduce” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $29.75.

Several brokerages recently weighed in on EVBG. Truist Financial lifted their price target on Everbridge from $20.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, March 4th. Canaccord Genuity Group raised their price target on shares of Everbridge from $28.60 to $35.00 and gave the company a “hold” rating in a research note on Monday, March 4th. Raymond James reiterated a “market perform” rating on shares of Everbridge in a research note on Wednesday, February 7th. Wells Fargo & Company raised shares of Everbridge from an “underweight” rating to an “equal weight” rating in a report on Tuesday, February 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Everbridge in a research note on Monday, May 13th.

Everbridge Price Performance

Shares of NASDAQ EVBG opened at $34.75 on Friday. The stock has a 50 day moving average price of $34.81 and a 200 day moving average price of $28.18. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -22.28, a PEG ratio of 1.04 and a beta of 0.95. Everbridge has a 52-week low of $18.50 and a 52-week high of $35.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.72 and a current ratio of 0.72.

Everbridge (NASDAQ:EVBG) last announced its earnings results on Monday, February 26th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Everbridge had a positive return on equity of 5.26% and a negative net margin of 11.67%. The firm had revenue of $115.76 million during the quarter, compared to the consensus estimate of $114.70 million. Sell-side analysts expect that Everbridge will post 0.71 earnings per share for the current year.

Insider Activity

In other news, insider Bryan Reed Barney sold 3,344 shares of Everbridge stock in a transaction that occurred on 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Everbridge

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Everbridge during the 4th quarter valued at $757,000. Deutsche Bank AG lifted its holdings 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 acquiring an additional 45,384 shares during the period. Kent Lake Capital LLC acquired a new position in Everbridge during the 4th quarter worth $6,078,000. Kennedy Capital Management LLC lifted its stake in shares of Everbridge by 20.1% during the third quarter. Kennedy Capital Management LLC now owns 38,944 shares of the technology company’s stock valued at $873,000 after acquiring an additional 6,517 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Everbridge during the 3rd quarter worth approximately $1,663,000. Institutional investors own 89.95% of the company’s stock.

Everbridge Company Profile

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.