Everbridge (NASDAQ:EVBG) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Everbridge (NASDAQ:EVBG) in a research note released on Tuesday morning. The brokerage issued a hold rating on the technology company’s stock.

Several other equities research analysts have also recently issued reports on the company. Truist Financial lifted their target price on Everbridge from $20.00 to $35.00 and gave the stock a hold rating in a report on Monday, March 4th. Canaccord Genuity Group raised their price objective on Everbridge from $28.60 to $35.00 and gave the stock a hold rating in a research report on Monday, March 4th. Raymond James restated a market perform rating on shares of Everbridge in a research note on Wednesday, February 7th. Needham & Company LLC restated a hold rating on shares of Everbridge in a research report on Monday, May 13th. Finally, Robert W. Baird lifted their target price on shares of Everbridge from $29.00 to $35.00 and gave the company a neutral rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $29.75.

Everbridge Trading Down 0.0 %

NASDAQ EVBG opened at $34.75 on Tuesday. Everbridge has a twelve month low of $18.50 and a twelve month high of $35.70. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average is $34.81 and its 200 day moving average is $28.32. The firm has a market capitalization of $1.45 billion, a PE ratio of -22.28, a P/E/G ratio of 1.04 and a beta of 0.95.

Everbridge (NASDAQ:EVBG) last announced its quarterly 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 company had revenue of $115.76 million during the quarter, compared to the consensus estimate of $114.70 million. Research analysts forecast that Everbridge will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Bryan Reed Barney sold 3,344 shares of Everbridge stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $34.84, for a total transaction of $116,504.96. Following the sale, the insider now owns 15,595 shares in the company, valued at $543,329.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Everbridge

Several hedge funds have recently modified their holdings of EVBG. Y.D. More Investments Ltd increased its holdings in Everbridge by 20.1% during the 4th quarter. Y.D. More Investments Ltd now owns 6,858 shares of the technology company’s stock valued at $155,000 after acquiring an additional 1,149 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Everbridge by 37.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the technology company’s stock valued at $183,000 after buying an additional 2,225 shares during the last quarter. Syon Capital LLC acquired a new stake in shares of Everbridge in the 4th quarter worth approximately $219,000. Fox Run Management L.L.C. acquired a new stake in Everbridge in the 3rd quarter valued at about $223,000. Finally, Diversified Trust Co acquired a new position in shares of Everbridge in the 4th quarter valued at $277,000. 89.95% of the stock is owned by institutional investors and hedge funds.

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.