Everbridge, Inc. (NASDAQ:EVBG – Get Rating) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,280,000 shares, a decrease of 32.1% from the March 15th total of 3,360,000 shares. Based on an average trading volume of 1,408,600 shares, the days-to-cover ratio is currently 1.6 days.
Shares of EVBG stock opened at $49.80 on Friday. The stock has a 50-day moving average of $43.78 and a 200-day moving average of $82.14. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.44. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -19.84 and a beta of 0.87. Everbridge has a 1-year low of $27.81 and a 1-year high of $167.40.
Everbridge (NASDAQ:EVBG – Get Rating) last posted its quarterly earnings data on Thursday, February 24th. The technology company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.14. Everbridge had a negative net margin of 25.73% and a negative return on equity of 8.51%. The company had revenue of $102.80 million for the quarter, compared to analyst estimates of $102.10 million. During the same period in the prior year, the firm posted ($0.31) EPS. The company’s quarterly revenue was up 36.0% on a year-over-year basis. Sell-side analysts forecast that Everbridge will post -1.74 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of EVBG. Sylebra Capital Ltd boosted its stake in Everbridge by 12.3% during the third quarter. Sylebra Capital Ltd now owns 2,007,931 shares of the technology company’s stock worth $303,278,000 after acquiring an additional 220,553 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Everbridge by 22.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,585,535 shares of the technology company’s stock valued at $106,754,000 after purchasing an additional 295,278 shares during the period. Macquarie Group Ltd. increased its stake in Everbridge by 50.3% during the 3rd quarter. Macquarie Group Ltd. now owns 1,163,165 shares of the technology company’s stock valued at $175,685,000 after purchasing an additional 389,386 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Everbridge by 29.6% during the third quarter. Alliancebernstein L.P. now owns 838,632 shares of the technology company’s stock worth $126,667,000 after buying an additional 191,692 shares during the last quarter. Finally, Spyglass Capital Management LLC lifted its stake in shares of Everbridge by 21.5% in the fourth quarter. Spyglass Capital Management LLC now owns 802,257 shares of the technology company’s stock valued at $54,016,000 after buying an additional 141,986 shares in the last quarter.
A number of research firms recently commented on EVBG. Raymond James dropped their price target on Everbridge from $80.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, February 25th. Truist Financial lowered shares of Everbridge from a “buy” rating to a “hold” rating and reduced their price target for the stock from $85.00 to $42.00 in a research report on Friday, February 25th. Zacks Investment Research upgraded shares of Everbridge from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday. Canaccord Genuity Group reduced their target price on Everbridge from $178.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Finally, Stephens dropped their price objective on Everbridge from $200.00 to $58.00 and set an “overweight” rating for the company in a research report on Friday, February 25th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.47.
Everbridge Company Profile (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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