Everbridge (NASDAQ:EVBG) Upgraded by StockNews.com to Hold

Everbridge (NASDAQ:EVBGGet Rating) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Several other research firms also recently weighed in on EVBG. Stifel Nicolaus decreased their price objective on Everbridge from $40.00 to $32.00 in a report on Monday, July 25th. Barclays reissued a “maintains” rating on shares of Everbridge in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $73.43.

Everbridge Stock Performance

Shares of EVBG opened at $27.99 on Wednesday. The stock has a 50 day moving average price of $31.72 and a 200 day moving average price of $40.12. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -11.71 and a beta of 0.91. Everbridge has a 52-week low of $24.10 and a 52-week high of $167.40.

Everbridge (NASDAQ:EVBGGet Rating) last posted its quarterly earnings data on Monday, May 9th. The technology company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.73) by $0.56. The business had revenue of $100.38 million during the quarter, compared to the consensus estimate of $98.82 million. Everbridge had a negative return on equity of 9.28% and a negative net margin of 23.82%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) earnings per share. Research analysts predict that Everbridge will post -1.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other Everbridge news, insider Ajay Nigam sold 3,316 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $39.29, for a total transaction of $130,285.64. Following the transaction, the insider now directly owns 15,140 shares in the company, valued at $594,850.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 4,141 shares of company stock worth $156,829. Corporate insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Prospera Financial Services Inc purchased a new stake in Everbridge in the 1st quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Everbridge by 75.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 700 shares of the technology company’s stock worth $47,000 after acquiring an additional 300 shares during the last quarter. Signaturefd LLC lifted its position in shares of Everbridge by 571.0% in the first quarter. Signaturefd LLC now owns 1,181 shares of the technology company’s stock valued at $52,000 after acquiring an additional 1,005 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Everbridge by 419.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,173 shares of the technology company’s stock valued at $79,000 after acquiring an additional 947 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Everbridge during the 1st quarter worth about $90,000. Institutional investors and hedge funds own 97.63% 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.

Further Reading

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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