Everbridge (NASDAQ:EVBG) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Everbridge (NASDAQ:EVBGGet Free Report) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the technology company’s stock.

Several other equities research analysts have also recently weighed in on the company. William Blair cut Everbridge from an “outperform” rating to a “market perform” rating in a research report on Monday, February 5th. Wells Fargo & Company raised Everbridge from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, February 6th. Raymond James reaffirmed a “market perform” rating on shares of Everbridge in a research report on Wednesday, February 7th. Robert W. Baird raised their target price on Everbridge from $21.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Finally, Truist Financial raised their target price on Everbridge from $20.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to data from MarketBeat, Everbridge has a consensus rating of “Hold” and a consensus price target of $29.00.

Get Our Latest Stock Analysis on Everbridge

Everbridge Trading Up 0.2 %

Shares of EVBG stock opened at $34.90 on Wednesday. Everbridge has a 12 month low of $18.50 and a 12 month high of $35.70. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.45 billion, a PE ratio of -24.41, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96. The business’s 50 day moving average is $30.43 and its two-hundred day moving average is $24.86.

Everbridge (NASDAQ:EVBGGet Free Report) last posted its quarterly earnings data on Monday, February 26th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. The business had revenue of $115.76 million during the quarter, compared to the consensus estimate of $114.70 million. Equities analysts predict that Everbridge will post 0.78 EPS for the current year.

Insiders Place Their Bets

In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $34.84, for a total transaction of $116,504.96. Following the completion of the transaction, the insider now directly owns 15,595 shares in the company, valued at $543,329.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Bryan Reed Barney sold 3,344 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 15,595 shares in the company, valued at $543,329.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Patrick Brickley sold 6,360 shares of the firm’s stock in a transaction on 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 owns 124,985 shares of the company’s stock, valued at $2,848,408.15. The disclosure for this sale can be found here. Insiders sold 10,747 shares of company stock worth $289,103 over the last three months. 0.44% of the stock is currently owned by corporate insiders.

Institutional Trading of Everbridge

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in Everbridge by 140.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 841 shares of the technology company’s stock worth $25,000 after purchasing an additional 491 shares during the period. State of Wyoming acquired a new stake in Everbridge in the fourth quarter worth about $28,000. Coppell Advisory Solutions Corp. acquired a new stake in Everbridge in the fourth quarter worth about $45,000. Point72 Middle East FZE acquired a new stake in Everbridge in the fourth quarter worth about $49,000. Finally, Tower Research Capital LLC TRC increased its position in Everbridge by 141.1% in the third quarter. Tower Research Capital LLC TRC now owns 2,864 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,676 shares during the period. 89.95% of the stock is currently owned by institutional investors and hedge funds.

Everbridge Company Profile

(Get Free Report)

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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Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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