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

Analysts at StockNews.com assumed coverage on shares of Everbridge (NASDAQ:EVBG) in a research note issued to investors on Friday. The firm set a “hold” rating on the technology company’s stock.

A number of other brokerages have also commented on EVBG. Wells Fargo & Company upgraded Everbridge from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th. William Blair downgraded shares of Everbridge from an “outperform” rating to a “market perform” rating in a report on Monday, February 5th. Needham & Company LLC reissued a “hold” rating on shares of Everbridge in a research note on Monday, February 5th. Truist Financial increased 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. Finally, Canaccord Genuity Group boosted their price target on Everbridge from $28.60 to $35.00 and gave the company a “hold” rating in a research note 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. Based on data from MarketBeat.com, Everbridge currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Everbridge Price Performance

EVBG stock opened at $34.88 on Friday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -24.39, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96. The company has a 50-day moving average of $32.90 and a two-hundred day moving average of $25.82. 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 0.98, a current ratio of 0.74 and a quick ratio of 0.74.

Everbridge (NASDAQ:EVBG) last issued its quarterly earnings results on Monday, February 26th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $115.76 million during the quarter, compared to the consensus estimate of $114.70 million. As a group, equities research analysts anticipate that Everbridge will post 0.78 EPS for the current year.

Insider Buying and Selling

In other news, CFO Patrick Brickley sold 6,360 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $22.79, for a total transaction of $144,944.40. Following the sale, the chief financial officer now directly owns 124,985 shares of the company’s stock, valued at $2,848,408.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Patrick Brickley sold 6,360 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $22.79, for a total transaction of $144,944.40. Following the completion of the sale, the chief financial officer now owns 124,985 shares in the company, valued at $2,848,408.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bryan Reed Barney sold 3,344 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 10,747 shares of company stock worth $289,103 in the last 90 days. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Everbridge

A number of institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in shares of Everbridge by 140.3% in the 4th 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 last quarter. State of Wyoming acquired a new position in shares of Everbridge during the 4th quarter worth about $28,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Everbridge during the 4th quarter worth about $45,000. Point72 Middle East FZE bought a new stake in shares of Everbridge in the 4th quarter valued at about $49,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Everbridge in the 1st quarter valued at approximately $90,000. Institutional investors and hedge funds own 89.95% of the company’s stock.

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.