Everbridge, Inc. (NASDAQ:EVBG) Receives Average Recommendation of “Reduce” from Brokerages

Everbridge, Inc. (NASDAQ:EVBG) has earned a consensus rating of “Reduce” from the ten analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $29.00.

Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Everbridge in a research report on Friday. They set a “hold” rating for the company. Raymond James restated a “market perform” rating on shares of Everbridge in a research report on Wednesday, February 7th. Robert W. Baird increased their target price on Everbridge from $21.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Wells Fargo & Company raised shares of Everbridge from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th. Finally, Canaccord Genuity Group lifted their target price on shares of Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a research note on Monday, March 4th.

Everbridge Stock Up 0.0 %

EVBG stock opened at $34.89 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -24.40, a PEG ratio of 0.94 and a beta of 0.96. The business’s fifty day moving average price is $33.17 and its two-hundred day moving average price is $26.05. Everbridge has a fifty-two week low of $18.50 and a fifty-two week high of $35.70.

Everbridge (NASDAQ:EVBG) last issued its earnings results on Monday, February 26th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $115.76 million for the quarter, compared to analyst estimates of $114.70 million. Everbridge had a positive return on equity of 6.46% and a negative net margin of 10.54%. On average, equities analysts anticipate that Everbridge will post 0.78 earnings per share for the current year.

Insider Buying and Selling at Everbridge

In other news, 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 sale, the insider now directly owns 15,595 shares in the company, valued at approximately $543,329.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, 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 transaction of $144,944.40. Following 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 document filed with the SEC, which can be accessed through this link. Also, insider Bryan Reed Barney sold 3,344 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were 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 approximately $543,329.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,747 shares of company stock valued at $289,103. Company insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EVBG. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Everbridge during the fourth quarter worth about $757,000. Deutsche Bank AG raised its position in shares of Everbridge by 43.9% during the 3rd quarter. Deutsche Bank AG now owns 148,672 shares of the technology company’s stock worth $3,333,000 after purchasing an additional 45,384 shares during the last quarter. Kent Lake Capital LLC acquired a new position in shares of Everbridge during the 4th quarter worth approximately $6,078,000. Kennedy Capital Management LLC raised its holdings in Everbridge by 20.1% in the 3rd quarter. Kennedy Capital Management LLC now owns 38,944 shares of the technology company’s stock valued at $873,000 after acquiring an additional 6,517 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Everbridge in the 3rd quarter valued at $1,663,000. 89.95% of the stock is currently owned by hedge funds and other institutional investors.

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.