StockNews.com Begins Coverage on Everbridge (NASDAQ:EVBG)

Equities research analysts at StockNews.com assumed coverage on shares of Everbridge (NASDAQ:EVBG) in a research report issued on Saturday. The firm set a “hold” rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the stock. William Blair lowered shares of Everbridge from an “outperform” rating to a “market perform” rating in a research note on Monday, February 5th. 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 report on Monday, March 4th. Wells Fargo & Company upgraded shares of Everbridge from an “underweight” rating to an “equal weight” rating in a report on Tuesday, February 6th. Truist Financial boosted their price objective on shares of Everbridge from $20.00 to $35.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of Everbridge in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $29.00.

Everbridge Stock Down 0.1 %

EVBG stock opened at $34.88 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. Everbridge has a 1 year low of $18.50 and a 1 year high of $35.70. The company has a fifty day simple moving average of $33.71 and a 200 day simple moving average of $26.36. The firm has a market cap of $1.45 billion, a PE ratio of -24.39, a PEG ratio of 0.94 and a beta of 0.96.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, February 26th. The technology company reported $0.21 earnings per share (EPS) 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 analyst estimates of $114.70 million. Sell-side analysts anticipate that Everbridge will post 0.78 EPS for the current fiscal year.

Insider Transactions at Everbridge

In other news, insider Bryan Reed Barney sold 3,344 shares of Everbridge stock in a transaction dated 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 directly owns 15,595 shares in the company, valued at approximately $543,329.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Bryan Reed Barney sold 3,344 shares of Everbridge stock in a transaction dated 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 directly owns 15,595 shares in the company, valued at approximately $543,329.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction dated 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,747 shares of company stock worth $289,103. 0.56% of the stock is currently owned by company insiders.

Institutional Trading of Everbridge

Several institutional investors have recently made changes to their positions in the business. Y.D. More Investments Ltd boosted its position in shares of Everbridge by 10.2% during the 3rd quarter. Y.D. More Investments Ltd now owns 5,709 shares of the technology company’s stock valued at $135,000 after acquiring an additional 529 shares in the last quarter. Swiss National Bank boosted its position in Everbridge by 1.2% in the third quarter. Swiss National Bank now owns 89,200 shares of the technology company’s stock valued at $2,000,000 after buying an additional 1,100 shares in the last quarter. Steph & Co. boosted its position in Everbridge by 48.4% in the third quarter. Steph & Co. now owns 4,245 shares of the technology company’s stock valued at $95,000 after buying an additional 1,384 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Everbridge by 37.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the technology company’s stock valued at $183,000 after buying an additional 2,225 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Everbridge by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 371,278 shares of the technology company’s stock valued at $9,026,000 after buying an additional 2,770 shares in the last quarter. 89.95% of the stock is currently owned by institutional investors and hedge funds.

Everbridge Company Profile

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.