Everbridge (NASDAQ:EVBG) PT Raised to $35.00

Everbridge (NASDAQ:EVBG) had its price target increased by stock analysts at Robert W. Baird from $29.00 to $35.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price target indicates a potential upside of 0.60% from the company’s previous close.

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 note on Monday, February 5th. 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 research report on Monday, March 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Everbridge in a research report on Monday. Raymond James reissued a “market perform” rating on shares of Everbridge in a research report on Wednesday, February 7th. Finally, Canaccord Genuity Group upped their price objective on shares of Everbridge from $28.60 to $35.00 and gave the company a “hold” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat, Everbridge currently has an average rating of “Hold” and an average target price of $29.75.

Everbridge Price Performance

Everbridge stock opened at $34.79 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.03. The company has a fifty day simple moving average of $34.83 and a 200-day simple moving average of $27.63. The stock has a market cap of $1.45 billion, a P/E ratio of -22.30, a price-to-earnings-growth ratio of 1.03 and a beta of 0.95. Everbridge has a 12-month low of $18.50 and a 12-month high of $35.70.

Everbridge (NASDAQ:EVBG) last posted 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). The business had revenue of $115.76 million during the quarter, compared to analyst estimates of $114.70 million. Everbridge had a negative net margin of 11.67% and a positive return on equity of 5.26%. Equities analysts expect that Everbridge will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Everbridge

In other news, insider Bryan Reed Barney sold 3,344 shares of the 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 completion of the sale, the insider now owns 15,595 shares in the company, valued at $543,329.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lead Edge Capital Management LLC purchased a new position in Everbridge in the 3rd quarter valued at $18,568,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Everbridge by 10,789.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 551,548 shares of the technology company’s stock worth $12,366,000 after acquiring an additional 546,483 shares during the period. Gabelli Funds LLC purchased a new stake in shares of Everbridge in the first quarter valued at about $15,842,000. Norges Bank acquired a new position in shares of Everbridge during the fourth quarter worth about $7,016,000. Finally, Kent Lake Capital LLC purchased a new position in Everbridge during the fourth quarter worth about $6,078,000. 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.