Shares of Everbridge, Inc. (NASDAQ:EVBG – Get Free Report) have earned an average recommendation of “Reduce” from the ten ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $26.33.
EVBG has been the subject of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Everbridge in a research note on Monday, February 5th. Truist Financial lowered their price target on shares of Everbridge from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Raymond James reissued a “market perform” rating on shares of Everbridge in a research note on Wednesday, February 7th. The Goldman Sachs Group lowered their price objective on shares of Everbridge from $27.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 10th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $28.60 price objective on shares of Everbridge in a research note on Monday, February 5th.
Insiders Place Their Bets
Institutional Investors Weigh In On Everbridge
A number of institutional investors have recently made changes to their positions in EVBG. PNC Financial Services Group Inc. grew its holdings in shares of Everbridge by 140.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 841 shares of the technology company’s stock valued at $25,000 after buying an additional 491 shares during the last quarter. State of Wyoming purchased a new stake in shares of Everbridge during the fourth quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Everbridge during the fourth quarter valued at approximately $45,000. Point72 Middle East FZE purchased a new stake in shares of Everbridge during the fourth quarter valued at approximately $49,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Everbridge during the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 91.44% of the company’s stock.
Everbridge Stock Performance
Everbridge stock opened at $28.17 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $1.16 billion, a PE ratio of -25.38, a P/E/G ratio of 0.74 and a beta of 0.89. The firm has a fifty day simple moving average of $23.47 and a two-hundred day simple moving average of $22.88. Everbridge has a twelve month low of $18.50 and a twelve month high of $35.55.
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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