Brokerages Set Everbridge, Inc. (NASDAQ:EVBG) PT at $26.33

Shares of Everbridge, Inc. (NASDAQ:EVBGGet 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.

View Our Latest Research Report on Everbridge

Insiders Place Their Bets

In other Everbridge news, CFO Patrick Brickley sold 6,360 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $22.79, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Everbridge news, CFO Patrick Brickley sold 6,360 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $22.79, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bryan Reed Barney sold 7,509 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $23.52, for a total transaction of $176,611.68. Following the completion of the sale, the insider now owns 18,221 shares in the company, valued at approximately $428,557.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,056 shares of company stock worth $373,135. 0.44% of the stock is currently owned by company insiders.

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.

About Everbridge

(Get Free Report

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.

Further Reading

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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