Everbridge (NASDAQ:EVBG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Everbridge (NASDAQ:EVBG) in a research report report published on Tuesday. The brokerage issued a hold rating on the technology company’s stock.

EVBG has been the subject of several other reports. Canaccord Genuity Group raised their target price on shares of Everbridge from $28.60 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 report on Monday, February 5th. Truist Financial lifted their price target on shares of Everbridge from $20.00 to $35.00 and gave the stock a hold rating in a research note on Monday, March 4th. Wells Fargo & Company upgraded shares of Everbridge from an underweight rating to an equal weight rating in a research note on Tuesday, February 6th. Finally, William Blair lowered shares of Everbridge from an outperform rating to a market perform rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $29.00.

Everbridge Trading Up 0.1 %

Shares of EVBG stock opened at $34.83 on Tuesday. Everbridge has a 52-week low of $18.50 and a 52-week high of $35.70. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74. The company has a 50-day simple moving average of $29.42 and a two-hundred day simple moving average of $24.55. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -24.36, a PEG ratio of 0.99 and a beta of 0.94.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Monday, February 26th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $115.76 million for the quarter, compared to analysts’ expectations of $114.70 million. Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. Research analysts anticipate that Everbridge will post 0.74 EPS for the current fiscal year.

Insider Activity

In related news, insider Bryan Reed Barney sold 7,509 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $23.52, for a total value of $176,611.68. Following the completion of the sale, the insider now owns 18,221 shares of the company’s stock, valued at approximately $428,557.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Everbridge news, insider Bryan Reed Barney sold 7,509 shares of Everbridge stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $23.52, for a total transaction of $176,611.68. Following the sale, the insider now owns 18,221 shares of the company’s stock, valued at approximately $428,557.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Patrick Brickley sold 6,360 shares of the business’s 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 transaction, the chief financial officer now directly owns 124,985 shares in the company, valued at approximately $2,848,408.15. The disclosure for this sale can be found here. Insiders sold a total of 15,062 shares of company stock valued at $352,738 in the last three months. 0.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Everbridge

A number of large investors have recently made changes to their positions in EVBG. Vanguard Group Inc. increased its stake in Everbridge by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 5,960,756 shares of the technology company’s stock valued at $144,906,000 after purchasing an additional 163,180 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Everbridge by 0.7% in the third quarter. Clearbridge Investments LLC now owns 2,027,344 shares of the technology company’s stock valued at $45,453,000 after buying an additional 13,200 shares in the last quarter. First Trust Advisors LP increased its position in shares of Everbridge by 21.7% in the fourth quarter. First Trust Advisors LP now owns 949,718 shares of the technology company’s stock valued at $23,088,000 after buying an additional 169,381 shares in the last quarter. Lead Edge Capital Management LLC purchased a new stake in Everbridge during the 3rd quarter worth about $18,568,000. Finally, Geode Capital Management LLC increased its position in Everbridge by 6.1% during the 2nd quarter. Geode Capital Management LLC now owns 826,463 shares of the technology company’s stock worth $22,232,000 after purchasing an additional 47,714 shares in the last quarter. 89.95% of the stock is currently owned by hedge funds and other institutional investors.

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.