Everbridge (NASDAQ:EVBG) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Everbridge (NASDAQ:EVBG) in a research note issued to investors on Tuesday morning. The brokerage issued a hold rating on the technology company’s stock.

Several other analysts have also weighed in on the company. Canaccord Genuity Group lifted their price objective on Everbridge from $28.60 to $35.00 and gave the stock a hold rating in a report on Monday, March 4th. Raymond James reissued a market perform rating on shares of Everbridge in a report on Wednesday, February 7th. William Blair lowered Everbridge from an outperform rating to a market perform rating in a report on Monday, February 5th. Needham & Company LLC reiterated a hold rating on shares of Everbridge in a research report on Monday, February 5th. Finally, Wells Fargo & Company upgraded Everbridge from an underweight rating to an equal weight rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $29.00.

Everbridge Stock Performance

EVBG opened at $34.83 on Tuesday. The firm has a market capitalization of $1.44 billion, a P/E ratio of -24.36, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94. The stock’s 50 day moving average price is $29.42 and its two-hundred day moving average price is $24.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.98. Everbridge has a 12-month low of $18.50 and a 12-month high of $35.70.

Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, February 26th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. On average, equities analysts forecast that Everbridge will post 0.74 earnings per share for the current year.

Insiders Place Their Bets

In other Everbridge news, insider Bryan Reed Barney sold 7,509 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $23.52, for a total value of $176,611.68. Following the transaction, the insider now owns 18,221 shares of the company’s stock, valued at $428,557.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Patrick Brickley sold 6,360 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $22.79, for a total value of $144,944.40. Following the completion of the sale, the chief financial officer now owns 124,985 shares in the company, valued at $2,848,408.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,062 shares of company stock valued at $352,738. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Everbridge

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE increased its holdings in shares of Everbridge by 53.1% in the first quarter. US Bancorp DE now owns 4,527 shares of the technology company’s stock worth $197,000 after acquiring an additional 1,570 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Everbridge by 42.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,702 shares of the technology company’s stock worth $205,000 after buying an additional 1,399 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Everbridge during the first quarter worth about $111,000. Great West Life Assurance Co. Can grew its holdings in shares of Everbridge by 68.5% during the first quarter. Great West Life Assurance Co. Can now owns 133,250 shares of the technology company’s stock worth $5,957,000 after buying an additional 54,153 shares in the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Everbridge by 38.0% during the first quarter. Synovus Financial Corp now owns 6,595 shares of the technology company’s stock worth $286,000 after buying an additional 1,817 shares in the last quarter. Institutional investors 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.