StockNews.com Begins Coverage on Everbridge (NASDAQ:EVBG)

StockNews.com began coverage on shares of Everbridge (NASDAQ:EVBG) in a research report released on Sunday morning. The firm issued a hold rating on the technology company’s stock.

A number of other analysts have also recently issued reports on the company. Robert W. Baird upped their target price on Everbridge from $21.00 to $29.00 and gave the company a neutral rating in a research report on Tuesday, February 6th. Truist Financial upped their target price on shares of Everbridge from $20.00 to $35.00 and gave the company a hold rating in a report on Monday, March 4th. Needham & Company LLC restated a hold rating on shares of Everbridge in a research report on Monday, February 5th. Wells Fargo & Company raised Everbridge from an underweight rating to an equal weight rating in a research report on Tuesday, February 6th. Finally, Raymond James reiterated a market perform rating on shares of Everbridge in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $29.00.

Everbridge Stock Performance

Shares of EVBG opened at $34.77 on Friday. 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 52-week low of $18.50 and a 52-week high of $35.70. The stock has a 50 day moving average price of $34.61 and a 200 day moving average price of $27.11. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -24.31, a price-to-earnings-growth ratio of 0.94 and a beta of 0.95.

Everbridge (NASDAQ:EVBG) last issued its earnings results on Monday, February 26th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $115.76 million during the quarter, compared to analyst estimates of $114.70 million. Research analysts predict that Everbridge will post 0.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $34.84, for a total transaction of $116,504.96. Following the transaction, the insider now owns 15,595 shares of the company’s stock, valued at approximately $543,329.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EVBG. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Everbridge by 37.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the technology company’s stock worth $183,000 after purchasing an additional 2,225 shares during the period. Steph & Co. boosted its holdings in Everbridge by 48.4% in the third quarter. Steph & Co. now owns 4,245 shares of the technology company’s stock valued at $95,000 after acquiring an additional 1,384 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Everbridge by 10,789.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 551,548 shares of the technology company’s stock valued at $12,366,000 after acquiring an additional 546,483 shares during the period. Y.D. More Investments Ltd increased its stake in Everbridge by 10.2% during the third quarter. Y.D. More Investments Ltd now owns 5,709 shares of the technology company’s stock worth $135,000 after acquiring an additional 529 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Everbridge by 39.5% in the 3rd quarter. Panagora Asset Management Inc. now owns 216,560 shares of the technology company’s stock worth $4,855,000 after purchasing an additional 61,295 shares during the period. 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.