Everbridge (NASDAQ:EVBG) Research Coverage Started at StockNews.com

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

A number of other brokerages also recently issued reports on EVBG. Raymond James reaffirmed a market perform rating on shares of Everbridge in a report on Wednesday, February 7th. William Blair downgraded Everbridge from an outperform rating to a market perform rating in a report on Monday, February 5th. Canaccord Genuity Group lifted their price target on Everbridge from $28.60 to $35.00 and gave the stock a hold rating in a report on Monday, March 4th. Wells Fargo & Company raised Everbridge from an underweight rating to an equal weight rating in a report on Tuesday, February 6th. Finally, Robert W. Baird boosted their target price on Everbridge from $29.00 to $35.00 and gave the company a neutral rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $29.75.

Everbridge Trading Up 0.0 %

NASDAQ:EVBG opened at $34.76 on Tuesday. The firm has a market cap of $1.45 billion, a PE ratio of -22.28, a price-to-earnings-growth ratio of 1.04 and a beta of 0.95. The stock has a fifty day moving average price of $34.81 and a 200 day moving average price of $28.23. Everbridge has a 12-month low of $18.50 and a 12-month high of $35.70. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.03.

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). The company had revenue of $115.76 million during the quarter, compared to analysts’ expectations of $114.70 million. Everbridge had a negative net margin of 11.67% and a positive return on equity of 5.26%. Sell-side analysts anticipate that Everbridge will post 0.71 earnings per share for the current fiscal year.

Insider Activity at Everbridge

In related news, insider Bryan Reed Barney sold 3,344 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $34.84, for a total value of $116,504.96. Following the transaction, the insider now owns 15,595 shares in the company, valued at approximately $543,329.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everbridge

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. acquired a new position in Everbridge during the 4th quarter worth approximately $757,000. Deutsche Bank AG increased its position in Everbridge by 43.9% during the 3rd quarter. Deutsche Bank AG now owns 148,672 shares of the technology company’s stock worth $3,333,000 after purchasing an additional 45,384 shares during the period. Kent Lake Capital LLC acquired a new position in Everbridge during the 4th quarter worth approximately $6,078,000. Kennedy Capital Management LLC increased its position in Everbridge by 20.1% during the 3rd quarter. Kennedy Capital Management LLC now owns 38,944 shares of the technology company’s stock worth $873,000 after purchasing an additional 6,517 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Everbridge during the 3rd quarter worth approximately $1,663,000. Institutional investors and hedge funds 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.