Everbridge, Inc. (NASDAQ:EVBG) Given Average Rating of “Reduce” by Analysts

Everbridge, Inc. (NASDAQ:EVBGGet Free Report) has received a consensus recommendation of “Reduce” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $29.75.

Several brokerages have recently issued reports on EVBG. StockNews.com began coverage on Everbridge in a research report on Friday, June 14th. They issued a “hold” rating on the stock. Needham & Company LLC restated a “hold” rating on shares of Everbridge in a research report on Monday, May 13th. Canaccord Genuity Group upped their price objective on Everbridge from $28.60 to $35.00 and gave the company a “hold” rating in a research report on Monday, March 4th. Truist Financial upped their price objective on Everbridge from $20.00 to $35.00 and gave the company a “hold” rating in a research report on Monday, March 4th. Finally, Robert W. Baird upped their price objective on Everbridge from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, May 14th.

Check Out Our Latest Analysis on Everbridge

Everbridge Stock Down 0.1 %

Everbridge stock opened at $34.70 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -22.24, a price-to-earnings-growth ratio of 0.94 and a beta of 1.01. Everbridge has a fifty-two week low of $18.50 and a fifty-two week high of $36.31. The stock’s fifty day moving average is $34.79 and its two-hundred day moving average is $30.13.

Everbridge (NASDAQ:EVBGGet Free Report) last posted its earnings results on Thursday, May 9th. The technology company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.21). Everbridge had a negative net margin of 11.67% and a positive return on equity of 5.26%. The firm had revenue of $111.43 million during the quarter, compared to analyst estimates of $111.90 million. Analysts predict that Everbridge will post 0.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Bryan Reed Barney sold 3,344 shares of the stock in a transaction dated 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 directly owns 15,595 shares in the company, valued at $543,329.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Everbridge

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in Everbridge during the fourth quarter worth about $757,000. Kent Lake Capital LLC acquired a new stake in Everbridge during the fourth quarter worth about $6,078,000. Deutsche Bank AG increased its stake in Everbridge by 43.9% during the third quarter. Deutsche Bank AG now owns 148,672 shares of the technology company’s stock worth $3,333,000 after acquiring an additional 45,384 shares during the last quarter. Kennedy Capital Management LLC increased its stake in Everbridge by 20.1% during the third quarter. Kennedy Capital Management LLC now owns 38,944 shares of the technology company’s stock worth $873,000 after acquiring an additional 6,517 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Everbridge during the third quarter worth about $1,663,000. 89.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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