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

Equities researchers at StockNews.com began coverage on shares of Everbridge (NASDAQ:EVBG) in a report released on Tuesday. The firm set a “hold” rating on the technology company’s stock.

EVBG has been the topic of several other reports. Truist Financial increased their target price on Everbridge from $20.00 to $35.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Raymond James reaffirmed a “market perform” rating on shares of Everbridge in a research note on Wednesday, February 7th. Wells Fargo & Company raised Everbridge from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th. Canaccord Genuity Group raised their price objective on Everbridge from $28.60 to $35.00 and gave the company a “hold” rating in a research note on Monday, March 4th. Finally, William Blair lowered Everbridge from an “outperform” rating to a “market perform” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat, Everbridge presently has a consensus rating of “Hold” and a consensus target price of $29.00.

Everbridge Stock Performance

EVBG opened at $34.81 on Tuesday. The firm has a market cap of $1.44 billion, a P/E ratio of -24.34, a price-to-earnings-growth ratio of 1.00 and a beta of 0.94. 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 business’s fifty day moving average is $29.42 and its 200-day moving average is $24.55.

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 the consensus estimate of $0.22 by ($0.01). The company had revenue of $115.76 million for the quarter, compared to analyst estimates of $114.70 million. Everbridge had a positive return on equity of 6.46% and a negative net margin of 10.54%. Sell-side analysts expect that Everbridge will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling at Everbridge

In other Everbridge news, insider Bryan Reed Barney sold 7,509 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $23.52, for a total value of $176,611.68. Following the completion of the transaction, the insider now directly owns 18,221 shares in the company, valued at $428,557.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Patrick Brickley sold 6,360 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $22.79, for a total transaction of $144,944.40. Following the completion of the transaction, the chief financial officer now directly owns 124,985 shares in the company, valued at $2,848,408.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bryan Reed Barney sold 7,509 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Over the last three months, insiders sold 15,062 shares of company stock worth $352,738. 0.44% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everbridge

A number of hedge funds have recently made changes to their positions in EVBG. Lead Edge Capital Management LLC bought a new position in shares of Everbridge during the third quarter worth about $18,568,000. Polar Asset Management Partners Inc. bought a new stake in Everbridge in the first quarter worth approximately $22,179,000. Allspring Global Investments Holdings LLC increased its holdings in Everbridge by 10,789.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 551,548 shares of the technology company’s stock worth $12,366,000 after purchasing an additional 546,483 shares in the last quarter. Vanguard Group Inc. increased its holdings in Everbridge by 14.5% in the first quarter. Vanguard Group Inc. now owns 4,047,870 shares of the technology company’s stock worth $176,649,000 after purchasing an additional 511,847 shares in the last quarter. Finally, Norges Bank bought a new stake in Everbridge in the fourth quarter worth approximately $11,476,000. 89.95% of the stock is currently owned by institutional investors.

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.