Everbridge (NASDAQ:EVBG) Receives New Coverage from Analysts at StockNews.com

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

Several other equities research analysts have also issued reports on the stock. Canaccord Genuity Group raised their price target on shares of Everbridge from $28.60 to $35.00 and gave the stock a hold rating in a research note on Monday, March 4th. Robert W. Baird boosted their target price on Everbridge from $29.00 to $35.00 and gave the company a neutral rating in a research note on Tuesday, May 14th. Needham & Company LLC reaffirmed a hold rating on shares of Everbridge in a research report on Monday, May 13th. Finally, Truist Financial lifted their price objective on Everbridge from $20.00 to $35.00 and gave the stock a hold rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat, Everbridge currently has an average rating of Hold and an average price target of $29.75.

Everbridge Stock Performance

Shares of EVBG opened at $35.00 on Friday. The stock has a 50 day moving average of $34.78 and a 200 day moving average of $31.02. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -22.44, a PEG ratio of 0.95 and a beta of 0.98. Everbridge has a 12 month low of $18.50 and a 12 month high of $36.31. 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 announced its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). The business had revenue of $111.43 million during the quarter, compared to the consensus estimate of $111.90 million. Everbridge had a negative net margin of 11.67% and a positive return on equity of 5.26%. As a group, sell-side analysts forecast that Everbridge will post 0.78 earnings per share for the current year.

Insider Activity

In related news, insider Bryan Reed Barney sold 3,276 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $34.99, for a total transaction of $114,627.24. Following the completion of the transaction, the insider now owns 18,569 shares of the company’s stock, valued at $649,729.31. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Everbridge

Several large investors have recently added to or reduced their stakes in the business. Lead Edge Capital Management LLC bought a new position in shares of Everbridge in the third quarter worth approximately $18,568,000. Gabelli Funds LLC bought a new position in shares of Everbridge in the 1st quarter worth $15,842,000. Norges Bank purchased a new stake in shares of Everbridge during the 4th quarter valued at $7,016,000. Kent Lake Capital LLC bought a new stake in shares of Everbridge during the 4th quarter worth $6,078,000. Finally, Harber Asset Management LLC grew its position in Everbridge by 49.4% in the fourth quarter. Harber Asset Management LLC now owns 554,932 shares of the technology company’s stock worth $13,490,000 after acquiring an additional 183,471 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.