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

Shares of Everbridge, Inc. (NASDAQ:EVBG) have earned an average rating of “Reduce” from the ten brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $29.75.

Several brokerages have recently weighed in on EVBG. Needham & Company LLC reissued a “hold” rating on shares of Everbridge in a research report on Monday, May 13th. Robert W. Baird raised their price objective on shares of Everbridge from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Finally, StockNews.com assumed coverage on Everbridge in a report on Monday. They set a “hold” rating for the company.

Everbridge Price Performance

Shares of EVBG stock opened at $35.00 on Friday. Everbridge has a 52-week low of $18.50 and a 52-week high of $36.31. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -22.44, a PEG ratio of 0.95 and a beta of 0.98. The firm’s 50-day moving average is $34.80 and its 200-day moving average is $31.43. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.72 and a current ratio of 0.72.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.09) earnings per share (EPS) 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 business had revenue of $111.43 million during the quarter, compared to the consensus estimate of $111.90 million. Sell-side analysts predict that Everbridge will post 0.78 EPS for the current year.

Insider Buying and Selling at Everbridge

In other news, insider Bryan Reed Barney sold 3,276 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $34.99, for a total transaction of $114,627.24. Following the sale, the insider now directly owns 18,569 shares of the company’s stock, valued at approximately $649,729.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.44% of the company’s stock.

Institutional Trading of Everbridge

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Everbridge by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 5,960,756 shares of the technology company’s stock worth $144,906,000 after purchasing an additional 163,180 shares during the last quarter. Harber Asset Management LLC lifted its position in shares of Everbridge by 49.4% during the 4th quarter. Harber Asset Management LLC now owns 554,932 shares of the technology company’s stock worth $13,490,000 after buying an additional 183,471 shares during the last quarter. Gabelli Funds LLC acquired a new stake in Everbridge in the first quarter valued at about $15,842,000. Mirae Asset Global Investments Co. Ltd. grew its position in Everbridge by 12.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 416,389 shares of the technology company’s stock valued at $10,122,000 after acquiring an additional 46,695 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Everbridge by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 371,278 shares of the technology company’s stock worth $9,026,000 after acquiring an additional 2,770 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.