Brokerages Set Everbridge, Inc. (NASDAQ:EVBG) Price Target at $29.00

Everbridge, Inc. (NASDAQ:EVBG) has been assigned a consensus recommendation of “Reduce” from the ten analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $29.00.

A number of brokerages have recently issued reports on EVBG. Raymond James restated a “market perform” rating on shares of Everbridge in a report on Wednesday, February 7th. StockNews.com assumed coverage on Everbridge in a research report on Friday, April 19th. They issued a “hold” rating on the stock. Truist Financial increased their price target on Everbridge from $20.00 to $35.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Wells Fargo & Company upgraded shares of Everbridge from an “underweight” rating to an “equal weight” rating in a report on Tuesday, February 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Everbridge in a research note on Monday, February 5th.

Insider Activity at Everbridge

In related news, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $22.79, for a total value of $144,944.40. Following the completion of the transaction, the chief financial officer now owns 124,985 shares in the company, valued at $2,848,408.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Bryan Reed Barney sold 3,344 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $34.84, for a total value of $116,504.96. Following the completion of the sale, the insider now directly owns 15,595 shares of the company’s stock, valued at $543,329.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Patrick Brickley sold 6,360 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $22.79, for a total transaction of $144,944.40. Following the transaction, the chief financial officer now owns 124,985 shares in the company, valued at $2,848,408.15. The disclosure for this sale can be found here. Insiders have sold a total of 10,747 shares of company stock valued at $289,103 over the last 90 days. 0.56% of the stock is owned by corporate insiders.

Institutional Trading of Everbridge

A number of large investors have recently bought and sold shares of the business. Y.D. More Investments Ltd raised its holdings in shares of Everbridge by 10.2% in the third quarter. Y.D. More Investments Ltd now owns 5,709 shares of the technology company’s stock valued at $135,000 after buying an additional 529 shares during the last quarter. Swiss National Bank raised its stake in Everbridge by 1.2% during the 3rd quarter. Swiss National Bank now owns 89,200 shares of the technology company’s stock valued at $2,000,000 after acquiring an additional 1,100 shares during the last quarter. Steph & Co. lifted its position in Everbridge by 48.4% during the 3rd quarter. Steph & Co. now owns 4,245 shares of the technology company’s stock worth $95,000 after acquiring an additional 1,384 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Everbridge by 37.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the technology company’s stock valued at $183,000 after purchasing an additional 2,225 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Everbridge by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 371,278 shares of the technology company’s stock valued at $9,026,000 after purchasing an additional 2,770 shares during the period. Institutional investors and hedge funds own 89.95% of the company’s stock.

Everbridge Stock Performance

NASDAQ EVBG opened at $34.90 on Tuesday. Everbridge has a fifty-two week low of $18.50 and a fifty-two week high of $35.70. The firm has a market capitalization of $1.45 billion, a P/E ratio of -24.41, a price-to-earnings-growth ratio of 0.95 and a beta of 0.96. The stock’s fifty day moving average is $33.57 and its two-hundred day moving average is $26.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Monday, February 26th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. The firm had revenue of $115.76 million for the quarter, compared to analyst estimates of $114.70 million. On average, research analysts anticipate that Everbridge will post 0.78 earnings per share for the current year.

Everbridge Company Profile

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.