StockNews.com Begins Coverage on Everbridge (NASDAQ:EVBG)

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

EVBG has been the subject of a number of other research reports. Truist Financial upped their price target on Everbridge from $20.00 to $35.00 and gave the company a “hold” rating in a research 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. Robert W. Baird upped their price objective on shares of Everbridge from $21.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Raymond James reaffirmed a “market perform” rating on shares of Everbridge in a research note on Wednesday, February 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Everbridge in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $29.00.

Everbridge Price Performance

Shares of NASDAQ EVBG opened at $34.80 on Friday. The firm’s fifty day moving average is $34.35 and its 200 day moving average is $26.86. Everbridge has a 52 week low of $18.50 and a 52 week high of $35.70. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -24.34, a PEG ratio of 0.94 and a beta of 0.95.

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

Insider Buying and Selling

In related news, insider Bryan Reed Barney sold 3,344 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $34.84, for a total transaction of $116,504.96. Following the sale, the insider now owns 15,595 shares of the company’s stock, valued at $543,329.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in shares of Everbridge by 28.2% in the first quarter. Principal Financial Group Inc. now owns 30,996 shares of the technology company’s stock worth $1,080,000 after acquiring an additional 6,820 shares during the last quarter. Horrell Capital Management Inc. boosted its stake in Everbridge by 10.0% in the 1st quarter. Horrell Capital Management Inc. now owns 110,000 shares of the technology company’s stock worth $3,831,000 after purchasing an additional 10,000 shares in the last quarter. Vanguard Group Inc. grew its position in Everbridge by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 5,960,756 shares of the technology company’s stock valued at $144,906,000 after purchasing an additional 163,180 shares during the last quarter. Syon Capital LLC bought a new stake in Everbridge during the 4th quarter valued at about $219,000. Finally, Kent Lake Capital LLC purchased a new position in Everbridge in the fourth quarter worth about $6,078,000. 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.