Everbridge (NASDAQ:EVBG – Get Free Report) was downgraded by stock analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a note issued to investors on Wednesday, MarketBeat.com reports.
Other equities analysts also recently issued reports about the company. The Goldman Sachs Group lowered their price objective on Everbridge from $27.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 10th. Raymond James lowered their price objective on Everbridge from $30.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. Truist Financial lowered their price objective on Everbridge from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, November 10th. William Blair restated an “outperform” rating on shares of Everbridge in a research note on Friday, November 10th. Finally, StockNews.com initiated coverage on Everbridge in a research note on Thursday, October 5th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Everbridge presently has an average rating of “Hold” and a consensus target price of $26.13.
Everbridge Stock Performance
NASDAQ EVBG opened at $23.88 on Wednesday. The company has a market cap of $980.75 million, a P/E ratio of -21.51, a P/E/G ratio of 1.10 and a beta of 0.80. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50-day moving average of $21.07 and a two-hundred day moving average of $24.09. Everbridge has a 1-year low of $18.50 and a 1-year high of $35.55.
Everbridge (NASDAQ:EVBG – Get Free Report) last announced its quarterly earnings data on Thursday, November 9th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.17. Everbridge had a positive return on equity of 6.62% and a negative net margin of 2.63%. The business had revenue of $114.19 million during the quarter, compared to the consensus estimate of $113.65 million. As a group, analysts anticipate that Everbridge will post 0.46 EPS for the current year.
Insider Buying and Selling at Everbridge
In other Everbridge news, CEO David Wagner sold 3,160 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $20.58, for a total value of $65,032.80. Following the completion of the sale, the chief executive officer now owns 46,949 shares in the company, valued at $966,210.42. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders sold 5,584 shares of company stock worth $115,345. 0.44% of the stock is owned by insiders.
Institutional Investors Weigh In On Everbridge
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its stake in shares of Everbridge by 6.2% during the first quarter. Hsbc Holdings PLC now owns 5,220 shares of the technology company’s stock worth $229,000 after purchasing an additional 305 shares during the last quarter. Y.D. More Investments Ltd raised its stake in shares of Everbridge by 8.0% during the second quarter. Y.D. More Investments Ltd now owns 5,180 shares of the technology company’s stock worth $139,000 after purchasing an additional 383 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Everbridge by 0.7% during the first quarter. Rhumbline Advisers now owns 61,149 shares of the technology company’s stock worth $2,120,000 after purchasing an additional 431 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Everbridge by 1.1% during the second quarter. Alliancebernstein L.P. now owns 42,928 shares of the technology company’s stock worth $1,155,000 after purchasing an additional 452 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Everbridge by 2.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,398 shares of the technology company’s stock worth $777,000 after purchasing an additional 473 shares during the last quarter. Hedge funds and other institutional investors own 91.44% 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.