StockNews.com began coverage on shares of Everbridge (NASDAQ:EVBG – Free Report) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the technology company’s stock.
A number of other equities research analysts have also recently issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of Everbridge from $28.60 to $35.00 and gave the company a hold rating in a research note on Monday, March 4th. Needham & Company LLC reiterated a hold rating on shares of Everbridge in a report on Monday, May 13th. Robert W. Baird boosted their price objective on Everbridge from $29.00 to $35.00 and gave the stock a neutral rating in a research note on Tuesday, May 14th. Finally, Truist Financial lifted their price target on Everbridge from $20.00 to $35.00 and gave the stock a hold rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $29.75.
Everbridge Trading Up 0.2 %
Shares of NASDAQ:EVBG opened at $34.76 on Friday. 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 has a 12-month low of $18.50 and a 12-month high of $36.31. The business has a 50 day moving average of $34.78 and a two-hundred day moving average of $30.29. The company has a market capitalization of $1.45 billion, a PE ratio of -22.28, a PEG ratio of 0.94 and a beta of 1.01.
Everbridge (NASDAQ:EVBG – Get Free Report) last posted its earnings results on Thursday, May 9th. The technology company reported ($0.09) earnings per share 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 firm had revenue of $111.43 million for the quarter, compared to analysts’ expectations of $111.90 million. As a group, analysts forecast 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 3,344 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $34.84, for a total value of $116,504.96. Following the sale, the insider now directly owns 15,595 shares of the company’s stock, valued at approximately $543,329.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Everbridge
A number of institutional investors have recently modified their holdings of EVBG. Lead Edge Capital Management LLC purchased a new position in Everbridge during the 3rd quarter valued at about $18,568,000. Gabelli Funds LLC acquired a new position in shares of Everbridge in the first quarter valued at approximately $15,842,000. Norges Bank acquired a new position in shares of Everbridge in the fourth quarter valued at approximately $7,016,000. Kent Lake Capital LLC purchased a new stake in Everbridge during the 4th quarter worth approximately $6,078,000. Finally, Harber Asset Management LLC lifted its holdings in 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 in the last quarter. 89.95% of the stock is owned by institutional investors and hedge funds.
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.