Everbridge (NASDAQ:EVBG) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Everbridge (NASDAQ:EVBG) in a report released on Friday. The firm issued a hold rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on the company. Needham & Company LLC reiterated a hold rating on shares of Everbridge in a report on Monday, February 5th. Wells Fargo & Company upgraded Everbridge from an underweight rating to an equal weight rating in a report on Tuesday, February 6th. Canaccord Genuity Group lifted their target price on Everbridge from $28.60 to $35.00 and gave the stock a hold rating in a report on Monday, March 4th. Truist Financial lifted their target price on Everbridge from $20.00 to $35.00 and gave the stock a hold rating in a report on Monday, March 4th. Finally, William Blair downgraded Everbridge from an outperform rating to a market perform rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $29.00.

Everbridge Price Performance

Shares of EVBG opened at $34.88 on Friday. Everbridge has a 1 year low of $18.50 and a 1 year high of $35.70. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74. The business has a 50-day moving average of $33.04 and a 200-day moving average of $25.91.

Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data 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). Everbridge had a positive return on equity of 6.46% and a negative net margin of 10.54%. The company had revenue of $115.76 million for the quarter, compared to the consensus estimate of $114.70 million. Equities research analysts anticipate that Everbridge will post 0.78 EPS for the current fiscal year.

Insider Buying and Selling at Everbridge

In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the firm’s 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 owns 15,595 shares of the company’s stock, valued at $543,329.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Patrick Brickley sold 6,360 shares of Everbridge 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 of the company’s stock, valued at $2,848,408.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bryan Reed Barney sold 3,344 shares of Everbridge 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 transaction, the insider now directly owns 15,595 shares in the company, valued at approximately $543,329.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,747 shares of company stock valued at $289,103. Company insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EVBG. PNC Financial Services Group Inc. boosted its position in Everbridge by 140.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 841 shares of the technology company’s stock worth $25,000 after purchasing an additional 491 shares during the last quarter. State of Wyoming purchased a new position in Everbridge in the fourth quarter worth $28,000. Coppell Advisory Solutions Corp. purchased a new position in Everbridge in the fourth quarter worth $45,000. Point72 Middle East FZE purchased a new position in Everbridge in the fourth quarter worth $49,000. Finally, Tower Research Capital LLC TRC boosted its position in Everbridge by 141.1% in the third quarter. Tower Research Capital LLC TRC now owns 2,864 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,676 shares during the last quarter. Hedge funds and other 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.