Everbridge (NASDAQ:EVBG) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Everbridge (NASDAQ:EVBG) in a research note issued to investors on Sunday. The firm set a “hold” rating on the technology company’s stock.

Other research analysts have also issued reports about the company. Canaccord Genuity Group increased their price objective on Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a research note on Monday, March 4th. William Blair downgraded shares of Everbridge from an “outperform” rating to a “market perform” rating in a report on Monday, February 5th. 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 research note on Tuesday, February 6th. Raymond James reaffirmed a “market perform” rating on shares of Everbridge in a report on Wednesday, February 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Everbridge in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $29.00.

Everbridge Trading Down 0.0 %

Shares of Everbridge stock opened at $34.79 on Friday. The company’s fifty day moving average price is $34.48 and its two-hundred day moving average price is $27.00. The firm has a market capitalization of $1.44 billion, a PE ratio of -24.33, a price-to-earnings-growth ratio of 0.94 and a beta of 0.95. Everbridge has a 52-week low of $18.50 and a 52-week high of $35.70. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.74 and a quick ratio of 0.74.

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

Insider Buying and Selling

In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $34.84, for a total transaction 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 approximately $543,329.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Institutional Trading of Everbridge

Institutional investors have recently bought and sold shares of the business. Steph & Co. boosted its position in shares of Everbridge by 48.4% in the 3rd quarter. Steph & Co. now owns 4,245 shares of the technology company’s stock worth $95,000 after purchasing an additional 1,384 shares during the last quarter. Y.D. More Investments Ltd grew its position in shares of Everbridge by 10.2% during the 3rd quarter. Y.D. More Investments Ltd now owns 5,709 shares of the technology company’s stock worth $135,000 after buying an additional 529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased 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 acquiring an additional 2,225 shares during the last quarter. Syon Capital LLC acquired a new stake in shares of Everbridge in the 4th quarter valued at approximately $219,000. Finally, Fox Run Management L.L.C. bought a new position in Everbridge during the 3rd quarter worth approximately $223,000. Institutional investors and hedge funds own 89.95% of the company’s stock.

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.