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

Research analysts at StockNews.com initiated coverage on shares of Everbridge (NASDAQ:EVBG) in a research note issued on Tuesday. The firm set a “hold” rating on the technology company’s stock.

EVBG has been the topic of several other research reports. Wells Fargo & Company raised Everbridge from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th. Robert W. Baird increased their price target on Everbridge from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Needham & Company LLC reiterated a “hold” rating on shares of Everbridge in a report on Monday, May 13th. Canaccord Genuity Group increased their price objective on Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Finally, Raymond James reiterated a “market perform” rating on shares of Everbridge in a report on Wednesday, February 7th. One 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, Everbridge has a consensus rating of “Hold” and a consensus target price of $29.75.

Everbridge Price Performance

Shares of EVBG stock opened at $34.75 on Tuesday. The stock’s fifty day simple moving average is $34.81 and its 200 day simple moving average is $28.18. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -22.28, a P/E/G ratio of 1.04 and a beta of 0.95. Everbridge has a one year low of $18.50 and a one year high of $35.70.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, February 26th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Everbridge had a positive return on equity of 5.26% and a negative net margin of 11.67%. The business had revenue of $115.76 million during the quarter, compared to analyst estimates of $114.70 million. On average, analysts expect that Everbridge will post 0.71 earnings per share for the current fiscal year.

Insider Activity at Everbridge

In related news, insider Bryan Reed Barney sold 3,344 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly 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 accessible through the SEC website. Insiders own 0.44% of the company’s stock.

Institutional Trading of Everbridge

A number of hedge funds have recently made changes to their positions in the business. Swiss National Bank lifted its position in shares of Everbridge by 0.9% in the first quarter. Swiss National Bank now owns 81,100 shares of the technology company’s stock valued at $2,825,000 after buying an additional 700 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of Everbridge by 2.3% in the first quarter. Kennedy Capital Management LLC now owns 46,961 shares of the technology company’s stock valued at $1,636,000 after buying an additional 1,070 shares during the last quarter. Y.D. More Investments Ltd lifted its position in shares of Everbridge by 20.1% in the fourth quarter. Y.D. More Investments Ltd now owns 6,858 shares of the technology company’s stock valued at $155,000 after buying an additional 1,149 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Everbridge by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,173 shares of the technology company’s stock worth $773,000 after purchasing an additional 1,370 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Everbridge by 37.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the technology company’s stock worth $183,000 after purchasing an additional 2,225 shares during the period. 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.