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

StockNews.com started coverage on shares of Everbridge (NASDAQ:EVBGFree Report) in a report issued on Monday. The brokerage issued a hold rating on the technology company’s stock.

EVBG has been the topic of a number of other reports. Robert W. Baird lifted their price objective on shares of Everbridge from $29.00 to $35.00 and gave the stock a neutral rating in a report on Tuesday, May 14th. Needham & Company LLC restated a hold rating on shares of Everbridge in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to data from MarketBeat, Everbridge currently has an average rating of Hold and an average target price of $29.75.

Read Our Latest Analysis on Everbridge

Everbridge Price Performance

Everbridge stock opened at $35.00 on Monday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -22.44, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The firm’s fifty day moving average price is $34.80 and its two-hundred day moving average price is $31.41. Everbridge has a 1-year low of $18.50 and a 1-year high of $36.31. 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 (NASDAQ:EVBGGet Free Report) last posted its earnings results on Thursday, May 9th. The technology company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). The business had revenue of $111.43 million during the quarter, compared to analyst estimates of $111.90 million. Everbridge had a positive return on equity of 5.26% and a negative net margin of 11.67%. On average, equities research analysts predict that Everbridge will post 0.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Bryan Reed Barney sold 3,276 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $34.99, for a total transaction of $114,627.24. Following the completion of the transaction, the insider now directly owns 18,569 shares of the company’s stock, valued at approximately $649,729.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Everbridge

Several large investors have recently modified their holdings of the business. Gabelli Funds LLC purchased a new stake in shares of Everbridge during the 1st quarter valued at approximately $15,842,000. Norges Bank bought a new stake in Everbridge during the 4th quarter valued at $7,016,000. Kent Lake Capital LLC bought a new stake in Everbridge during the 4th quarter valued at $6,078,000. Harber Asset Management LLC lifted its position in shares of Everbridge by 49.4% during the fourth quarter. Harber Asset Management LLC now owns 554,932 shares of the technology company’s stock worth $13,490,000 after acquiring an additional 183,471 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Everbridge by 2.9% in the third quarter. Vanguard Group Inc. now owns 5,797,576 shares of the technology company’s stock worth $129,982,000 after acquiring an additional 164,788 shares during the period. Hedge funds and other institutional investors own 89.95% of the company’s stock.

Everbridge Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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