Brokerages Set Everbridge, Inc. (NASDAQ:EVBG) PT at $29.75

Shares of Everbridge, Inc. (NASDAQ:EVBG) have been given a consensus recommendation of “Reduce” by the ten analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $29.75.

Several equities research analysts have issued reports on EVBG shares. StockNews.com started coverage on Everbridge in a report on Thursday, August 1st. They set a “hold” rating on the stock. Needham & Company LLC restated a “hold” rating on shares of Everbridge in a report on Monday, May 13th. Finally, Robert W. Baird lifted their price objective on Everbridge from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th.

Insider Transactions at Everbridge

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVBG. Quest Partners LLC acquired a new position in Everbridge during the 2nd quarter valued at approximately $40,000. Longfellow Investment Management Co. LLC boosted its position in Everbridge by 65.5% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 2,071 shares of the technology company’s stock worth $72,000 after acquiring an additional 820 shares during the period. Y.D. More Investments Ltd boosted its position in Everbridge by 20.1% during the 4th quarter. Y.D. More Investments Ltd now owns 6,858 shares of the technology company’s stock worth $155,000 after acquiring an additional 1,149 shares during the period. Syon Capital LLC acquired a new position in Everbridge during the 4th quarter worth $219,000. Finally, Mcdonald Capital Investors Inc. CA acquired a new position in Everbridge during the 2nd quarter worth $297,000. Institutional investors and hedge funds own 89.95% of the company’s stock.

Everbridge Stock Performance

Shares of NASDAQ:EVBG opened at $35.00 on Thursday. The company has a market cap of $1.46 billion, a P/E ratio of -22.44, a PEG ratio of 0.95 and a beta of 0.98. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.72 and a current ratio of 0.72. Everbridge has a one year low of $18.50 and a one year high of $36.31. The business’s 50-day simple moving average is $34.89 and its 200 day simple moving average is $33.12.

Everbridge (NASDAQ:EVBG) last announced its earnings results on Thursday, May 9th. The technology company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.21). The company had revenue of $111.43 million for the quarter, compared to analysts’ expectations of $111.90 million. Everbridge had a negative net margin of 11.67% and a positive return on equity of 5.26%. On average, sell-side analysts forecast that Everbridge will post 0.78 earnings per share for the current fiscal year.

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.