StockNews.com Begins Coverage on Everbridge (NASDAQ:EVBG)

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

Other equities analysts have also issued reports about the company. Truist Financial boosted their price objective on Everbridge from $20.00 to $35.00 and gave the company a hold rating in a research report on Monday, March 4th. Canaccord Genuity Group raised their price objective on shares of Everbridge from $28.60 to $35.00 and gave the stock a hold rating in a report on Monday, March 4th. Raymond James reaffirmed a market perform rating on shares of Everbridge in a research note on Wednesday, February 7th. William Blair downgraded Everbridge from an outperform rating to a market perform rating in a research note on Monday, February 5th. Finally, Robert W. Baird increased their price objective on Everbridge from $21.00 to $29.00 and gave the stock a neutral rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat.com, Everbridge presently has an average rating of Hold and an average target price of $29.00.

Everbridge Stock Down 0.1 %

Shares of NASDAQ EVBG opened at $34.77 on Friday. The firm has a 50 day moving average price of $34.61 and a 200 day moving average price of $27.11. 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 stock has a market cap of $1.44 billion, a P/E ratio of -24.31, a P/E/G 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.

Everbridge (NASDAQ:EVBG) last released 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). The firm had revenue of $115.76 million during the quarter, compared to the consensus estimate of $114.70 million. Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. Analysts expect that Everbridge will post 0.78 EPS for the current year.

Insider Transactions at Everbridge

In related news, insider Bryan Reed Barney sold 3,344 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $34.84, for a total transaction of $116,504.96. Following the transaction, the insider now directly owns 15,595 shares in the company, valued at $543,329.80. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Everbridge

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Steph & Co. lifted its position in shares of Everbridge by 48.4% in the third quarter. Steph & Co. now owns 4,245 shares of the technology company’s stock valued at $95,000 after buying an additional 1,384 shares during the last quarter. Y.D. More Investments Ltd lifted its holdings in Everbridge by 10.2% during the 3rd quarter. Y.D. More Investments Ltd now owns 5,709 shares of the technology company’s stock valued at $135,000 after purchasing an additional 529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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. Syon Capital LLC acquired a new position in shares of Everbridge in the fourth quarter valued at $219,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Everbridge in the third quarter valued at about $223,000. 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.