Barclays Reiterates “Maintains” Rating for Everbridge (NASDAQ:EVBG)

Everbridge (NASDAQ:EVBGGet Rating)‘s stock had its “maintains” rating restated by Barclays in a research report issued on Tuesday, Benzinga reports.

EVBG has been the subject of a number of other research reports. Stifel Nicolaus lowered their price objective on Everbridge from $40.00 to $32.00 in a research note on Monday. StockNews.com downgraded Everbridge from a “hold” rating to a “sell” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.43.

Everbridge Trading Up 0.3 %

Shares of Everbridge stock traded up $0.07 during mid-day trading on Tuesday, hitting $26.71. 3,269 shares of the stock were exchanged, compared to its average volume of 603,568. Everbridge has a twelve month low of $24.68 and a twelve month high of $167.40. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -11.07 and a beta of 1.01. The company has a 50-day simple moving average of $32.85 and a 200 day simple moving average of $41.13. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 2.63.

Everbridge (NASDAQ:EVBGGet Rating) last posted its quarterly earnings data on Monday, May 9th. The technology company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.73) by $0.56. The company had revenue of $100.38 million during the quarter, compared to the consensus estimate of $98.82 million. Everbridge had a negative net margin of 23.82% and a negative return on equity of 9.28%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.13) EPS. Research analysts forecast that Everbridge will post -1.55 EPS for the current year.

Insider Buying and Selling

In related news, insider Ajay Nigam sold 3,316 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $39.29, for a total value of $130,285.64. Following the completion of the sale, the insider now directly owns 15,140 shares in the company, valued at approximately $594,850.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Everbridge news, insider Ajay Nigam sold 3,316 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $39.29, for a total value of $130,285.64. Following the sale, the insider now owns 15,140 shares of the company’s stock, valued at approximately $594,850.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vernon Irvin sold 794 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $43.11, for a total value of $34,229.34. Following the completion of the transaction, the chief executive officer now directly owns 2,378 shares of the company’s stock, valued at approximately $102,515.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,839 shares of company stock worth $195,628. Insiders own 0.44% of the company’s stock.

Institutional Trading of Everbridge

Several large investors have recently made changes to their positions in the business. Prospera Financial Services Inc acquired a new stake in shares of Everbridge in the first quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Everbridge by 75.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 700 shares of the technology company’s stock valued at $47,000 after purchasing an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Everbridge by 419.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,173 shares of the technology company’s stock valued at $79,000 after purchasing an additional 947 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Everbridge by 571.0% in the first quarter. Signaturefd LLC now owns 1,181 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,005 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Everbridge in the first quarter valued at approximately $90,000. Institutional investors own 97.63% of the company’s stock.

Everbridge Company Profile

(Get Rating)

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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