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

Everbridge (NASDAQ:EVBG – Get 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:EVBG – Get 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

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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.