Everbridge (NASDAQ:EVBG) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Everbridge (NASDAQ:EVBGGet Free Report) in a research note issued to investors on Saturday. The firm set a “hold” rating on the technology company’s stock.

EVBG has been the subject of a number of other research reports. Robert W. Baird increased their target price on shares of Everbridge from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Canaccord Genuity Group increased their price target on Everbridge from $28.60 to $35.00 and gave the company a “hold” rating in a report on Monday, March 4th. Truist Financial boosted their price objective on Everbridge from $20.00 to $35.00 and gave the stock a “hold” rating in a research note on Monday, March 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Everbridge in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.75.

View Our Latest Report on EVBG

Everbridge Stock Performance

Shares of NASDAQ EVBG opened at $34.76 on Friday. The company has a 50-day simple moving average of $34.78 and a 200-day simple moving average of $30.41. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $1.45 billion, a PE ratio of -22.28, a price-to-earnings-growth ratio of 0.94 and a beta of 1.01. Everbridge has a 12 month low of $18.50 and a 12 month high of $36.31.

Everbridge (NASDAQ:EVBGGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.21). The business had revenue of $111.43 million for 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 analysts anticipate that Everbridge will post 0.78 earnings per share for the current year.

Insider Transactions at Everbridge

In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $34.84, for a total value of $116,504.96. Following the transaction, the insider now owns 15,595 shares of the company’s stock, valued at $543,329.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EVBG. Swiss National Bank raised its stake in shares of Everbridge by 0.9% during the first quarter. Swiss National Bank now owns 81,100 shares of the technology company’s stock valued at $2,825,000 after purchasing an additional 700 shares in the last quarter. Kennedy Capital Management LLC increased its stake in Everbridge by 2.3% during the 1st quarter. Kennedy Capital Management LLC now owns 46,961 shares of the technology company’s stock valued at $1,636,000 after buying an additional 1,070 shares during the period. Y.D. More Investments Ltd raised its position in shares of 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 buying an additional 1,149 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Everbridge by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,173 shares of the technology company’s stock worth $773,000 after acquiring an additional 1,370 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Everbridge by 23.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 14,376 shares of the technology company’s stock valued at $498,000 after acquiring an additional 2,760 shares in the last quarter. 89.95% of the stock is owned by institutional investors and hedge funds.

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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