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

Investment analysts at StockNews.com initiated coverage on shares of Everbridge (NASDAQ:EVBG) in a research note issued on Saturday. The firm set a “hold” rating on the technology company’s stock.

Several other research analysts also recently issued reports on EVBG. William Blair downgraded Everbridge from an “outperform” rating to a “market perform” rating in a research report on Monday, February 5th. Canaccord Genuity Group boosted their price objective on shares of Everbridge from $28.60 to $35.00 and gave the company a “hold” rating in a research note on Monday, March 4th. Truist Financial boosted their price objective on shares of Everbridge from $20.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, March 4th. Robert W. Baird boosted their price objective on shares of Everbridge from $21.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company raised shares of Everbridge from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat.com, Everbridge has a consensus rating of “Hold” and a consensus price target of $29.00.

Everbridge Price Performance

EVBG stock opened at $34.88 on Friday. The firm has a 50 day moving average of $33.71 and a 200-day moving average of $26.36. Everbridge has a 12-month low of $18.50 and a 12-month high of $35.70. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -24.39, a PEG ratio of 0.94 and a beta of 0.96.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Monday, February 26th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. The company had revenue of $115.76 million for the quarter, compared to analyst estimates of $114.70 million. As a group, equities analysts expect that Everbridge will post 0.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Bryan Reed Barney sold 3,344 shares of the company’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 completion of the sale, the insider now directly owns 15,595 shares of the company’s stock, valued at approximately $543,329.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Patrick Brickley sold 6,360 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $22.79, for a total transaction of $144,944.40. Following the completion of the sale, the chief financial officer now directly owns 124,985 shares in the company, valued at $2,848,408.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider now owns 15,595 shares of the company’s stock, valued at $543,329.80. The disclosure for this sale can be found here. In the last three months, insiders sold 10,747 shares of company stock valued at $289,103. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Everbridge

Several large investors have recently modified their holdings of the business. Y.D. More Investments Ltd grew its stake in shares of Everbridge by 10.2% during the third quarter. Y.D. More Investments Ltd now owns 5,709 shares of the technology company’s stock valued at $135,000 after acquiring an additional 529 shares in the last quarter. Swiss National Bank grew its stake in shares of Everbridge by 1.2% during the third quarter. Swiss National Bank now owns 89,200 shares of the technology company’s stock valued at $2,000,000 after acquiring an additional 1,100 shares in the last quarter. Steph & Co. lifted its position in shares of Everbridge by 48.4% during the third quarter. Steph & Co. now owns 4,245 shares of the technology company’s stock worth $95,000 after purchasing an additional 1,384 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of 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 last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Everbridge by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 371,278 shares of the technology company’s stock worth $9,026,000 after purchasing an additional 2,770 shares during the last quarter. 89.95% of the stock is currently owned by institutional investors and hedge funds.

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.