Everbridge (NASDAQ:EVBG) Price Target Increased to $29.00 by Analysts at Robert W. Baird

Everbridge (NASDAQ:EVBGFree Report) had its price objective increased by Robert W. Baird from $21.00 to $29.00 in a research note published on Tuesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the technology company’s stock.

EVBG has been the topic of a number of other reports. Raymond James reduced their target price on shares of Everbridge from $30.00 to $24.00 and set an outperform rating on the stock in a research report on Friday, November 10th. Wells Fargo & Company raised shares of Everbridge from an underweight rating to an equal weight rating in a research report on Tuesday. William Blair reaffirmed a market perform rating on shares of Everbridge in a research report on Monday. The Goldman Sachs Group reduced their target price on shares of Everbridge from $27.00 to $23.00 and set a sell rating on the stock in a research report on Friday, November 10th. Finally, Truist Financial cut their price objective on shares of Everbridge from $23.00 to $20.00 and set a hold rating on the stock in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $26.33.

Check Out Our Latest Analysis on EVBG

Everbridge Stock Down 0.1 %

Shares of NASDAQ EVBG opened at $28.15 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $1.16 billion, a P/E ratio of -25.36, a PEG ratio of 0.74 and a beta of 0.89. Everbridge has a 1 year low of $18.50 and a 1 year high of $35.55. The firm has a 50-day simple moving average of $22.88 and a two-hundred day simple moving average of $22.94.

Everbridge (NASDAQ:EVBGGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.17. The business had revenue of $114.19 million during the quarter, compared to the consensus estimate of $113.65 million. Everbridge had a negative net margin of 2.63% and a positive return on equity of 6.62%. Research analysts anticipate that Everbridge will post 0.44 earnings per share for the current year.

Insider Transactions at Everbridge

In other news, insider Bryan Reed Barney sold 7,509 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $23.52, for a total transaction of $176,611.68. Following the transaction, the insider now directly owns 18,221 shares of the company’s stock, valued at $428,557.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Bryan Reed Barney sold 7,509 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $23.52, for a total transaction of $176,611.68. Following the sale, the insider now directly owns 18,221 shares of the company’s stock, valued at $428,557.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Patrick Brickley sold 6,360 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $22.79, for a total transaction of $144,944.40. Following the sale, the chief financial officer now directly owns 124,985 shares in the company, valued at $2,848,408.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,088 shares of company stock valued at $373,739. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Everbridge

A number of large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Everbridge by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 371,278 shares of the technology company’s stock valued at $9,026,000 after purchasing an additional 2,770 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in Everbridge by 20.1% in the fourth quarter. Y.D. More Investments Ltd now owns 6,858 shares of the technology company’s stock valued at $155,000 after purchasing an additional 1,149 shares during the last quarter. Syon Capital LLC purchased a new stake in Everbridge in the fourth quarter valued at $219,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Everbridge by 12.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 416,389 shares of the technology company’s stock valued at $10,122,000 after purchasing an additional 46,695 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Everbridge in the fourth quarter valued at $757,000. 91.44% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Articles

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

Receive News & Ratings for Everbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge and related companies with MarketBeat.com's FREE daily email newsletter.