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

StockNews.com assumed coverage on shares of Everbridge (NASDAQ:EVBG) in a research report released on Friday morning. The firm issued a hold rating on the technology company’s stock.

EVBG has been the subject of a number of other research reports. Canaccord Genuity Group raised their target price on Everbridge from $28.60 to $35.00 and gave the company a hold rating in a research note on Monday, March 4th. Wells Fargo & Company upgraded Everbridge from an underweight rating to an equal weight rating in a research note on Tuesday, February 6th. William Blair cut Everbridge from an outperform rating to a market perform rating in a research note on Monday, February 5th. Truist Financial raised their target price on Everbridge from $20.00 to $35.00 and gave the company a hold rating in a research note on Monday, March 4th. Finally, Raymond James restated a market perform rating on shares of Everbridge in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, Everbridge currently has a consensus rating of Hold and a consensus price target of $29.00.

Everbridge Stock Performance

NASDAQ EVBG opened at $34.88 on Friday. Everbridge has a fifty-two week low of $18.50 and a fifty-two week 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 stock has a 50 day simple moving average of $33.04 and a two-hundred day simple moving average of $25.91.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, February 26th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Everbridge had a positive return on equity of 6.46% and a negative net margin of 10.54%. The business had revenue of $115.76 million during the quarter, compared to analysts’ expectations of $114.70 million. Research analysts forecast that Everbridge will post 0.78 earnings per share for the current year.

Insider Buying and Selling at Everbridge

In other Everbridge news, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $22.79, for a total value of $144,944.40. Following the completion of the sale, the chief financial officer now owns 124,985 shares of the company’s stock, valued at approximately $2,848,408.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Everbridge news, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $22.79, for a total value of $144,944.40. Following the completion of the sale, the chief financial officer now owns 124,985 shares of the company’s stock, valued at approximately $2,848,408.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bryan Reed Barney sold 3,344 shares of Everbridge stock in a transaction on Monday, April 1st. The stock was sold at an average price of $34.84, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,747 shares of company stock worth $289,103. 0.56% of the stock is owned by insiders.

Institutional Trading of Everbridge

A number of institutional investors and hedge funds have recently modified their holdings of EVBG. US Bancorp DE grew its holdings in shares of Everbridge by 53.1% in the first quarter. US Bancorp DE now owns 4,527 shares of the technology company’s stock worth $197,000 after acquiring an additional 1,570 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Everbridge by 42.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,702 shares of the technology company’s stock worth $205,000 after acquiring an additional 1,399 shares during the period. MetLife Investment Management LLC bought a new stake in shares of Everbridge in the first quarter worth $111,000. Great West Life Assurance Co. Can grew its holdings in shares of Everbridge by 68.5% in the first quarter. Great West Life Assurance Co. Can now owns 133,250 shares of the technology company’s stock worth $5,957,000 after acquiring an additional 54,153 shares during the period. Finally, Synovus Financial Corp grew its holdings in shares of Everbridge by 38.0% in the first quarter. Synovus Financial Corp now owns 6,595 shares of the technology company’s stock worth $286,000 after acquiring an additional 1,817 shares during the period. Institutional investors own 89.95% of the company’s stock.

Everbridge Company Profile

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.