Everbridge (NASDAQ:EVBG) Given New $29.00 Price Target 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 report released on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

EVBG has been the subject of several other research reports. Canaccord Genuity Group reaffirmed a hold rating and set a $28.60 price target on shares of Everbridge in a research report on Monday, February 5th. Raymond James dropped their price target on shares of Everbridge from $30.00 to $24.00 and set an outperform rating for the company in a research report on Friday, November 10th. The Goldman Sachs Group dropped their price target on shares of Everbridge from $27.00 to $23.00 and set a sell rating for the company 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. Finally, William Blair lowered shares of Everbridge from an outperform rating to a market perform rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $26.33.

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Everbridge Stock Performance

Shares of EVBG opened at $28.18 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -25.39, a PEG ratio of 0.74 and a beta of 0.89. The company’s 50 day simple moving average is $23.32 and its 200 day simple moving average is $23.00. Everbridge has a 1 year low of $18.50 and a 1 year high of $35.55.

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, beating the consensus estimate of $0.10 by $0.17. The business had revenue of $114.19 million for 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%. On average, sell-side analysts predict that Everbridge will post 0.44 EPS for the current year.

Insider Activity

In other news, CFO Patrick Brickley sold 6,360 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $22.79, for a total value of $144,944.40. Following the completion of the transaction, 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 is available through the SEC website. In other Everbridge news, insider Bryan Reed Barney sold 7,509 shares of the 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 transaction, the insider now directly owns 18,221 shares in the company, valued at approximately $428,557.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Patrick Brickley sold 6,360 shares of the 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 transaction, the chief financial officer now 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 sold 16,056 shares of company stock worth $373,135. 0.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Everbridge by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,797,576 shares of the technology company’s stock valued at $129,982,000 after acquiring an additional 164,788 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Everbridge by 0.7% in the 3rd quarter. Clearbridge Investments LLC now owns 2,027,344 shares of the technology company’s stock worth $45,453,000 after buying an additional 13,200 shares during the last quarter. Lead Edge Capital Management LLC bought a new position in shares of Everbridge in the 3rd quarter worth about $18,568,000. Geode Capital Management LLC lifted its position in shares of Everbridge by 6.1% in the 2nd quarter. Geode Capital Management LLC now owns 826,463 shares of the technology company’s stock worth $22,232,000 after buying an additional 47,714 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Everbridge by 61.9% in the 1st quarter. First Trust Advisors LP now owns 797,030 shares of the technology company’s stock worth $34,782,000 after buying an additional 304,867 shares during the last quarter. 91.44% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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