Everbridge (NASDAQ:EVBG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Everbridge (NASDAQ:EVBGFree Report) in a research report report published on Saturday morning. The brokerage issued a hold rating on the technology company’s stock.

Several other equities analysts also recently weighed in on the company. William Blair downgraded Everbridge from an outperform rating to a market perform rating in a research report on Monday, February 5th. Canaccord Genuity Group reaffirmed a hold rating and issued a $28.60 price objective on shares of Everbridge in a research report on Monday, February 5th. Wells Fargo & Company raised Everbridge from an underweight rating to an equal weight rating in a research report on Tuesday, February 6th. Raymond James reaffirmed a market perform rating on shares of Everbridge in a research report on Wednesday, February 7th. Finally, The Goldman Sachs Group cut their price objective on Everbridge from $27.00 to $23.00 and set a sell rating on the stock in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, Everbridge presently has an average rating of Hold and an average target price of $29.00.

Read Our Latest Research Report on Everbridge

Everbridge Stock Performance

NASDAQ EVBG opened at $35.59 on Friday. The company has a market cap of $1.47 billion, a P/E ratio of -24.89, a P/E/G ratio of 0.93 and a beta of 0.94. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74. The business’s 50 day moving average price is $25.27 and its 200-day moving average price is $23.24. Everbridge has a fifty-two week low of $18.50 and a fifty-two week high of $35.70.

Insider Buying and Selling at Everbridge

In other Everbridge news, CFO Patrick Brickley sold 6,360 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 124,985 shares of the company’s stock, valued at $2,848,408.15. 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 that occurred 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 transaction, the chief financial officer now owns 124,985 shares in the company, valued at $2,848,408.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bryan Reed Barney sold 7,509 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $23.52, for a total value of $176,611.68. Following the completion of the transaction, the insider now owns 18,221 shares in the company, valued at approximately $428,557.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,062 shares of company stock valued at $352,738. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Everbridge

A number of institutional investors have recently added to or reduced their stakes in EVBG. US Bancorp DE lifted its position in Everbridge by 53.1% during the first quarter. US Bancorp DE now owns 4,527 shares of the technology company’s stock worth $197,000 after buying an additional 1,570 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Everbridge by 42.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,702 shares of the technology company’s stock worth $205,000 after buying an additional 1,399 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Everbridge during the first quarter worth approximately $111,000. Great West Life Assurance Co. Can lifted its position in Everbridge by 68.5% during 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 buying an additional 54,153 shares in the last quarter. Finally, Synovus Financial Corp lifted its position in Everbridge by 38.0% during the first quarter. Synovus Financial Corp now owns 6,595 shares of the technology company’s stock worth $286,000 after buying an additional 1,817 shares in the last quarter. Hedge funds and other institutional investors own 91.44% of the company’s stock.

About Everbridge

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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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