Everbridge, Inc. (NASDAQ:EVBG) Given Consensus Rating of “Reduce” by Brokerages

Everbridge, Inc. (NASDAQ:EVBGGet Free Report) has been given an average rating of “Reduce” by the ten brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $29.00.

Several research analysts recently weighed in on the stock. Raymond James restated a “market perform” rating on shares of Everbridge in a research report on Wednesday, February 7th. Canaccord Genuity Group upped their price objective on shares of Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a research report on Monday, March 4th. Wells Fargo & Company upgraded shares of Everbridge from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, February 6th. StockNews.com initiated coverage on shares of Everbridge in a research report on Wednesday. They set a “hold” rating on the stock. Finally, Robert W. Baird increased their price target on shares of Everbridge from $21.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th.

View Our Latest Research Report on EVBG

Insider Buying and Selling

In other news, 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 directly owns 15,595 shares in the company, valued at approximately $543,329.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 124,985 shares of the company’s stock, valued at approximately $2,848,408.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bryan Reed Barney sold 3,344 shares of Everbridge stock in a transaction that occurred 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 transaction, the insider now directly owns 15,595 shares of the company’s stock, valued at $543,329.80. The disclosure for this sale can be found here. Insiders have sold 10,747 shares of company stock valued at $289,103 in the last 90 days. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Everbridge

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in Everbridge by 140.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 841 shares of the technology company’s stock valued at $25,000 after acquiring an additional 491 shares during the period. State of Wyoming acquired a new stake in Everbridge in the 4th quarter valued at $28,000. Coppell Advisory Solutions Corp. acquired a new stake in Everbridge in the 4th quarter valued at $45,000. Point72 Middle East FZE acquired a new stake in Everbridge in the 4th quarter valued at $49,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Everbridge during the 1st quarter worth $90,000. 89.95% of the stock is owned by hedge funds and other institutional investors.

Everbridge Trading Up 0.2 %

Shares of EVBG opened at $34.90 on Friday. The business’s 50-day moving average price is $30.43 and its 200-day moving average price is $24.86. Everbridge has a twelve month low of $18.50 and a twelve month high of $35.70. The stock has a market cap of $1.45 billion, a PE ratio of -24.41, a P/E/G ratio of 0.94 and a beta of 0.96. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.98.

Everbridge (NASDAQ:EVBGGet Free Report) last announced its quarterly earnings results 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 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 the consensus estimate of $114.70 million. On average, equities analysts forecast that Everbridge will post 0.78 EPS for the current fiscal year.

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.

See Also

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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