Everbridge (NASDAQ:EVBG) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Everbridge (NASDAQ:EVBG) in a report issued on Sunday. The brokerage issued a hold rating on the technology company’s stock.

Several other brokerages have also recently issued reports on EVBG. Canaccord Genuity Group lifted their target price on Everbridge from $28.60 to $35.00 and gave the stock a hold rating in a report on Monday, March 4th. Robert W. Baird raised their price target on Everbridge from $29.00 to $35.00 and gave the company a neutral rating in a report on Tuesday, May 14th. Needham & Company LLC reaffirmed a hold rating on shares of Everbridge in a report on Monday, May 13th. Finally, Truist Financial increased their target price on Everbridge from $20.00 to $35.00 and gave the company a hold rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $29.75.

Everbridge Stock Performance

Shares of EVBG opened at $35.00 on Friday. The firm has a market cap of $1.46 billion, a P/E ratio of -22.44, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.72 and a quick ratio of 0.72. Everbridge has a 1 year low of $18.50 and a 1 year high of $36.31. The company has a 50 day simple moving average of $34.78 and a two-hundred day simple moving average of $31.02.

Everbridge (NASDAQ:EVBG) last issued its earnings results on Thursday, May 9th. The technology company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). The company had revenue of $111.43 million for the quarter, compared to the consensus estimate of $111.90 million. Everbridge had a positive return on equity of 5.26% and a negative net margin of 11.67%. On average, equities analysts expect that Everbridge will post 0.78 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Bryan Reed Barney sold 3,276 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $34.99, for a total value of $114,627.24. Following the transaction, the insider now owns 18,569 shares of the company’s stock, valued at approximately $649,729.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Everbridge

A number of hedge funds have recently added to or reduced their stakes in EVBG. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Everbridge in the fourth quarter valued at approximately $757,000. Kent Lake Capital LLC bought a new stake in Everbridge during the 4th quarter valued at $6,078,000. Kennedy Capital Management LLC lifted its holdings in shares of Everbridge by 20.1% in the 3rd quarter. Kennedy Capital Management LLC now owns 38,944 shares of the technology company’s stock worth $873,000 after buying an additional 6,517 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Everbridge during the 4th quarter worth $1,809,000. Finally, Invenomic Capital Management LP purchased a new position in shares of Everbridge during the fourth quarter valued at $2,724,000. 89.95% of the stock is currently owned by institutional investors.

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.