Everbridge (NASDAQ:EVBG) Hits New 1-Year High at $35.80

Shares of Everbridge, Inc. (NASDAQ:EVBG - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $35.80 and last traded at $35.80, with a volume of 4311 shares. The stock had previously closed at $34.83.

Analysts Set New Price Targets

Several brokerages have weighed in on EVBG. Raymond James reaffirmed a "market perform" rating on shares of Everbridge in a research report on Wednesday, February 7th. Truist Financial increased their price objective on Everbridge from $20.00 to $35.00 and gave the company a "hold" rating in a report on Monday, March 4th. Needham & Company LLC reissued a "hold" rating on shares of Everbridge in a report on Monday, February 5th. Wells Fargo & Company raised Everbridge from an "underweight" rating to an "equal weight" rating in a report on Tuesday, February 6th. Finally, Robert W. Baird increased their price objective on Everbridge from $21.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $29.00.

Everbridge Price Performance

The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -24.37, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96. The stock has a fifty day simple moving average of $30.94 and a 200-day simple moving average of $25.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98.

Everbridge (NASDAQ:EVBG - Get Free Report) last released its earnings results on Monday, February 26th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). The business had revenue of $115.76 million during the quarter, compared to analyst estimates of $114.70 million. Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. As a group, equities research analysts expect that Everbridge, Inc. will post 0.78 EPS for the current year.

Insider Buying and Selling at Everbridge

In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 15,595 shares of the company's stock, valued at approximately $543,329.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the sale, the chief financial officer now owns 124,985 shares in the company, valued at approximately $2,848,408.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bryan Reed Barney sold 3,344 shares of the firm's stock in a transaction that occurred 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 owns 15,595 shares of the company's stock, valued at approximately $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. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Everbridge

A number of hedge funds have recently modified their holdings of EVBG. US Bancorp DE lifted its position in shares of Everbridge by 53.1% during the 1st 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 during the period. PNC Financial Services Group Inc. lifted its position in shares of Everbridge by 42.4% during the 1st 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 during the period. MetLife Investment Management LLC bought a new position in shares of Everbridge during the 1st quarter worth approximately $111,000. Great West Life Assurance Co. Can lifted its position in shares of Everbridge by 68.5% during the 1st 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 during the period. Finally, Synovus Financial Corp lifted its position in shares of Everbridge by 38.0% during the 1st 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 during the period. Institutional investors own 89.95% of the company's stock.

About Everbridge

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.