Everbridge (NASDAQ:EVBG) Price Target Increased to $35.00 by Analysts at Robert W. Baird

Everbridge (NASDAQ:EVBG - Get Free Report) had its price objective hoisted by research analysts at Robert W. Baird from $29.00 to $35.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. Robert W. Baird's price objective would suggest a potential upside of 0.75% from the stock's current price.

Other equities analysts also recently issued research reports about the company. StockNews.com initiated coverage on Everbridge in a research report on Monday. They issued a "hold" rating on the stock. Raymond James reissued a "market perform" rating on shares of Everbridge in a research note on Wednesday, February 7th. Truist Financial upped their price target on Everbridge from $20.00 to $35.00 and gave the company a "hold" rating in a research report on Monday, March 4th. Needham & Company LLC reissued a "hold" rating on shares of Everbridge in a research note on Monday. Finally, Wells Fargo & Company raised Everbridge from an "underweight" rating to an "equal weight" rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $29.75.

Everbridge Price Performance

Shares of EVBG stock traded up $0.03 during trading hours on Tuesday, hitting $34.74. 403,802 shares of the company's stock were exchanged, compared to its average volume of 1,052,033. The firm has a 50 day moving average of $34.84 and a two-hundred day moving average of $27.52. Everbridge has a fifty-two week low of $18.50 and a fifty-two week high of $35.70. The firm has a market cap of $1.45 billion, a P/E ratio of -22.28, a P/E/G ratio of 1.04 and a beta of 0.95. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.03.

Everbridge (NASDAQ:EVBG - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $115.76 million for the quarter, compared to analysts' expectations of $114.70 million. Everbridge had a negative net margin of 11.67% and a positive return on equity of 5.26%. Sell-side analysts forecast that Everbridge will post 0.71 EPS for the current year.

Insider Transactions at Everbridge

In related news, 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 value of $116,504.96. Following the completion of the sale, the insider now owns 15,595 shares in the company, valued at approximately $543,329.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.44% of the company's stock.

Institutional Trading of Everbridge

Institutional investors and hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd increased its stake in Everbridge by 20.1% during the 4th quarter. Y.D. More Investments Ltd now owns 6,858 shares of the technology company's stock worth $155,000 after buying an additional 1,149 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Everbridge by 37.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the technology company's stock valued at $183,000 after buying an additional 2,225 shares during the period. Syon Capital LLC acquired a new position in shares of Everbridge during the fourth quarter worth about $219,000. Fox Run Management L.L.C. purchased a new stake in shares of Everbridge during the third quarter worth approximately $223,000. Finally, Diversified Trust Co purchased a new stake in shares of Everbridge during the fourth quarter worth approximately $277,000. 89.95% of the stock is currently owned by hedge funds and other institutional investors.

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.