Everbridge, Inc. (NASDAQ:EVBG) Given Average Rating of "Reduce" by Brokerages

Shares of Everbridge, Inc. (NASDAQ:EVBG - Get Free Report) have been assigned an average recommendation of "Reduce" from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $29.00.

Several equities research analysts have recently weighed in on EVBG shares. StockNews.com started coverage on Everbridge in a report on Friday. They issued a "hold" rating for the company. Truist Financial raised their target price on Everbridge from $20.00 to $35.00 and gave the company a "hold" rating in a report on Monday, March 4th. Robert W. Baird raised their target price on Everbridge from $21.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, February 6th. Canaccord Genuity Group raised their target price on Everbridge from $28.60 to $35.00 and gave the company a "hold" rating in a report on Monday, March 4th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Everbridge in a report on Monday, February 5th.

Everbridge Stock Up 0.0 %

Everbridge stock traded up $0.01 during mid-day trading on Tuesday, hitting $34.90. The company had a trading volume of 244,322 shares, compared to its average volume of 1,091,109. Everbridge has a 1 year low of $18.50 and a 1 year high of $35.70. 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 has a fifty day moving average of $33.17 and a 200 day moving average of $26.05.

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 for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm 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, sell-side analysts predict that Everbridge will post 0.78 EPS for the current year.

Insider Activity

In other news, CFO Patrick Brickley sold 6,360 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now owns 124,985 shares in the company, valued at $2,848,408.15. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $22.79, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bryan Reed Barney sold 3,344 shares of Everbridge stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold a total of 10,747 shares of company stock worth $289,103 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

Institutional Trading of Everbridge

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVBG. Y.D. More Investments Ltd lifted its stake in shares of Everbridge by 10.2% in the 3rd quarter. Y.D. More Investments Ltd now owns 5,709 shares of the technology company's stock valued at $135,000 after purchasing an additional 529 shares in the last quarter. Swiss National Bank lifted its stake in shares of Everbridge by 1.2% in the 3rd quarter. Swiss National Bank now owns 89,200 shares of the technology company's stock valued at $2,000,000 after purchasing an additional 1,100 shares in the last quarter. Steph & Co. lifted its stake in shares of Everbridge by 48.4% in the 3rd quarter. Steph & Co. now owns 4,245 shares of the technology company's stock valued at $95,000 after purchasing an additional 1,384 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 purchasing an additional 2,225 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Everbridge by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 371,278 shares of the technology company's stock valued at $9,026,000 after purchasing an additional 2,770 shares in the last quarter. Hedge funds and other 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.