Everbridge, Inc. (NASDAQ:EVBG) Short Interest Update

Everbridge, Inc. (NASDAQ:EVBG - Get Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,240,000 shares, a growth of 29.6% from the February 29th total of 956,900 shares. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EVBG shares. Truist Financial upped their price target on Everbridge from $20.00 to $35.00 and gave the stock a "hold" rating in a research note on Monday, March 4th. Needham & Company LLC restated a "hold" rating on shares of Everbridge in a research note on Monday, February 5th. Robert W. Baird upped their price target on Everbridge from $21.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 6th. William Blair downgraded Everbridge from an "outperform" rating to a "market perform" rating in a research note on Monday, February 5th. Finally, Wells Fargo & Company upgraded Everbridge from an "underweight" rating to an "equal weight" rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $29.00.

Insider Activity at Everbridge

In other Everbridge news, insider Bryan Reed Barney sold 7,509 shares of the company's stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $23.52, for a total transaction of $176,611.68. Following the completion of the transaction, the insider now owns 18,221 shares of the company's stock, valued at approximately $428,557.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Bryan Reed Barney sold 7,509 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $23.52, for a total value of $176,611.68. Following the completion of the transaction, the insider now owns 18,221 shares of the company's stock, valued at approximately $428,557.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Patrick Brickley sold 6,360 shares of the 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 transaction, the chief financial officer now directly owns 124,985 shares of the company's stock, valued at approximately $2,848,408.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,062 shares of company stock valued at $352,738. Company insiders own 0.56% of the company's stock.

Hedge Funds Weigh In On Everbridge

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Everbridge by 140.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 841 shares of the technology company's stock valued at $25,000 after buying an additional 491 shares during the period. State of Wyoming bought a new position in shares of Everbridge during the 4th quarter valued at $28,000. Coppell Advisory Solutions Corp. bought a new position in Everbridge in the 4th quarter worth $45,000. Point72 Middle East FZE bought a new position in Everbridge in the 4th quarter worth $49,000. Finally, Tower Research Capital LLC TRC raised its holdings in Everbridge by 141.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,864 shares of the technology company's stock worth $64,000 after purchasing an additional 1,676 shares during the period. 89.95% of the stock is owned by institutional investors.

Everbridge Stock Performance

Shares of NASDAQ EVBG traded up $0.02 during midday trading on Friday, hitting $34.83. 352,116 shares of the stock traded hands, compared to its average volume of 869,895. The firm has a 50-day moving average of $29.94 and a two-hundred day moving average of $24.70. The firm has a market capitalization of $1.44 billion, a P/E ratio of -24.36, a PEG ratio of 0.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74. Everbridge has a one year low of $18.50 and a one year high of $35.70.

Everbridge (NASDAQ:EVBG - Get Free Report) last released 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). The firm had revenue of $115.76 million for the quarter, compared to the consensus estimate of $114.70 million. Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. On average, equities analysts forecast that Everbridge will post 0.78 EPS for the current fiscal year.

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.