Everbridge (NASDAQ:EVBG) Stock Rating Reaffirmed by Needham & Company LLC

Everbridge (NASDAQ:EVBG - Get Free Report)'s stock had its "hold" rating reissued by stock analysts at Needham & Company LLC in a note issued to investors on Monday, Benzinga reports.

Several other equities analysts have also recently weighed in on the stock. Wells Fargo & Company upgraded shares of Everbridge from an "underweight" rating to an "equal weight" rating in a research report on Tuesday, February 6th. Robert W. Baird raised their price objective on Everbridge from $21.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 6th. Raymond James reaffirmed a "market perform" rating on shares of Everbridge in a research note on Wednesday, February 7th. Truist Financial increased their price target on shares of Everbridge from $20.00 to $35.00 and gave the stock a "hold" rating in a research report on Monday, March 4th. Finally, William Blair downgraded shares of Everbridge from an "outperform" rating to a "market perform" rating in a research report on Monday, February 5th. One 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 company presently has a consensus rating of "Hold" and an average price target of $29.00.

Everbridge Price Performance

NASDAQ:EVBG traded down $0.03 during trading hours on Monday, reaching $34.71. 890,977 shares of the company's stock were exchanged, compared to its average volume of 1,059,080. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $1.44 billion, a P/E ratio of -22.25, a price-to-earnings-growth ratio of 1.04 and a beta of 0.95. Everbridge has a 12 month low of $18.50 and a 12 month high of $35.70. The business's 50-day simple moving average is $34.85 and its two-hundred day simple moving average is $27.42.

Everbridge (NASDAQ:EVBG - Get Free Report) last released 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 company had revenue of $115.76 million for the quarter, compared to the consensus estimate of $114.70 million. Everbridge had a positive return on equity of 5.26% and a negative net margin of 11.67%. Sell-side analysts expect that Everbridge will post 0.71 EPS for the current fiscal year.

Insider Activity at Everbridge

In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the business's 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 directly owns 15,595 shares of the company's stock, valued at $543,329.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.44% of the company's stock.

Institutional Investors Weigh In On Everbridge

Institutional investors and hedge funds have recently modified their holdings of the business. Y.D. More Investments Ltd raised its holdings in Everbridge by 20.1% during the fourth quarter. Y.D. More Investments Ltd now owns 6,858 shares of the technology company's stock valued at $155,000 after buying an additional 1,149 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Everbridge by 37.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the technology company's stock worth $183,000 after purchasing an additional 2,225 shares during the last quarter. Syon Capital LLC bought a new stake in Everbridge during the fourth quarter worth approximately $219,000. Fox Run Management L.L.C. acquired a new position in Everbridge during the third quarter valued at approximately $223,000. Finally, Diversified Trust Co bought a new position in shares of Everbridge in the fourth quarter valued at approximately $277,000. Institutional investors and hedge funds 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.