Everbridge (NASDAQ:EVBG – Get Rating) had its target price boosted by Wells Fargo & Company to $32.00 in a research report sent to investors on Wednesday morning, Stock Target Advisor reports.
Other equities research analysts also recently issued reports about the company. Canaccord Genuity Group lowered their price target on Everbridge from $55.00 to $40.00 in a research report on Wednesday, November 9th. Truist Financial lifted their price target on Everbridge from $31.00 to $38.00 and gave the stock a hold rating in a research report on Tuesday, August 30th. Stifel Nicolaus increased their price objective on Everbridge from $32.00 to $38.00 and gave the company a hold rating in a research report on Friday, August 26th. StockNews.com raised shares of Everbridge from a sell rating to a hold rating in a research report on Wednesday, November 16th. Finally, Raymond James cut their target price on shares of Everbridge from $38.00 to $32.00 and set an outperform rating for the company in a research note on Wednesday, November 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $41.40.
Get Everbridge alerts:Everbridge Stock Performance
EVBG opened at $31.48 on Wednesday. The company has a debt-to-equity ratio of 3.31, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market cap of $1.26 billion, a PE ratio of -14.18 and a beta of 0.77. The stock has a 50-day moving average of $30.89 and a 200-day moving average of $32.40. Everbridge has a 52-week low of $24.10 and a 52-week high of $71.94.
Everbridge (NASDAQ:EVBG – Get Rating) last announced its quarterly earnings results on Tuesday, November 8th. The technology company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.12. Everbridge had a negative return on equity of 8.37% and a negative net margin of 21.04%. The company had revenue of $111.40 million for the quarter, compared to the consensus estimate of $110.69 million. As a group, equities research analysts forecast that Everbridge will post -0.69 earnings per share for the current fiscal year.Insider Buying and Selling at Everbridge
In other news, EVP Vernon Irvin sold 4,443 shares of the stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $27.85, for a total value of $123,737.55. Following the completion of the transaction, the executive vice president now directly owns 22,501 shares of the company's stock, valued at approximately $626,652.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 8,685 shares of company stock valued at $256,865. 0.44% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Everbridge
Several large investors have recently made changes to their positions in EVBG. SG3 Management LLC grew its stake in Everbridge by 106.8% during the third quarter. SG3 Management LLC now owns 1,000 shares of the technology company's stock worth $31,000 after buying an additional 15,600 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Everbridge by 1,647.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,485 shares of the technology company's stock worth $41,000 after acquiring an additional 1,400 shares during the last quarter. City Holding Co. acquired a new stake in Everbridge during the 3rd quarter valued at $43,000. Point72 Hong Kong Ltd bought a new position in Everbridge in the 1st quarter valued at $90,000. Finally, MetLife Investment Management LLC acquired a new position in Everbridge in the first quarter worth $111,000. Institutional investors own 96.47% of the company's stock.
About Everbridge
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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.
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