Everbridge (NASDAQ:EVBG) Lowered to “Hold” at ValuEngine

ValuEngine lowered shares of Everbridge (NASDAQ:EVBG) from a buy rating to a hold rating in a research report sent to investors on Tuesday, ValuEngine reports.

EVBG has been the topic of several other reports. BidaskClub raised shares of Everbridge from a sell rating to a hold rating in a research note on Thursday, October 3rd. Zacks Investment Research cut shares of Everbridge from a buy rating to a hold rating in a research report on Monday, October 7th. Canaccord Genuity dropped their price target on shares of Everbridge from $105.00 to $90.00 and set a buy rating for the company in a research note on Tuesday, November 5th. Credit Suisse Group reaffirmed an outperform rating and set a $90.00 price objective (down previously from $100.00) on shares of Everbridge in a research report on Tuesday, November 5th. Finally, Stephens assumed coverage on Everbridge in a research report on Monday. They set a buy rating and a $98.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $97.42.

NASDAQ EVBG opened at $85.39 on Tuesday. The company has a market cap of $2.97 billion, a P/E ratio of -59.71 and a beta of 1.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a 50-day moving average of $78.09 and a two-hundred day moving average of $82.07. Everbridge has a 1-year low of $46.36 and a 1-year high of $104.22.

Everbridge (NASDAQ:EVBG) last issued its quarterly earnings results on Monday, November 4th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. Everbridge had a negative net margin of 26.36% and a negative return on equity of 26.35%. The business had revenue of $52.55 million for the quarter, compared to analysts’ expectations of $51.42 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. The business’s quarterly revenue was up 35.0% on a year-over-year basis. On average, analysts anticipate that Everbridge will post -1.28 EPS for the current fiscal year.

In other news, CAO Phillip E. Huff sold 762 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $86.50, for a total value of $65,913.00. Following the sale, the chief accounting officer now directly owns 4,473 shares in the company, valued at approximately $386,914.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patrick Brickley sold 8,183 shares of Everbridge stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $69.85, for a total transaction of $571,582.55. Insiders sold 28,994 shares of company stock valued at $2,359,734 in the last quarter. 2.20% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. Sun Life Financial INC acquired a new stake in Everbridge in the second quarter valued at $61,000. Harvest Fund Management Co. Ltd acquired a new stake in Everbridge during the second quarter worth approximately $103,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Everbridge by 16.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,817 shares of the technology company’s stock worth $112,000 after purchasing an additional 257 shares in the last quarter. Advisor Group Inc. raised its holdings in Everbridge by 22.4% during the second quarter. Advisor Group Inc. now owns 1,460 shares of the technology company’s stock worth $131,000 after purchasing an additional 267 shares in the last quarter. Finally, Westside Investment Management Inc. purchased a new stake in shares of Everbridge during the 2nd quarter worth approximately $169,000.

About Everbridge

Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management that enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.

Further Reading: What is Compound Interest?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

Receive News & Ratings for Everbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit