According to a recent report by Bloomberg.com, Everbridge, Inc. (NASDAQ:EVBG) is currently being assigned an average rating of “Hold” by seven analysts who cover the firm. Of these analysts, five have given the stock a hold rating, while two have issued a buy rating on the company. Over the past year, brokers who have issued reports on the stock have set an average 12-month target price of $30.78.
On Thursday, EVBG opened at $23.28. The company boasts a quick ratio and current ratio of 1.31, indicating its ability to meet short-term obligations with its current assets. Additionally, it has a debt-to-equity ratio of 1.70. With a market cap of $948.89 million, EVBG has a price-to-earnings ratio of -16.17 and a PEG ratio of 1.81, which suggests that it may be undervalued compared to its expected earnings growth rate. The stock also exhibits a beta of 0.85.
Over the past year, EVBG has seen lows of $21.05 and highs of $42.90 in terms of share price performance, highlighting its volatility over this period. Currently, the stock’s 50-day moving average price stands at $27.66 and its two-hundred day moving average price is $29.19.
Everbridge, Inc., primarily involved in critical event management software solutions and enterprise safety applications development offers products that automate and accelerate an organization’s response to critical events through their SaaS-based CEM platform. This platform allows customers to consolidate threat data for assessment purposes, locate individuals at risk or responders available for assistance, automate predefined communication processes swiftly , as well as monitor progress on executing response plans.
In conclusion, Everbridge is currently considered a hold by most analysts covering the firm with some bullish sentiment expressed through buy ratings from a few analysts. The average 12-month target price of $30.78 suggests a potential upside for interested investors. However, it is worth noting the stock’s volatility and its current market conditions before making any investment decisions.
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Analyst Reports and Recent Developments in Everbridge, Inc.: Exploring Target Prices and Ownership Patterns
Everbridge, Inc., a software solutions company specializing in critical event management and enterprise safety applications, has recently been the focus of several research analysts’ reports. These reports provide insights into the target price and rating of Everbridge’s stock.
Barclays, for instance, reduced their target price on Everbridge from $27.00 to $25.00 and assigned an “equal weight” rating to the stock. Similarly, Needham & Company LLC maintained a “buy” rating and set a target price of $35.00. Stephens also lowered their target price on Everbridge from $30.00 to $26.00 while maintaining an “equal weight” rating. Robert W. Baird, on the other hand, revised their target price downward from $34.00 to $28.00.
Raymond James was among those who downgraded their target price from $34.00 to $30.00 but gave an “outperform” rating for Everbridge’s stock.
Despite these varying assessments by research analysts, it is worth exploring the nature of Everbridge’s business operations and recent developments within the company.
Everbridge’s primary offering is its Software-as-a-Service (SaaS)-based Critical Event Management (CEM) platform, which enables organizations to efficiently respond to critical events by automating processes and consolidating threat data assessment.
The software allows companies to aggregate data regarding potential risks or threats, identify individuals at risk, locate responders who can provide assistance during emergencies, automate pre-defined communication processes, and monitor progress in executing response plans.
In terms of recent news related to Everbridge, Chief Financial Officer Patrick Brickley sold 7,426 shares of the company’s stock on August 1st at an average selling price of $30.33 per share. This transaction amounted to a total value of approximately $225,230.58.
Accordingly, Brickley currently owns 106,200 shares of Everbridge, valued at around $3,221,046. This sale was disclosed in a filing with the Securities and Exchange Commission (SEC).
In another development, Director Richard A. Damore purchased 11,000 shares of Everbridge’s stock on August 11th at an average price of $22.39 per share. The total value of this purchase was $246,290.00. Following the completion of this acquisition, Damore holds 17,347 shares worth $388,399.33.
These transactions were also reported to the SEC through official filings available for access through the Commission’s website.
Furthermore, it is important to note that CFO Patrick Brickley conducted another selling transaction on August 1st involving 7,426 shares at an average price of $30.33 per share, resulting in a total value of $225,230.58. As a result of this sale, Brickley now owns 106,200 shares worth approximately $3,221,046.
Moreover, institutional investors and hedge funds have taken an active interest in Everbridge’s stock in recent times.
For instance, PNC Financial Services Group Inc. increased its stake in Everbridge by 140.3% during the fourth quarter and now holds 841 shares valued at $25,000 after acquiring an additional 491 shares.
Similarly, Signaturefd LLC raised its stake by an impressive 587.2% during the fourth quarter and currently possesses 914 shares valued at $27,000 after purchasing an additional 781 shares.
State of Wyoming and Y.D.More Investments Ltd also acquired new positions in Everbridge during the fourth quarter with values amounting to $28,000 and $39,000 respectively.
Additionally,Coppell Advisory Solutions Corp., bought a new position worth about$45k in Everbridge during the same period.
Notably,hedge funds play a significant role in Everbridge’s ownership, with them holding a substantial 90.02% of the company’s stock.
These institutional investors’ involvement in Everbridge’s stock demonstrates the potential and attractiveness that they perceive in the company.
Overall, understanding the assessments provided by research analysts along with recent developments concerning Everbridge can assist investors and stakeholders in making informed decisions about their involvement with the organization. While different analysts hold varying opinions and target prices for Everbridge, it is crucial to consider multiple perspectives before drawing any definitive conclusions.