Everbridge, Inc. (NASDAQ:EVBG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Everbridge, Inc. is a software company which provides communications and enterprise safety applications. The company’s applications include Mass Notification, Incident Management, IT Alerting, Safety Connection(TM), Community Engagement(TM), Secure Messaging and Internet of Things. It operates primarily in Boston, Los Angeles, San Francisco, Beijing and London. Everbridge, Inc. is based in Burlington, United States. “

Several other equities research analysts also recently issued reports on the company. SunTrust Banks, Inc. initiated coverage on Everbridge in a report on Monday, June 26th. They issued a “buy” rating and a $32.00 price objective on the stock. Northland Securities initiated coverage on Everbridge in a report on Wednesday, August 30th. They issued an “outperform” rating and a $28.00 price objective on the stock. Stifel Nicolaus boosted their price objective on Everbridge from $27.00 to $30.00 and gave the company a “buy” rating in a report on Monday, September 18th. William Blair reiterated a “buy” rating on shares of Everbridge in a report on Monday, September 25th. Finally, Canaccord Genuity boosted their price objective on Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.10.

Shares of Everbridge (NASDAQ:EVBG) traded down 2.19% during trading on Tuesday, hitting $26.41. The stock had a trading volume of 94,592 shares. Everbridge has a 12 month low of $12.92 and a 12 month high of $27.50. The company’s 50 day moving average price is $25.17 and its 200 day moving average price is $25.17. The stock’s market cap is $741.99 million.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The firm had revenue of $25.00 million for the quarter, compared to the consensus estimate of $24.49 million. Everbridge had a negative return on equity of 26.39% and a negative net margin of 16.72%. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. Equities research analysts expect that Everbridge will post ($0.28) earnings per share for the current fiscal year.

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In other Everbridge news, CFO Kenneth S. Goldman sold 10,326 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $22.67, for a total transaction of $234,090.42. Following the sale, the chief financial officer now owns 1,742 shares in the company, valued at approximately $39,491.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bruns H. Grayson sold 10,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $22.07, for a total value of $220,700.00. Following the sale, the director now owns 26,082 shares in the company, valued at approximately $575,629.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 222,728 shares of company stock worth $5,183,982. 41.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of EVBG. Teachers Advisors LLC purchased a new stake in Everbridge during the 4th quarter worth about $180,000. Wells Fargo & Company MN increased its holdings in Everbridge by 404.7% during the 1st quarter. Wells Fargo & Company MN now owns 27,652 shares of the technology company’s stock worth $568,000 after purchasing an additional 22,173 shares during the period. Bank of New York Mellon Corp increased its holdings in Everbridge by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 118,442 shares of the technology company’s stock worth $2,432,000 after purchasing an additional 325 shares during the period. Ameriprise Financial Inc. purchased a new stake in Everbridge during the 1st quarter worth about $5,165,000. Finally, Parametric Portfolio Associates LLC increased its holdings in Everbridge by 6.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock worth $404,000 after purchasing an additional 1,199 shares during the period. Institutional investors own 51.22% of the company’s stock.

Everbridge Company Profile

Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its 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.

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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