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Robert W. Baird Sticks to Its Hold Rating for Everbridge (EVBG)

In a report released yesterday, William Power from Robert W. Baird maintained a Hold rating on Everbridge (EVBGResearch Report), with a price target of $37.00. The company’s shares closed last Friday at $30.61, close to its 52-week low of $27.81.

According to TipRanks.com, Power is a 5-star analyst with an average return of 19.9% and a 57.1% success rate. Power covers the Technology sector, focusing on stocks such as Zoom Video Communications, Axon Enterprise, and RingCentral.

Everbridge has an analyst consensus of Hold, with a price target consensus of $64.82, a 93.8% upside from current levels. In a report released yesterday, Truist Financial also downgraded the stock to Hold with a $42.00 price target.

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Everbridge’s market cap is currently $1.21B and has a P/E ratio of -10.43.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EVBG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The company was founded by Cinta Putra and Steve Kirchmeier in 2002 and is headquartered in Burlington, MA.

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