Everbridge, Inc. (EVBG): What’s Inside the Story?

On Wednesday, shares of Everbridge, Inc. (NASDAQ:EVBG) marked $87.74 per share versus a previous $85.67 closing price. With having a 2.42% gain, an insight into the fundamental values of Everbridge, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. EVBG showed a rise of 12.37% within its YTD performance, with highs and lows between $52.00 – $104.22 during the period of 52 weeks, compared to the simple moving average of 9.06% in the period of the last 200 days.

Oppenheimer equity researchers changed the status of Everbridge, Inc. (NASDAQ: EVBG) shares to a “Perform” rating in the report published on January 8th, 2020. Other analysts, including Needham, also published their reports on EVBG shares. Needham repeated the rating from the previous report, marking EVBG under “Buy” rating, in the report published on June 20th, 2019. Additionally, EVBG shares got another “Buy” rating from Needham, setting a target price of $85 on the company’s shares, according to the report published in May 7th, 2019. On May 7th, 2019, BofA/Merrill Reiterated an Buy rating and increased its price target from $78 to $85. On the other hand, JP Morgan Initiated the “Neutral” rating for EVBG shares, as published in the report on February 6th, 2019. KeyBanc Capital Mkts seems to be going bullish on the price of EVBG shares, based on the price prediction for EVBG. Another “Overweight” rating came from Stephens.

Everbridge, Inc. (EVBG) Analysis

The present dividend yield for EVBG owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Everbridge, Inc., the company needs to provide a healthy cash flow, currently at the value of 389.52. In addition, the growth of sales from quarter to quarter is recording 35.00%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Everbridge, Inc. (EVBG) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -31.40% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.80 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while EVBG is currently recording an average of 398.61K in volumes. The volatility of the stock on monthly basis is set at 2.70%, while the weekly volatility levels are marked at 2.83%with 5.77% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $97.00, indicating growth from the present price of $87.74, which can represent yet another valuable research and analysis points that can help you decide whether to invest in EVBG or pass.

What to Look for When Analyzing Everbridge, Inc. Shares?

Everbridge, Inc. (EVBG) is based in the USA and it represents one of the well-known company operating with Technology sector. If you wish to compare EVBG shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Everbridge, Inc., while the value can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -1.52 is supported by the yearly ESP growth of -265.80%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.80%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in EVBG Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in EVBG in the recent period. That is how The Vanguard Group, Inc. now has an increase position in EVBG by 5.89% in the first quarter, owning 3.25 million shares of EVBG stocks, with the value of $253.88 million after the purchase of an additional 180,905 shares during the last quarter. In the meanwhile, Fred Alger Management LLC also increased their stake in EVBG shares changed 32.13% in the first quarter, which means that the company now owns 2.73 million shares of company, all valued at $213.11 million after the acquisition of additional 663,691 shares during the last quarter.

Select Equity Group LP acquired a new position in Everbridge, Inc. during the first quarter, with the value of $208.44 million, and BlackRock Fund Advisors increased their stake in the company’s shares by 8.57% in the first quarter, now owning 171,279 shares valued at $169.4 million after the acquisition of the additional 2.17 million shares during the last quarter. In the end, Fidelity Management & Research Co increased their position by 488.80% during the first quarter, now owning 1.98 million EVBG shares, now holding the value of $154.66 million in EVBG with the purchase of the additional 884,224 shares during the period of the last quarter.