Everbridge (NASDAQ:EVBG)‘s stock had its “outperform” rating reissued by equities research analysts at Credit Suisse Group in a report issued on Friday, November 17th, MarketBeat.com reports. They presently have a $30.00 price objective on the technology company’s stock, up from their prior price objective of $26.50. Credit Suisse Group’s price target points to a potential upside of 21.26% from the stock’s current price.
Several other equities analysts have also weighed in on EVBG. KeyCorp restated a “buy” rating and set a $27.00 target price on shares of Everbridge in a report on Friday, August 4th. Canaccord Genuity raised their target price on Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, August 4th. Zacks Investment Research lowered Everbridge from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Northland Securities initiated coverage on Everbridge in a report on Wednesday, August 30th. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on Everbridge from $27.00 to $30.00 and gave the company a “buy” rating in a report on Monday, September 18th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $31.00.
Shares of Everbridge (NASDAQ:EVBG) traded down $1.53 during trading hours on Friday, hitting $24.74. The company had a trading volume of 541,655 shares, compared to its average volume of 232,769. Everbridge has a twelve month low of $15.28 and a twelve month high of $29.99.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Everbridge had a negative return on equity of 29.44% and a negative net margin of 17.10%. The business had revenue of $27.31 million during the quarter, compared to analyst estimates of $26.41 million. During the same period last year, the company earned ($0.07) earnings per share. Everbridge’s quarterly revenue was up 37.0% compared to the same quarter last year. analysts predict that Everbridge will post -0.55 EPS for the current year.
In other news, SVP Elliot J. Mark sold 2,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $26.81, for a total value of $67,025.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Elliot J. Mark sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $26.94, for a total value of $26,940.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 157,307 shares of company stock worth $4,126,125. 41.40% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of EVBG. Legal & General Group Plc grew its position in shares of Everbridge by 196.3% in the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after purchasing an additional 2,885 shares during the last quarter. American International Group Inc. acquired a new stake in Everbridge during the first quarter worth about $108,000. Fortaleza Asset Management Inc. acquired a new stake in Everbridge during the second quarter worth about $166,000. Nationwide Fund Advisors grew its position in Everbridge by 210.1% during the second quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after buying an additional 6,497 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Everbridge during the second quarter worth about $288,000. 65.40% of the stock is currently owned by institutional investors.
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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.
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