William Blair reaffirmed their buy rating on shares of Everbridge (NASDAQ:EVBG) in a report published on Tuesday, December 26th.
EVBG has been the topic of several other reports. Zacks Investment Research lowered shares of Everbridge from a hold rating to a sell rating in a research report on Tuesday, October 3rd. Needham & Company LLC increased their price objective on shares of Everbridge from $28.00 to $32.00 and gave the company a buy rating in a research report on Tuesday, November 7th. Canaccord Genuity reissued a buy rating and issued a $33.00 price objective (up from $28.00) on shares of Everbridge in a research report on Tuesday, November 7th. Credit Suisse Group reissued an outperform rating and issued a $30.00 price objective (up from $26.50) on shares of Everbridge in a research report on Friday, November 17th. Finally, Northland Securities reissued an outperform rating and issued a $31.00 price objective (up from $28.00) on shares of Everbridge in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $31.33.
Shares of Everbridge (NASDAQ EVBG) opened at $32.24 on Tuesday. Everbridge has a 1 year low of $16.63 and a 1 year high of $32.25. The stock has a market cap of $897.37, a price-to-earnings ratio of -53.73 and a beta of 1.99.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results 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. The firm had revenue of $27.31 million for the quarter, compared to analyst estimates of $26.41 million. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. equities analysts predict that Everbridge will post -0.55 EPS for the current fiscal year.
In other Everbridge news, SVP Elliot J. Mark sold 3,500 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $29.78, for a total transaction of $104,230.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Elliot J. Mark sold 2,500 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $30.79, for a total transaction of $76,975.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 154,253 shares of company stock worth $4,167,996. 41.40% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Everbridge by 115.8% during the second quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock worth $16,977,000 after buying an additional 373,899 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Everbridge during the third quarter worth about $16,417,000. Nicholas Investment Partners LP grew its stake in Everbridge by 21.7% during the third quarter. Nicholas Investment Partners LP now owns 530,969 shares of the technology company’s stock worth $14,028,000 after buying an additional 94,790 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Everbridge during the second quarter worth about $11,771,000. Finally, Hood River Capital Management LLC acquired a new stake in Everbridge during the third quarter worth about $12,288,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.
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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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