Everbridge Inc (NASDAQ:EVBG) has earned a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.25.
EVBG has been the subject of a number of recent research reports. Zacks Investment Research downgraded 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 Everbridge from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Canaccord Genuity reissued a “buy” rating and issued a $33.00 price objective (up previously from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. Northland Securities reissued an “outperform” rating and issued a $31.00 price objective (up previously from $28.00) on shares of Everbridge in a report on Friday, October 13th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $30.00 price objective (up previously from $26.50) on shares of Everbridge in a report on Friday, November 17th.
In other news, CEO Jaime Wallace Ellertson sold 97,500 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $26.43, for a total value of $2,576,925.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Yuan Cheng sold 11,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $27.37, for a total value of $301,070.00. The disclosure for this sale can be found here. In the last three months, insiders sold 160,328 shares of company stock valued at $4,461,064. 41.40% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in Everbridge by 196.3% in the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after acquiring an additional 2,885 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Everbridge by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 65,971 shares of the technology company’s stock valued at $1,743,000 after acquiring an additional 3,499 shares during the period. Wells Fargo & Company MN raised its stake in Everbridge by 21.5% in the 2nd quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock valued at $818,000 after acquiring an additional 5,946 shares during the period. The Manufacturers Life Insurance Company raised its stake in Everbridge by 77.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,172 shares of the technology company’s stock valued at $345,000 after acquiring an additional 6,177 shares during the period. Finally, Nationwide Fund Advisors raised its stake in Everbridge by 210.1% in the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock valued at $234,000 after acquiring an additional 6,497 shares during the period. Institutional investors and hedge funds own 66.00% of the company’s stock.
Everbridge (EVBG) traded down $0.34 during trading hours on Tuesday, reaching $32.53. The company’s stock had a trading volume of 117,293 shares, compared to its average volume of 272,709. Everbridge has a 52-week low of $16.63 and a 52-week high of $33.85. The firm has a market cap of $928.73 and a P/E ratio of -54.37.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $27.31 million during the quarter, compared to the consensus estimate of $26.41 million. During the same quarter in the prior year, the firm posted ($0.07) EPS. The business’s revenue was up 37.0% on a year-over-year basis. analysts expect that Everbridge will post -0.55 earnings per share for the current fiscal year.
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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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