Everbridge (NASDAQ:EVBG)‘s stock had its “buy” rating reissued by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They currently have a $40.00 target price on the technology company’s stock, up from their prior target price of $32.00. Needham & Company LLC’s target price points to a potential upside of 24.96% from the company’s current price. The analysts noted that the move was a valuation call.
EVBG has been the subject of a number of other reports. BidaskClub raised shares of Everbridge from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Everbridge from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, November 10th. Northland Securities reaffirmed a “buy” rating and set a $33.00 target price on shares of Everbridge in a research note on Friday, November 10th. KeyCorp raised their target price on shares of Everbridge from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, November 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 target price on shares of Everbridge in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. Everbridge presently has a consensus rating of “Buy” and a consensus price target of $36.56.
Shares of Everbridge (EVBG) traded down $1.16 during midday trading on Thursday, hitting $32.01. 606,400 shares of the stock were exchanged, compared to its average volume of 253,375. The stock has a market capitalization of $937.21, a PE ratio of -45.73 and a beta of 1.67. Everbridge has a 1 year low of $16.63 and a 1 year high of $34.75.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.02). The firm had revenue of $29.18 million during the quarter, compared to analysts’ expectations of $28.49 million. Everbridge had a negative net margin of 18.82% and a negative return on equity of 36.15%. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.03) earnings per share. analysts forecast that Everbridge will post -0.39 earnings per share for the current year.
In other Everbridge news, SVP Elliot J. Mark sold 2,500 shares of Everbridge stock in a transaction on Friday, January 19th. The shares were sold at an average price of $32.78, for a total value of $81,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jaime Wallace Ellertson sold 97,500 shares of Everbridge stock in a transaction on Monday, November 27th. The stock was sold at an average price of $26.43, for a total transaction of $2,576,925.00. The disclosure for this sale can be found here. Insiders have sold 148,028 shares of company stock valued at $4,128,849 over the last ninety days. 41.40% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the business. Handelsbanken Fonder AB purchased a new position in shares of Everbridge in the 4th quarter worth $2,229,000. MetLife Investment Advisors LLC purchased a new position in shares of Everbridge in the 4th quarter worth $248,000. Two Sigma Investments LP grew its stake in shares of Everbridge by 206.4% in the 4th quarter. Two Sigma Investments LP now owns 297,374 shares of the technology company’s stock worth $8,838,000 after buying an additional 200,310 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Everbridge by 527.0% in the 4th quarter. Two Sigma Advisers LP now owns 99,700 shares of the technology company’s stock worth $2,963,000 after buying an additional 83,800 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Everbridge by 226.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 280,263 shares of the technology company’s stock worth $8,329,000 after buying an additional 194,421 shares in the last quarter. 74.00% of the stock is owned by institutional investors and hedge funds.
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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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