Everbridge (NASDAQ:EVBG) had its price target increased by Canaccord Genuity from $33.00 to $40.00 in a research note published on Thursday morning. The firm currently has a buy rating on the technology company’s stock.
Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus increased their target price on shares of Everbridge from $33.00 to $38.00 and gave the stock a buy rating in a research report on Thursday. Needham & Company LLC increased their target price on shares of Everbridge from $32.00 to $40.00 and gave the stock a buy rating in a research report on Thursday. They noted that the move was a valuation call. Bank of America reiterated a buy rating and set a $38.00 target price (up previously from $30.00) on shares of Everbridge in a research report on Thursday. Credit Suisse Group increased their target price on shares of Everbridge from $37.00 to $38.00 and gave the stock an outperform rating in a research report on Thursday. Finally, William Blair reiterated a buy rating on shares of Everbridge in a research report on Thursday, February 15th. One 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. The company presently has a consensus rating of Buy and an average target price of $36.56.
Shares of Everbridge (NASDAQ EVBG) opened at $32.01 on Thursday. Everbridge has a 1 year low of $16.63 and a 1 year high of $34.75.
Everbridge (NASDAQ:EVBG) last announced its earnings results on Wednesday, February 21st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The business 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 firm’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) EPS. sell-side analysts predict that Everbridge will post -0.39 earnings per share for the current year.
In other Everbridge news, CFO Kenneth S. Goldman sold 816 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $32.06, for a total transaction of $26,160.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Elliot J. Mark sold 2,500 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $32.78, for a total transaction of $81,950.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,028 shares of company stock worth $4,128,849. Insiders own 41.40% of the company’s stock.
A number of large investors have recently modified their holdings of EVBG. Ironwood Investment Management LLC bought a new stake in Everbridge during the 4th quarter worth about $226,000. Nationwide Fund Advisors grew its holdings in Everbridge by 210.1% during the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after acquiring an additional 6,497 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Everbridge during the 4th quarter worth about $234,000. UBS Asset Management Americas Inc. bought a new stake in Everbridge during the 4th quarter worth about $247,000. Finally, MetLife Investment Advisors LLC bought a new stake in Everbridge during the 4th quarter worth about $248,000. 74.00% of the stock is currently owned by hedge funds and other institutional investors.
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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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