Everbridge (NASDAQ:EVBG) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.
A number of other equities research analysts also recently commented on the stock. Canaccord Genuity lifted their target price on shares of Everbridge from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $38.00 target price (up previously from $37.00) on shares of Everbridge in a research report on Thursday, February 22nd. Bank of America reaffirmed a “buy” rating and issued a $38.00 target price (up previously from $30.00) on shares of Everbridge in a research report on Thursday, February 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price (up previously from $32.00) on shares of Everbridge in a research report on Thursday, February 22nd. They noted that the move was a valuation call. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $38.00 target price (up previously from $33.00) on shares of Everbridge in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.56.
Shares of Everbridge (EVBG) opened at $37.24 on Tuesday. Everbridge has a 1 year low of $16.63 and a 1 year high of $38.78. The company has a market cap of $1,059.43, a P/E ratio of -53.20 and a beta of 1.42.
Everbridge (NASDAQ:EVBG) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). Everbridge had a negative net margin of 18.82% and a negative return on equity of 36.15%. The business had revenue of $29.18 million during the quarter, compared to the consensus estimate of $28.49 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The firm’s revenue was up 37.1% on a year-over-year basis. equities analysts predict that Everbridge will post -1.43 earnings per share for the current year.
In other news, CFO Kenneth S. Goldman sold 816 shares of Everbridge stock in a transaction on 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 legal filing with the SEC, which is accessible through this link. Also, SVP Imad Mouline sold 6,986 shares of Everbridge stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $28.50, for a total transaction of $199,101.00. The disclosure for this sale can be found here. Insiders have sold a total of 54,028 shares of company stock worth $1,670,778 in the last quarter. Corporate insiders own 41.40% of the company’s stock.
Several institutional investors have recently modified their holdings of EVBG. Janus Henderson Group PLC purchased a new position in shares of Everbridge during the 3rd quarter worth $16,417,000. Garelick Capital Partners LP boosted its stake in shares of Everbridge by 138.3% during the 4th quarter. Garelick Capital Partners LP now owns 952,826 shares of the technology company’s stock worth $28,318,000 after acquiring an additional 552,958 shares during the last quarter. Fred Alger Management Inc. boosted its stake in shares of Everbridge by 40.1% during the 4th quarter. Fred Alger Management Inc. now owns 1,665,161 shares of the technology company’s stock worth $49,489,000 after acquiring an additional 476,782 shares during the last quarter. Hood River Capital Management LLC purchased a new position in shares of Everbridge during the 3rd quarter worth $12,288,000. Finally, Vanguard Group Inc. boosted its stake in shares of Everbridge by 115.8% during the 2nd quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock worth $16,977,000 after acquiring an additional 373,899 shares during the last quarter. Institutional investors and hedge funds own 80.01% 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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