Everbridge (NASDAQ:EVBG) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, March 13th.
Several other research analysts have also recently weighed in on the company. William Blair reiterated a “buy” rating on shares of Everbridge in a research report on Thursday, February 15th. KeyCorp reiterated a “buy” rating and set a $37.00 price objective (up previously from $30.00) on shares of Everbridge in a research report on Wednesday, January 17th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target on shares of Everbridge in a research report on Thursday, January 11th. Canaccord Genuity raised their price target on Everbridge from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Bank of America restated a “buy” rating and issued a $38.00 price target (up previously from $30.00) on shares of Everbridge in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $36.56.
Shares of Everbridge stock opened at $38.41 on Tuesday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.60. Everbridge has a twelve month low of $18.87 and a twelve month high of $38.78.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). Everbridge had a negative return on equity of 33.84% and a negative net margin of 18.82%. The company had revenue of $29.18 million during the quarter, compared to the consensus estimate of $28.49 million. During the same quarter in the prior year, the firm posted ($0.03) EPS. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year. equities research analysts predict that Everbridge will post -1.43 EPS for the current fiscal year.
In related news, SVP Imad Mouline sold 6,986 shares of Everbridge stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $28.50, for a total value of $199,101.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Elliot J. Mark sold 958 shares of Everbridge stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $34.78, for a total value of $33,319.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,028 shares of company stock worth $1,670,778. 41.40% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund increased its holdings in Everbridge by 31.9% in the third quarter. New York State Common Retirement Fund now owns 64,463 shares of the technology company’s stock worth $1,703,000 after purchasing an additional 15,603 shares in the last quarter. Granahan Investment Management Inc. MA bought a new stake in Everbridge in the third quarter worth approximately $5,296,000. Chartwell Investment Partners LLC bought a new stake in shares of Everbridge during the fourth quarter valued at approximately $1,435,000. Gagnon Securities LLC increased its holdings in shares of Everbridge by 45.2% during the third quarter. Gagnon Securities LLC now owns 317,971 shares of the technology company’s stock valued at $8,401,000 after acquiring an additional 98,912 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Everbridge during the third quarter valued at approximately $845,000. Institutional investors and hedge funds own 79.48% of the company’s stock.
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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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