Shares of Everbridge (NASDAQ:EVBG) have received a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $37.25.
EVBG has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Everbridge from a “strong-buy” rating to a “sell” rating in a report on Tuesday, January 9th. Bank of America reissued a “buy” rating and issued a $38.00 price target (up from $30.00) on shares of Everbridge in a report on Thursday, February 22nd. KeyCorp reissued a “buy” rating and issued a $39.00 price target (up from $37.00) on shares of Everbridge in a report on Wednesday, February 21st. Credit Suisse Group reissued an “outperform” rating and issued a $38.00 price target (up from $37.00) on shares of Everbridge in a report on Thursday, February 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $38.00 price target (up from $33.00) on shares of Everbridge in a report on Thursday, February 22nd.
In other Everbridge news, SVP Elliot J. Mark sold 1,542 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $34.75, for a total transaction of $53,584.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Elliot J. Mark sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $31.95, for a total transaction of $31,950.00. The disclosure for this sale can be found here. Insiders sold a total of 40,323 shares of company stock valued at $1,429,213 over the last three months. 11.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Fred Alger Management Inc. lifted its stake in Everbridge by 40.1% during the fourth quarter. Fred Alger Management Inc. now owns 1,665,161 shares of the technology company’s stock valued at $49,489,000 after buying an additional 476,782 shares in the last quarter. BlackRock Inc. lifted its stake in Everbridge by 29.0% during the fourth quarter. BlackRock Inc. now owns 1,158,361 shares of the technology company’s stock valued at $34,426,000 after buying an additional 260,224 shares in the last quarter. Garelick Capital Partners LP lifted its stake in Everbridge by 138.3% during the fourth quarter. Garelick Capital Partners LP now owns 952,826 shares of the technology company’s stock valued at $28,318,000 after buying an additional 552,958 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in Everbridge by 41.5% during the fourth quarter. Driehaus Capital Management LLC now owns 633,280 shares of the technology company’s stock valued at $18,821,000 after buying an additional 185,731 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Everbridge during the third quarter valued at about $16,417,000. 79.29% of the stock is owned by institutional investors.
EVBG stock traded down $0.27 during trading on Friday, hitting $38.03. The company had a trading volume of 51,499 shares, compared to its average volume of 287,723. Everbridge has a fifty-two week low of $21.56 and a fifty-two week high of $39.12. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.60.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $29.18 million during the quarter, compared to the consensus estimate of $28.49 million. Everbridge had a negative net margin of 18.82% and a negative return on equity of 33.84%. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) earnings per share. equities research analysts predict that Everbridge will post -1.43 EPS for the current year.
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Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management, which enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.
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