Everbridge Inc (NASDAQ:EVBG)’s share price hit a new 52-week high and low during trading on Thursday . The stock traded as low as $53.42 and last traded at $52.97, with a volume of 10761 shares trading hands. The stock had previously closed at $52.77.
Several brokerages have recently commented on EVBG. Bank of America raised their price target on Everbridge from $45.00 to $53.00 and gave the company a “buy” rating in a research note on Monday. Canaccord Genuity raised their price target on Everbridge from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, June 7th. Needham & Company LLC raised their price target on Everbridge to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 22nd. BidaskClub upgraded Everbridge from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 11th. Finally, Stifel Nicolaus raised their price target on Everbridge from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, May 8th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $43.50.
The company has a debt-to-equity ratio of 1.50, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market cap of $1.39 billion, a PE ratio of -91.74 and a beta of 0.96.
Everbridge (NASDAQ:EVBG) last posted its earnings results on Monday, May 7th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.03. Everbridge had a negative return on equity of 42.59% and a negative net margin of 23.01%. The company had revenue of $30.52 million for the quarter, compared to analyst estimates of $29.61 million. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. analysts expect that Everbridge Inc will post -1.39 earnings per share for the current fiscal year.
In other Everbridge news, CFO Kenneth S. Goldman sold 9,500 shares of Everbridge stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $35.46, for a total value of $336,870.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Robert W. Hughes sold 5,784 shares of Everbridge stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $47.70, for a total value of $275,896.80. The disclosure for this sale can be found here. Insiders sold 46,581 shares of company stock worth $1,755,898 in the last quarter. 11.20% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its stake in shares of Everbridge by 0.6% during the first quarter. Northern Trust Corp now owns 222,382 shares of the technology company’s stock worth $8,140,000 after acquiring an additional 1,316 shares during the last quarter. Denver Investment Advisors LLC grew its stake in shares of Everbridge by 6.7% during the first quarter. Denver Investment Advisors LLC now owns 29,077 shares of the technology company’s stock worth $1,064,000 after acquiring an additional 1,817 shares during the last quarter. Barclays PLC grew its stake in shares of Everbridge by 91.3% during the first quarter. Barclays PLC now owns 9,626 shares of the technology company’s stock worth $353,000 after acquiring an additional 4,594 shares during the last quarter. Kennedy Capital Management Inc. grew its stake in shares of Everbridge by 2.8% during the fourth quarter. Kennedy Capital Management Inc. now owns 240,317 shares of the technology company’s stock worth $7,142,000 after acquiring an additional 6,550 shares during the last quarter. Finally, Needham Investment Management LLC purchased a new stake in shares of Everbridge during the first quarter worth about $256,000. Institutional investors own 88.04% of the company’s stock.
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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