Shares of Everbridge Inc (NASDAQ:EVBG) have received a consensus recommendation of “Buy” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $97.45.
A number of equities analysts have weighed in on the company. Northland Securities reissued a “buy” rating and set a $99.00 price target on shares of Everbridge in a research report on Tuesday, November 5th. Credit Suisse Group reissued an “outperform” rating and set a $90.00 price target (down previously from $100.00) on shares of Everbridge in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on Everbridge from $75.00 to $93.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Stephens reissued a “buy” rating and set a $98.00 price target on shares of Everbridge in a research report on Tuesday, November 5th. Finally, Zacks Investment Research downgraded Everbridge from a “buy” rating to a “hold” rating in a research report on Monday, October 7th.
Shares of NASDAQ:EVBG traded down $0.78 during midday trading on Monday, reaching $83.82. The company had a trading volume of 224,400 shares, compared to its average volume of 541,749. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average price is $70.53 and its 200 day moving average price is $81.10. The stock has a market cap of $2.67 billion, a PE ratio of -58.62 and a beta of 0.91. Everbridge has a 1-year low of $41.94 and a 1-year high of $104.22.
Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, November 4th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $52.55 million for the quarter, compared to the consensus estimate of $51.42 million. Everbridge had a negative return on equity of 29.89% and a negative net margin of 26.36%. Everbridge’s quarterly revenue was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) earnings per share. On average, research analysts expect that Everbridge will post -1.28 earnings per share for the current fiscal year.
In other news, VP Phillip E. Huff sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $82.95, for a total transaction of $269,587.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Imad Mouline sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $82.28, for a total value of $822,800.00. Following the sale, the senior vice president now owns 75,072 shares of the company’s stock, valued at approximately $6,176,924.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,327 shares of company stock worth $2,087,056. Company insiders own 2.20% of the company’s stock.
Several large investors have recently modified their holdings of EVBG. Sun Life Financial INC bought a new stake in shares of Everbridge during the second quarter worth approximately $61,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Everbridge in the second quarter valued at approximately $103,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Everbridge by 16.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,817 shares of the technology company’s stock valued at $112,000 after buying an additional 257 shares during the period. Advisor Group Inc. boosted its stake in shares of Everbridge by 22.4% in the second quarter. Advisor Group Inc. now owns 1,460 shares of the technology company’s stock valued at $131,000 after buying an additional 267 shares during the period. Finally, Westside Investment Management Inc. bought a new stake in shares of Everbridge in the second quarter valued at approximately $169,000.
Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that 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 that 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.
Further Reading: What is the Current Ratio?
Receive News & Ratings for Everbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge and related companies with MarketBeat.com's FREE daily email newsletter.