Everbridge (EVBG) Hits New 52-Week High at $30.69
Everbridge Inc (NASDAQ:EVBG) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.69 and last traded at $29.83, with a volume of 256300 shares changing hands. The stock had previously closed at $30.08.
A number of equities research analysts have recently issued reports on the stock. William Blair restated a “buy” rating on shares of Everbridge in a research note on Tuesday, December 26th. BidaskClub lowered shares of Everbridge from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Credit Suisse Group restated an “outperform” rating and issued a $30.00 target price (up previously from $26.50) on shares of Everbridge in a research note on Friday, November 17th. Northland Securities restated a “buy” rating and issued a $33.00 target price on shares of Everbridge in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Everbridge from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. Everbridge has an average rating of “Buy” and a consensus target price of $31.00.
The firm has a market cap of $842.84 and a P/E ratio of -51.15.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. The firm had revenue of $27.31 million for the quarter, compared to analyst estimates of $26.41 million. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. Everbridge’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. research analysts forecast that Everbridge Inc will post -0.55 earnings per share for the current year.
In other Everbridge news, CEO Jaime Wallace Ellertson sold 97,500 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $26.43, for a total value of $2,576,925.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kenneth S. Goldman sold 11,141 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $26.88, for a total transaction of $299,470.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,753 shares of company stock worth $4,117,961. 41.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EVBG. Schwab Charles Investment Management Inc. grew its position in Everbridge by 124.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 62,472 shares of the technology company’s stock worth $1,522,000 after purchasing an additional 34,636 shares during the last quarter. Rhumbline Advisers bought a new position in Everbridge in the 2nd quarter worth about $452,000. Bank of New York Mellon Corp grew its position in Everbridge by 67.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 198,687 shares of the technology company’s stock worth $4,840,000 after purchasing an additional 80,245 shares during the last quarter. Legal & General Group Plc grew its position in Everbridge by 196.3% in the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after purchasing an additional 2,885 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Everbridge by 21.5% in the 2nd quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock worth $818,000 after purchasing an additional 5,946 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.
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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