Everbridge (EVBG) Rating Lowered to Sell at BidaskClub
Everbridge (NASDAQ:EVBG) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
A number of other brokerages also recently issued reports on EVBG. Stifel Nicolaus increased their price target on shares of Everbridge from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, September 18th. KeyCorp reissued a “buy” rating and set a $27.00 price target on shares of Everbridge in a report on Sunday, September 10th. Credit Suisse Group reissued an “outperform” rating and set a $30.00 price target (up from $26.50) on shares of Everbridge in a report on Friday, November 17th. Zacks Investment Research downgraded shares of Everbridge from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, William Blair reissued a “buy” rating on shares of Everbridge in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Everbridge presently has an average rating of “Buy” and a consensus target price of $31.00.
Shares of Everbridge (EVBG) traded up $0.45 during midday trading on Thursday, reaching $27.15. 630,676 shares of the company were exchanged, compared to its average volume of 425,190. Everbridge has a 12-month low of $16.63 and a 12-month high of $29.99.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The firm had revenue of $27.31 million for the quarter, compared to the consensus estimate of $26.41 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. analysts anticipate that Everbridge will post -0.55 EPS for the current fiscal year.
In other Everbridge news, SVP Scott Burnett sold 8,695 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $23.38, for a total transaction of $203,289.10. Following the completion of the transaction, the senior vice president now directly owns 199 shares in the company, valued at $4,652.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Elliot J. Mark sold 2,500 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $26.81, for a total transaction of $67,025.00. The disclosure for this sale can be found here. Insiders have sold 149,529 shares of company stock valued at $3,948,164 over the last 90 days. 41.40% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. Legal & General Group Plc raised its position in Everbridge by 196.3% during the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after acquiring an additional 2,885 shares during the period. American International Group Inc. acquired a new stake in shares of Everbridge in the first quarter valued at about $108,000. Fortaleza Asset Management Inc. acquired a new stake in shares of Everbridge in the second quarter valued at about $166,000. Nationwide Fund Advisors raised its position in shares of Everbridge by 210.1% in the second quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock valued at $234,000 after buying an additional 6,497 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Everbridge in the second quarter valued at about $288,000. Institutional investors own 65.40% of the company’s stock.
Everbridge Company Profile
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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