Everbridge, Inc. (EVBG) Given Average Rating of “Buy” by Analysts
Shares of Everbridge, Inc. (NASDAQ:EVBG) have received an average rating of “Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $31.00.
A number of research firms have commented on EVBG. KeyCorp increased their target price on Everbridge from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, November 7th. Canaccord Genuity reaffirmed a “buy” rating and set a $33.00 target price (up previously from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. Needham & Company LLC increased their target price on Everbridge from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Northland Securities reaffirmed a “buy” rating and set a $33.00 target price on shares of Everbridge in a report on Friday, November 10th. Finally, Zacks Investment Research raised Everbridge from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, November 10th.
Everbridge (EVBG) traded down $2.61 during trading hours on Thursday, reaching $26.97. The company’s stock had a trading volume of 874,300 shares, compared to its average volume of 222,176. Everbridge has a 52 week low of $14.26 and a 52 week high of $29.99.
Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, November 6th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Everbridge had a negative return on equity of 29.44% and a negative net margin of 17.10%. The company had revenue of $27.31 million for the quarter, compared to the consensus estimate of $26.41 million. During the same quarter last year, the business posted ($0.07) EPS. Everbridge’s quarterly revenue was up 37.0% compared to the same quarter last year. sell-side analysts expect that Everbridge will post -0.55 earnings per share for the current year.
In related news, SVP Elliot J. Mark sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $26.81, for a total value of $67,025.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider R William Burgess, Jr. sold 23,244 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $22.56, for a total value of $524,384.64. Following the completion of the sale, the insider now owns 45,165 shares in the company, valued at $1,018,922.40. The disclosure for this sale can be found here. Insiders have sold a total of 83,051 shares of company stock worth $2,073,584 over the last quarter. Insiders own 41.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of EVBG. Janus Henderson Group PLC acquired a new stake in Everbridge in the 3rd quarter valued at approximately $16,417,000. Lord Abbett & CO. LLC acquired a new stake in Everbridge in the 2nd quarter valued at approximately $11,771,000. Hood River Capital Management LLC acquired a new stake in Everbridge in the 3rd quarter valued at approximately $12,288,000. Vanguard Group Inc. increased its position in Everbridge by 115.8% in the 2nd quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock valued at $16,977,000 after acquiring an additional 373,899 shares during the period. Finally, Voya Investment Management LLC acquired a new stake in Everbridge in the 2nd quarter valued at approximately $8,364,000. Hedge funds and other institutional investors own 54.44% 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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