Needham & Company LLC Boosts Everbridge, Inc. (EVBG) Price Target to $32.00
Everbridge, Inc. (NASDAQ:EVBG) had its price objective boosted by Needham & Company LLC from $28.00 to $32.00 in a report published on Tuesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the technology company’s stock.
EVBG has been the subject of several other research reports. ValuEngine raised Everbridge from a sell rating to a hold rating in a research report on Monday, September 18th. Northland Securities reissued an outperform rating and issued a $31.00 target price (up previously from $28.00) on shares of Everbridge in a research report on Friday, October 13th. Zacks Investment Research lowered Everbridge from a hold rating to a sell rating in a research report on Tuesday, October 3rd. William Blair reissued a buy rating on shares of Everbridge in a research report on Monday, September 25th. Finally, KeyCorp reissued a buy rating and issued a $27.00 target price on shares of Everbridge in a research report on Sunday, September 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $30.75.
Everbridge (EVBG) traded up $0.63 on Tuesday, reaching $28.04. The company’s stock had a trading volume of 251,126 shares, compared to its average volume of 217,462. Everbridge has a fifty-two week low of $14.26 and a fifty-two week high of $29.64.
Everbridge (NASDAQ:EVBG) last announced its earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $27.31 million during the quarter, compared to analyst estimates of $26.41 million. During the same quarter in the prior year, the company earned ($0.07) EPS. The business’s revenue was up 37.0% compared to the same quarter last year. equities research analysts forecast that Everbridge will post -0.55 earnings per share for the current fiscal year.
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In related news, SVP Gary R. Phillips sold 7,778 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $22.88, for a total transaction of $177,960.64. Following the completion of the transaction, the senior vice president now owns 1,045 shares of the company’s stock, valued at approximately $23,909.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Scott Burnett sold 8,695 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $23.38, for a total value of $203,289.10. Following the transaction, the senior vice president now directly owns 199 shares of the company’s stock, valued at approximately $4,652.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,751 shares of company stock valued at $2,033,059. 41.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of EVBG. Bank of New York Mellon Corp boosted its stake in Everbridge by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 118,442 shares of the technology company’s stock valued at $2,432,000 after purchasing an additional 325 shares during the last quarter. Gradient Investments LLC boosted its stake in Everbridge by 3.3% during the 2nd quarter. Gradient Investments LLC now owns 18,017 shares of the technology company’s stock valued at $439,000 after purchasing an additional 576 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Everbridge by 6.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock valued at $404,000 after purchasing an additional 1,199 shares during the last quarter. Legal & General Group Plc boosted its stake in Everbridge by 196.3% during the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after purchasing an additional 2,885 shares during the last quarter. Finally, American International Group Inc. purchased a new stake in Everbridge during the 1st quarter valued at $108,000. 51.93% of the stock is owned by institutional investors.
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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