Everbridge, Inc.’s (EVBG) Quiet Period Will Expire on October 26th
Everbridge’s (NASDAQ:EVBG) quiet period will expire on Wednesday, October 26th. Everbridge had issued 7,500,000 shares in its initial public offering on September 16th. The total size of the offering was $90,000,000 based on an initial share price of $12.00. During Everbridge’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
A number of equities research analysts have recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Everbridge in a research note on Tuesday, October 11th. Pacific Crest began coverage on Everbridge in a report on Tuesday, October 11th. They set an “overweight” rating and a $19.00 target price on the stock. Credit Suisse Group AG began coverage on Everbridge in a report on Tuesday, October 11th. They set an “outperform” rating and a $21.00 target price on the stock. Canaccord Genuity began coverage on Everbridge in a report on Tuesday, October 11th. They set a “buy” rating and a $22.00 target price on the stock. Finally, Stifel Nicolaus began coverage on Everbridge in a report on Tuesday, October 11th. They set a “buy” rating and a $20.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $20.17.
Everbridge (NASDAQ:EVBG) opened at 14.78 on Wednesday. The firm has a 50-day moving average price of $16.09 and a 200-day moving average price of $16.09. Everbridge has a one year low of $11.76 and a one year high of $18.73. The firm’s market capitalization is $182.06 million.
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