Everbridge Inc (EVBG) Receives Average Rating of “Buy” from Brokerages
Everbridge Inc (NASDAQ:EVBG) has been given a consensus rating of “Buy” by the ten brokerages that are covering the stock. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $23.88.
EVBG has been the topic of several analyst reports. Zacks Investment Research upgraded Everbridge from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a report on Monday, May 1st. Pacific Crest reiterated a “buy” rating on shares of Everbridge in a report on Tuesday, May 9th. Stifel Nicolaus reiterated a “buy” rating and set a $27.00 target price (up from $22.00) on shares of Everbridge in a report on Tuesday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price (up from $25.00) on shares of Everbridge in a report on Tuesday, May 9th. Finally, Bank of America Corp raised their target price on Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, May 9th.
Everbridge (NASDAQ:EVBG) traded up 0.08% during trading on Tuesday, reaching $25.15. The company’s stock had a trading volume of 9,634 shares. The company’s 50-day moving average is $22.78 and its 200-day moving average is $19.34. The company’s market capitalization is $700.73 million. Everbridge has a 1-year low of $11.76 and a 1-year high of $25.66.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, May 8th. The technology company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.02. The firm had revenue of $22.80 million during the quarter, compared to analysts’ expectations of $22.09 million. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. Equities analysts anticipate that Everbridge will post ($0.30) EPS for the current year.
In other Everbridge news, major shareholder Ventures Ix L. P. Abs sold 1,150,000 shares of the business’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $18.86, for a total value of $21,689,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cintawati W. Putra sold 580,000 shares of the business’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $18.86, for a total value of $10,938,800.00. The disclosure for this sale can be found here. Insiders sold 2,430,000 shares of company stock valued at $45,829,800 in the last ninety days.
Several hedge funds have recently made changes to their positions in the company. Driehaus Capital Management LLC bought a new stake in shares of Everbridge during the first quarter worth $3,670,000. Bank of America Corp DE boosted its stake in shares of Everbridge by 523.8% in the first quarter. Bank of America Corp DE now owns 34,086 shares of the technology company’s stock worth $700,000 after buying an additional 28,622 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Everbridge by 101.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 27,836 shares of the technology company’s stock worth $572,000 after buying an additional 14,036 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Everbridge during the first quarter worth $1,102,000. Finally, Kennedy Capital Management Inc. bought a new stake in shares of Everbridge during the first quarter worth $5,478,000. 24.16% of the stock is owned by institutional investors.
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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