Everbridge Inc (EVBG) Receives Average Rating of “Buy” from Analysts
Shares of Everbridge Inc (NASDAQ:EVBG) have been assigned an average recommendation of “Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $23.88.
Several research firms have commented on EVBG. Zacks Investment Research raised shares of Everbridge from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a research report on Monday, May 1st. Pacific Crest reissued a “buy” rating on shares of Everbridge in a research report on Tuesday, May 9th. Stifel Nicolaus reissued a “buy” rating and set a $27.00 target price (up from $22.00) on shares of Everbridge in a research report on Tuesday, May 9th. Needham & Company LLC reissued a “buy” rating and set a $28.00 target price (up from $25.00) on shares of Everbridge in a research report on Tuesday, May 9th. Finally, Bank of America Corporation increased their target price on shares of Everbridge from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th.
Shares of Everbridge (EVBG) traded up 3.656% during midday trading on Monday, hitting $25.095. The stock had a trading volume of 149,708 shares. Everbridge has a 1-year low of $11.76 and a 1-year high of $26.87. The firm’s market cap is $699.20 million. The firm has a 50-day moving average price of $24.67 and a 200-day moving average price of $20.54.
Everbridge (NASDAQ:EVBG) last posted its earnings results on Monday, May 8th. The technology company reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.02. The firm had revenue of $22.80 million for the quarter, compared to the consensus estimate of $22.09 million. Everbridge had a negative net margin of 27.15% and a negative return on equity of 61.90%. Everbridge’s revenue was up 33.3% compared to the same quarter last year. On average, equities analysts anticipate that Everbridge will post ($0.30) EPS for the current fiscal year.
In other news, SVP Imad Mouline sold 35,000 shares of the firm’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 $660,100.00. Following the sale, the senior vice president now directly owns 230,774 shares of the company’s stock, valued at $4,352,397.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Cintawati W. Putra sold 580,000 shares of the firm’s stock in a transaction dated Tuesday, April 11th. The shares were 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. Over the last ninety days, insiders sold 2,440,000 shares of company stock worth $46,068,700. 41.40% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of EVBG. Driehaus Capital Management LLC acquired a new stake in shares of Everbridge during the first quarter valued at about $3,670,000. Bank of America Corp DE increased 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 valued at $700,000 after buying an additional 28,622 shares in the last quarter. Schwab Charles Investment Management Inc. increased 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 valued at $572,000 after buying an additional 14,036 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Everbridge during the first quarter valued at about $1,102,000. Finally, Kennedy Capital Management Inc. acquired a new stake in shares of Everbridge during the first quarter valued at about $5,478,000. 36.04% of the stock is currently 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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