Everbridge, Inc. (EVBG) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Everbridge, Inc. (NASDAQ:EVBG) have received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $26.33.
Several analysts recently issued reports on the stock. KeyCorp reaffirmed a “buy” rating and set a $27.00 price objective on shares of Everbridge in a research note on Friday. Canaccord Genuity upped their price objective on shares of Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price objective (up previously from $25.00) on shares of Everbridge in a research note on Tuesday, May 9th. Zacks Investment Research raised shares of Everbridge from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Finally, Bank of America Corporation boosted their target price on shares of Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, May 9th.
In other news, SVP Scott Burnett sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $23.89, for a total value of $238,900.00. Following the transaction, the senior vice president now directly owns 199 shares in the company, valued at approximately $4,754.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth S. Goldman sold 27,609 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $23.05, for a total transaction of $636,387.45. Following the completion of the transaction, the chief financial officer now owns 1,742 shares in the company, valued at $40,153.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 227,107 shares of company stock worth $5,358,794. Company insiders own 41.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Everbridge by 11.6% in the first quarter. Vanguard Group Inc. now owns 323,018 shares of the technology company’s stock valued at $6,631,000 after buying an additional 33,665 shares in the last quarter. Menta Capital LLC bought a new position in shares of Everbridge during the first quarter valued at approximately $536,000. TIAA CREF Investment Management LLC raised its position in shares of Everbridge by 45.9% in the first quarter. TIAA CREF Investment Management LLC now owns 21,204 shares of the technology company’s stock valued at $435,000 after buying an additional 6,672 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of Everbridge by 25.1% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 628,926 shares of the technology company’s stock valued at $12,912,000 after buying an additional 126,056 shares in the last quarter. Finally, American International Group Inc. bought a new position in shares of Everbridge during the first quarter valued at approximately $108,000. Hedge funds and other institutional investors own 37.60% of the company’s stock.
Shares of Everbridge (EVBG) traded up 0.72% on Tuesday, hitting $22.33. 272,573 shares of the company were exchanged. The firm’s 50-day moving average is $23.89 and its 200-day moving average is $21.86. The stock’s market capitalization is $622.16 million. Everbridge has a 52-week low of $11.76 and a 52-week high of $26.87.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. Everbridge had a negative net margin of 16.72% and a negative return on equity of 27.23%. The company had revenue of $25 million during the quarter, compared to analysts’ expectations of $24.49 million. The company’s quarterly revenue was up 34.4% on a year-over-year basis. Equities research analysts predict that Everbridge will post ($0.28) earnings per share for the current year.
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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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