Everbridge, Inc. (EVBG) Receives Average Recommendation of “Buy” from Analysts
Shares of Everbridge, Inc. (NASDAQ:EVBG) have been assigned an average recommendation of “Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $29.14.
Several research firms have commented on EVBG. ValuEngine raised Everbridge from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Northland Securities reaffirmed an “outperform” rating and set a $31.00 price target (up previously from $28.00) on shares of Everbridge in a research report on Friday, October 13th. SunTrust Banks, Inc. began coverage on Everbridge in a research report on Monday, June 26th. They set a “buy” rating and a $32.00 price target on the stock. Zacks Investment Research lowered Everbridge from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, William Blair reaffirmed a “buy” rating on shares of Everbridge in a research report on Monday, September 25th.
Shares of Everbridge (EVBG) traded up 0.38% during midday trading on Friday, reaching $26.76. The company had a trading volume of 74,991 shares. Everbridge has a 52-week low of $12.92 and a 52-week high of $27.50. The stock’s market capitalization is $751.82 million. The company’s 50 day moving average price is $25.84 and its 200 day moving average price is $25.84.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $25.00 million for the quarter, compared to analyst estimates of $24.49 million. Everbridge had a negative return on equity of 26.39% and a negative net margin of 16.72%. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. Equities research analysts expect that Everbridge will post ($0.28) earnings per share for the current year.
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In other Everbridge news, SVP Gary R. Phillips sold 15,000 shares of Everbridge stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $22.04, for a total value of $330,600.00. Following the transaction, the senior vice president now directly owns 1,045 shares in the company, valued at approximately $23,031.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Elliot J. Mark sold 1,000 shares of Everbridge stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $26.94, for a total value of $26,940.00. The disclosure for this sale can be found here. Insiders sold a total of 170,245 shares of company stock worth $4,031,573 over the last quarter. Company insiders own 41.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc grew its stake in shares of Everbridge by 196.3% in 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. American International Group Inc. purchased a new position in shares of Everbridge in the 1st quarter valued at approximately $108,000. Fortaleza Asset Management Inc. purchased a new position in shares of Everbridge in the 2nd quarter valued at approximately $166,000. Nationwide Fund Advisors grew its stake in shares of Everbridge by 210.1% in the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock valued at $234,000 after purchasing an additional 6,497 shares during the last quarter. Finally, Teachers Advisors LLC purchased a new position in shares of Everbridge in the 4th quarter valued at approximately $180,000. Institutional investors own 51.02% of the company’s stock.
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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