Credit Suisse Group Reiterates Outperform Rating for Everbridge, Inc. (EVBG)
Everbridge, Inc. (NASDAQ:EVBG)‘s stock had its “outperform” rating reaffirmed by investment analysts at Credit Suisse Group in a report issued on Friday, MarketBeat.com reports. They currently have a $30.00 price target on the technology company’s stock, up from their prior price target of $26.50. Credit Suisse Group’s target price points to a potential upside of 15.07% from the company’s previous close.
EVBG has been the subject of a number of other research reports. ValuEngine upgraded Everbridge from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Zacks Investment Research upgraded Everbridge from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Friday, November 10th. Northland Securities restated a “buy” rating and issued a $33.00 target price on shares of Everbridge in a research report on Friday, November 10th. Needham & Company LLC boosted their target price on Everbridge from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Finally, KeyCorp boosted their target price on Everbridge from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $31.00.
Everbridge (EVBG) traded down $0.43 during trading hours on Friday, reaching $26.07. The company had a trading volume of 486,409 shares, compared to its average volume of 227,757. Everbridge has a one year low of $14.26 and a one year high of $29.99.
TRADEMARK VIOLATION NOTICE: “Credit Suisse Group Reiterates Outperform Rating for Everbridge, Inc. (EVBG)” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/11/17/everbridge-inc-evbg-research-coverage-started-at-credit-suisse-group.html.
In related news, CFO Kenneth S. Goldman sold 11,141 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $26.88, for a total transaction of $299,470.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Elliot J. Mark sold 1,000 shares of the company’s 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 83,051 shares of company stock valued at $2,073,584 in the last quarter. Corporate insiders own 41.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. purchased a new stake in Everbridge in the second quarter worth $2,706,000. Nicholas Investment Partners LP grew its stake in Everbridge by 20.8% in the second quarter. Nicholas Investment Partners LP now owns 436,179 shares of the technology company’s stock worth $10,626,000 after purchasing an additional 75,076 shares during the period. Vanguard Group Inc. grew its stake in Everbridge by 11.6% in the first quarter. Vanguard Group Inc. now owns 323,018 shares of the technology company’s stock worth $6,631,000 after purchasing an additional 33,665 shares during the period. Bank of New York Mellon Corp grew its stake in Everbridge by 67.8% in the second quarter. Bank of New York Mellon Corp now owns 198,687 shares of the technology company’s stock worth $4,840,000 after purchasing an additional 80,245 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Everbridge in the second quarter worth $288,000. Institutional investors own 54.44% 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.
Receive News & Ratings for Everbridge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge Inc. and related companies with MarketBeat.com's FREE daily email newsletter.