Everbridge, Inc. (NASDAQ:EVBG) has been assigned an average rating of “Buy” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $31.00.

A number of analysts recently weighed in on EVBG shares. Credit Suisse Group reissued an “outperform” rating and issued a $30.00 target price (up previously from $26.50) on shares of Everbridge in a research note on Friday, November 17th. Zacks Investment Research raised shares of Everbridge from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, November 10th. Northland Securities reissued a “buy” rating and issued a $33.00 target price on shares of Everbridge in a research note on Friday, November 10th. Stifel Nicolaus upped their target price on shares of Everbridge from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Needham & Company LLC upped their price objective on shares of Everbridge from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th.

In other Everbridge news, SVP Elliot J. Mark sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $26.94, for a total transaction of $26,940.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jaime Wallace Ellertson sold 97,500 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $26.43, for a total transaction of $2,576,925.00. The disclosure for this sale can be found here. Insiders have sold 149,529 shares of company stock worth $3,948,164 over the last ninety days. Insiders own 41.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of EVBG. Legal & General Group Plc grew its stake in shares of Everbridge by 196.3% during the second 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. Fortaleza Asset Management Inc. bought a new stake in shares of Everbridge during the second quarter valued at approximately $166,000. Nationwide Fund Advisors grew its stake in shares of Everbridge by 210.1% during the second 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. Arrowstreet Capital Limited Partnership bought a new stake in shares of Everbridge during the second quarter valued at approximately $288,000. Finally, US Bancorp DE bought a new stake in shares of Everbridge during the second quarter valued at approximately $292,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Everbridge (EVBG) traded up $0.45 during midday trading on Monday, reaching $27.15. 630,600 shares of the company were exchanged, compared to its average volume of 237,507. Everbridge has a twelve month low of $16.63 and a twelve month high of $29.99.

Everbridge (NASDAQ:EVBG) last posted its earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The business had revenue of $27.31 million for the quarter, compared to analysts’ expectations of $26.41 million. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. equities analysts expect that Everbridge will post -0.55 EPS for the current year.

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About Everbridge

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.

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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