Shares of Everbridge Inc (NASDAQ:EVBG) have received a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $31.00.
A number of equities research analysts recently issued reports on EVBG shares. Stifel Nicolaus increased their target price on shares of Everbridge from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. KeyCorp reiterated a “buy” rating and set a $27.00 target price on shares of Everbridge in a research report on Sunday, September 10th. Credit Suisse Group restated an “outperform” rating and issued a $30.00 price objective (up previously from $26.50) on shares of Everbridge in a research report on Friday, November 17th. William Blair restated a “buy” rating on shares of Everbridge in a research report on Monday, September 25th. Finally, Canaccord Genuity restated a “buy” rating and issued a $33.00 price objective (up previously from $28.00) on shares of Everbridge in a research report on Tuesday, November 7th.
Shares of Everbridge (NASDAQ EVBG) traded up $0.30 during trading on Friday, hitting $29.77. 389,300 shares of the company were exchanged, compared to its average volume of 340,300. The firm has a market cap of $835.21 and a PE ratio of -49.62. Everbridge has a 1-year low of $16.63 and a 1-year high of $30.23.
In other news, CEO Jaime Wallace Ellertson sold 97,500 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $26.43, for a total value of $2,576,925.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kenneth S. Goldman sold 11,141 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $26.88, for a total transaction of $299,470.08. The disclosure for this sale can be found here. Insiders sold a total of 152,753 shares of company stock valued at $4,117,961 in the last 90 days. Corporate insiders own 41.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc boosted 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. Schwab Charles Investment Management Inc. boosted its stake in shares of Everbridge by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 65,971 shares of the technology company’s stock valued at $1,743,000 after purchasing an additional 3,499 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Everbridge by 21.5% in the 2nd quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock valued at $818,000 after purchasing an additional 5,946 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Everbridge by 77.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,172 shares of the technology company’s stock valued at $345,000 after purchasing an additional 6,177 shares during the last quarter. Finally, Nationwide Fund Advisors boosted 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. 65.40% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: “Everbridge Inc (EVBG) Given Consensus Recommendation of “Buy” by Brokerages” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/01/05/everbridge-inc-evbg-given-consensus-recommendation-of-buy-by-brokerages.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge and related companies with MarketBeat.com's FREE daily email newsletter.