Harvest Capital Strategies LLC decreased its position in shares of Everbridge Inc (NASDAQ:EVBG) by 55.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the technology company’s stock after selling 250,000 shares during the period. Everbridge comprises 1.0% of Harvest Capital Strategies LLC’s holdings, making the stock its 24th largest holding. Harvest Capital Strategies LLC owned approximately 0.71% of Everbridge worth $5,944,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EVBG. Nationwide Fund Advisors boosted its position in shares of Everbridge by 210.1% during the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after acquiring an additional 6,497 shares in the last quarter. Northern Trust Corp boosted its position in shares of Everbridge by 126.9% during the 2nd quarter. Northern Trust Corp now owns 202,464 shares of the technology company’s stock worth $4,932,000 after acquiring an additional 113,216 shares in the last quarter. Vanguard Group Inc. boosted its position in Everbridge by 115.8% in the second quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock valued at $16,977,000 after buying an additional 373,899 shares in the last quarter. State Street Corp boosted its position in Everbridge by 105.2% in the second quarter. State Street Corp now owns 261,957 shares of the technology company’s stock valued at $6,380,000 after buying an additional 134,301 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Everbridge by 77.3% in the second quarter. The Manufacturers Life Insurance Company now owns 14,172 shares of the technology company’s stock valued at $345,000 after buying an additional 6,177 shares in the last quarter. Institutional investors and hedge funds own 80.01% of the company’s stock.
A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Everbridge from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price (up previously from $32.00) on shares of Everbridge in a research report on Thursday, February 22nd. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and issued a $33.00 target price on shares of Everbridge in a research report on Thursday, January 11th. Credit Suisse Group restated an “outperform” rating and issued a $38.00 target price (up previously from $37.00) on shares of Everbridge in a research report on Thursday, February 22nd. Finally, Bank of America restated a “buy” rating and issued a $38.00 target price (up previously from $30.00) on shares of Everbridge in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Everbridge currently has an average rating of “Buy” and an average price target of $36.56.
Shares of Everbridge Inc (NASDAQ EVBG) opened at $36.31 on Wednesday. Everbridge Inc has a 52-week low of $16.63 and a 52-week high of $38.78. The firm has a market cap of $1,059.43, a P/E ratio of -52.21 and a beta of 1.42.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The firm had revenue of $29.18 million during the quarter, compared to the consensus estimate of $28.49 million. Everbridge had a negative net margin of 18.82% and a negative return on equity of 36.15%. The company’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) earnings per share. equities research analysts forecast that Everbridge Inc will post -1.43 earnings per share for the current fiscal 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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