Everbridge Inc (NASDAQ:EVBG) has been assigned an average rating of “Buy” from the sixteen research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $100.27.
Several brokerages have commented on EVBG. Raymond James raised their price target on shares of Everbridge from $82.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. KeyCorp reiterated a “hold” rating on shares of Everbridge in a research report on Thursday, June 20th. Zacks Investment Research downgraded Everbridge from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Bank of America raised their price objective on Everbridge from $85.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Finally, Canaccord Genuity raised their price objective on Everbridge from $85.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, June 21st.
In other Everbridge news, CFO Patrick Brickley sold 8,183 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $69.85, for a total transaction of $571,582.55. Also, VP Phillip E. Huff sold 3,250 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $82.95, for a total transaction of $269,587.50. The disclosure for this sale can be found here. Insiders sold a total of 67,480 shares of company stock valued at $6,130,872 in the last quarter. Corporate insiders own 2.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in EVBG. Sun Life Financial INC bought a new stake in shares of Everbridge during the 2nd quarter worth $61,000. Harvest Fund Management Co. Ltd bought a new position in Everbridge during the second quarter valued at $103,000. Advisor Group Inc. lifted its position in Everbridge by 22.4% during the second quarter. Advisor Group Inc. now owns 1,460 shares of the technology company’s stock valued at $131,000 after purchasing an additional 267 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in Everbridge by 68.1% during the first quarter. Rehmann Capital Advisory Group now owns 1,716 shares of the technology company’s stock valued at $129,000 after purchasing an additional 695 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new position in Everbridge during the second quarter valued at $169,000.
NASDAQ:EVBG traded down $0.57 during trading hours on Thursday, hitting $70.54. The stock had a trading volume of 6,281 shares, compared to its average volume of 612,917. The company has a 50 day simple moving average of $71.52 and a two-hundred day simple moving average of $80.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.40 and a quick ratio of 2.40. Everbridge has a one year low of $41.94 and a one year high of $104.22. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of -49.55 and a beta of 0.89.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Monday, August 5th. The technology company reported ($0.32) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.05. Everbridge had a negative net margin of 25.85% and a negative return on equity of 32.97%. The firm had revenue of $48.40 million during the quarter, compared to the consensus estimate of $47.99 million. During the same period last year, the firm earned ($0.18) EPS. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. Equities research analysts anticipate that Everbridge will post -1.37 earnings per share for the current year.
Everbridge Company Profile
Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management that enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.
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