Everbridge (NASDAQ:EVBG)‘s stock had its “buy” rating reissued by Canaccord Genuity in a research note issued on Tuesday, The Fly reports. They currently have a $85.00 price target on the technology company’s stock, up from their previous price target of $75.00. Canaccord Genuity’s price objective would indicate a potential upside of 14.85% from the company’s current price.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Everbridge from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Stephens reissued a “buy” rating and set a $74.00 price target on shares of Everbridge in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $85.00 price target on shares of Everbridge in a report on Tuesday. Finally, BidaskClub cut Everbridge from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $68.00.
NASDAQ:EVBG opened at $74.01 on Tuesday. The firm has a market cap of $2.44 billion, a PE ratio of -51.76 and a beta of 0.93. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 2.23. Everbridge has a fifty-two week low of $39.52 and a fifty-two week high of $76.60.
Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, May 6th. The technology company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.03. The firm had revenue of $42.82 million during the quarter, compared to the consensus estimate of $42.23 million. Everbridge had a negative return on equity of 81.85% and a negative net margin of 32.30%. The company’s revenue was up 40.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.17) EPS. On average, research analysts expect that Everbridge will post -1.48 earnings per share for the current year.
In other news, SVP Elliot J. Mark sold 1,609 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $75.00, for a total value of $120,675.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Imad Mouline sold 3,000 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $64.67, for a total value of $194,010.00. The disclosure for this sale can be found here. In the last three months, insiders sold 33,431 shares of company stock valued at $2,422,469. Insiders own 2.20% of the company’s stock.
Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of Everbridge by 42.1% in the third quarter. AQR Capital Management LLC now owns 15,155 shares of the technology company’s stock valued at $874,000 after buying an additional 4,493 shares during the period. Vanguard Group Inc. increased its stake in shares of Everbridge by 14.8% in the third quarter. Vanguard Group Inc. now owns 1,263,119 shares of the technology company’s stock valued at $72,807,000 after buying an additional 162,373 shares during the period. Cowbird Capital LP bought a new stake in shares of Everbridge during the 4th quarter valued at about $3,951,000. Bank of New York Mellon Corp boosted its position in shares of Everbridge by 24.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 284,537 shares of the technology company’s stock valued at $16,401,000 after purchasing an additional 55,667 shares in the last quarter. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Everbridge during the 1st quarter valued at about $5,759,000. 86.44% of the stock is owned by institutional investors.
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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