Stephens set a $98.00 price objective on Everbridge (NASDAQ:EVBG) in a report published on Tuesday, TipRanks reports. The brokerage currently has a buy rating on the technology company’s stock.
A number of other equities research analysts have also recently issued reports on EVBG. Stifel Nicolaus increased their target price on shares of Everbridge from $91.00 to $100.00 in a research report on Thursday, June 20th. BidaskClub lowered shares of Everbridge from a buy rating to a hold rating in a research report on Friday, September 6th. SunTrust Banks boosted their price target on shares of Everbridge to $100.00 and gave the company a positive rating in a research report on Thursday, June 20th. JPMorgan Chase & Co. upped their price objective on shares of Everbridge from $75.00 to $93.00 and gave the stock a neutral rating in a research note on Tuesday, August 6th. Finally, Bank of America raised their price objective on shares of Everbridge from $85.00 to $102.00 and gave the stock a buy rating in a report on Thursday, June 20th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $100.00.
Everbridge stock traded down $1.12 during mid-day trading on Tuesday, hitting $69.37. 1,153,277 shares of the company were exchanged, compared to its average volume of 540,279. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $86.70 and a 200 day moving average of $81.72. Everbridge has a 1-year low of $41.94 and a 1-year high of $104.22. The company has a market capitalization of $2.35 billion, a PE ratio of -48.51 and a beta of 0.95.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Monday, August 5th. The technology company reported ($0.32) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.05. Everbridge had a negative return on equity of 32.97% and a negative net margin of 25.85%. The company had revenue of $48.40 million during the quarter, compared to analysts’ expectations of $47.99 million. During the same period last year, the business earned ($0.18) earnings per share. The business’s revenue was up 35.2% on a year-over-year basis. Research analysts expect that Everbridge will post -1.37 earnings per share for the current year.
In other Everbridge news, EVP James Totton sold 21,875 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $94.15, for a total transaction of $2,059,531.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Imad Mouline sold 70,000 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $88.14, for a total transaction of $6,169,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 158,612 shares of company stock valued at $14,475,675. 2.20% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in EVBG. River & Mercantile Asset Management LLP acquired a new position in shares of Everbridge during the second quarter worth approximately $3,638,000. Natixis acquired a new stake in shares of Everbridge in the second quarter valued at approximately $3,231,000. Harvest Fund Management Co. Ltd bought a new position in Everbridge in the 2nd quarter worth approximately $103,000. Needham Investment Management LLC raised its position in Everbridge by 6.7% in the 2nd quarter. Needham Investment Management LLC now owns 16,000 shares of the technology company’s stock worth $1,431,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Everbridge by 1,215.6% during the 2nd quarter. Royal Bank of Canada now owns 12,893 shares of the technology company’s stock worth $1,153,000 after buying an additional 11,913 shares in the last quarter.
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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