Stephens initiated coverage on shares of Everbridge (NASDAQ:EVBG) in a research report report published on Monday, TipRanks reports. The firm issued a buy rating and a $98.00 target price on the technology company’s stock.
A number of other equities analysts have also issued reports on EVBG. Canaccord Genuity decreased their price target on Everbridge from $105.00 to $90.00 and set a buy rating for the company in a research note on Tuesday, November 5th. Northland Securities reissued a buy rating and issued a $99.00 price objective on shares of Everbridge in a research note on Tuesday, November 5th. Raymond James upped their price objective on Everbridge from $82.00 to $100.00 and gave the company an outperform rating in a report on Tuesday, August 6th. Credit Suisse Group reaffirmed an outperform rating and set a $90.00 target price (down previously from $100.00) on shares of Everbridge in a research note on Tuesday, November 5th. Finally, Zacks Investment Research cut Everbridge from a buy rating to a hold rating in a research note on Monday, October 7th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $97.42.
Shares of EVBG stock traded up $1.34 during midday trading on Monday, reaching $85.90. 57,042 shares of the company were exchanged, compared to its average volume of 527,576. The company’s 50 day moving average price is $78.60 and its two-hundred day moving average price is $82.07. The company has a market cap of $2.84 billion, a P/E ratio of -60.07 and a beta of 1.01. Everbridge has a 12 month low of $46.36 and a 12 month high of $104.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.76 and a current ratio of 1.76.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, November 4th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. Everbridge had a negative net margin of 26.36% and a negative return on equity of 26.35%. The business had revenue of $52.55 million during the quarter, compared to analysts’ expectations of $51.42 million. During the same period last year, the firm posted ($0.10) earnings per share. The business’s revenue was up 35.0% on a year-over-year basis. As a group, sell-side analysts predict that Everbridge will post -1.28 earnings per share for the current year.
In related news, CFO Patrick Brickley sold 8,183 shares of Everbridge stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $69.85, for a total value of $571,582.55. Also, Director Bruns H. Grayson sold 20,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $85.90, for a total value of $1,718,000.00. Following the sale, the director now directly owns 60,000 shares in the company, valued at $5,154,000. The disclosure for this sale can be found here. Insiders sold 28,994 shares of company stock worth $2,359,734 in the last ninety days. 2.20% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Sun Life Financial INC acquired a new stake in Everbridge during the 2nd quarter worth about $61,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Everbridge during the second quarter valued at approximately $103,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Everbridge by 16.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,817 shares of the technology company’s stock valued at $112,000 after acquiring an additional 257 shares during the period. Advisor Group Inc. lifted its position in shares of Everbridge by 22.4% in the 2nd quarter. Advisor Group Inc. now owns 1,460 shares of the technology company’s stock valued at $131,000 after acquiring an additional 267 shares in the last quarter. Finally, Westside Investment Management Inc. purchased a new stake in shares of Everbridge in the 2nd quarter valued at approximately $169,000.
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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