Everbridge (NASDAQ:EVBG) had its price target hoisted by Needham & Company LLC from $32.00 to $40.00 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. Needham & Company LLC currently has a buy rating on the technology company’s stock. The analysts noted that the move was a valuation call.
Several other equities research analysts have also weighed in on the stock. Credit Suisse Group reiterated an outperform rating and issued a $30.00 target price (up from $26.50) on shares of Everbridge in a report on Friday, November 17th. BidaskClub lowered shares of Everbridge from a hold rating to a sell rating in a report on Thursday, December 7th. Zacks Investment Research upgraded shares of Everbridge from a hold rating to a buy rating and set a $31.00 target price on the stock in a report on Friday, November 10th. Northland Securities reiterated a buy rating and issued a $33.00 target price on shares of Everbridge in a report on Friday, November 10th. Finally, William Blair reiterated a buy rating on shares of Everbridge in a report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $36.56.
Shares of Everbridge (EVBG) opened at $32.01 on Thursday. Everbridge has a twelve month low of $16.63 and a twelve month high of $34.75.
Everbridge (NASDAQ:EVBG) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.02) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02). The company had revenue of $29.18 million for the quarter, compared to analyst estimates of $28.49 million. Everbridge had a negative net margin of 18.82% and a negative return on equity of 36.15%. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. equities analysts predict that Everbridge will post -0.39 earnings per share for the current fiscal year.
In related news, CFO Kenneth S. Goldman sold 816 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $32.06, for a total transaction of $26,160.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Elliot J. Mark sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.17, for a total transaction of $32,170.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,028 shares of company stock worth $4,128,849. 41.40% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of EVBG. Janus Henderson Group PLC acquired a new stake in shares of Everbridge during the third quarter worth $16,417,000. Garelick Capital Partners LP raised its holdings in shares of Everbridge by 138.3% during the fourth quarter. Garelick Capital Partners LP now owns 952,826 shares of the technology company’s stock worth $28,318,000 after acquiring an additional 552,958 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Everbridge during the second quarter worth $11,771,000. Fred Alger Management Inc. raised its holdings in shares of Everbridge by 40.1% during the fourth quarter. Fred Alger Management Inc. now owns 1,665,161 shares of the technology company’s stock worth $49,489,000 after acquiring an additional 476,782 shares during the period. Finally, Hood River Capital Management LLC bought a new position in Everbridge in the third quarter valued at $12,288,000. Institutional investors and hedge funds own 74.00% of the company’s stock.
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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