Everbridge’s (EVBG) Buy Rating Reiterated at Stephens

Stephens reissued their buy rating on shares of Everbridge (NASDAQ:EVBG) in a research note published on Tuesday, AnalystRatings.com reports. They currently have a $98.00 price objective on the technology company’s stock.

EVBG has been the topic of a number of other research reports. Zacks Investment Research cut shares of Everbridge from a buy rating to a hold rating in a research report on Monday, October 7th. BidaskClub upgraded shares of Everbridge from a sell rating to a hold rating in a research report on Thursday, October 3rd. ValuEngine upgraded shares of Everbridge from a hold rating to a buy rating in a research report on Friday, November 1st. Raymond James boosted their price objective on shares of Everbridge from $82.00 to $100.00 and gave the company an outperform rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Everbridge from $75.00 to $93.00 and gave the company a neutral rating in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $97.42.

Everbridge stock traded up $0.97 during mid-day trading on Tuesday, reaching $78.05. The company’s stock had a trading volume of 370,800 shares, compared to its average volume of 544,124. The company has a market capitalization of $2.69 billion, a P/E ratio of -54.58 and a beta of 0.91. The firm’s fifty day moving average price is $69.29 and its two-hundred day moving average price is $80.81. Everbridge has a 12-month low of $41.94 and a 12-month high of $104.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.40 and a current ratio of 2.40.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, November 4th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Everbridge had a negative net margin of 26.36% and a negative return on equity of 29.89%. The firm had revenue of $52.55 million for the quarter, compared to analysts’ expectations of $51.42 million. During the same quarter in the previous year, the company earned ($0.10) earnings per share. The company’s revenue for the quarter was up 35.0% compared to the same quarter last year. On average, research analysts predict that Everbridge will post -1.28 EPS for the current fiscal year.

In related news, SVP Imad Mouline sold 10,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $82.28, for a total transaction of $822,800.00. Following the transaction, the senior vice president now owns 75,072 shares in the company, valued at $6,176,924.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Elliot J. Mark sold 4,894 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $86.45, for a total transaction of $423,086.30. Following the transaction, the senior vice president now owns 11,018 shares in the company, valued at approximately $952,506.10. The disclosure for this sale can be found here. Insiders have sold 26,327 shares of company stock worth $2,087,056 in the last quarter. 2.20% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in EVBG. Vanguard Group Inc. increased its position in shares of Everbridge by 52.1% during the second quarter. Vanguard Group Inc. now owns 3,144,174 shares of the technology company’s stock valued at $281,152,000 after buying an additional 1,077,481 shares during the period. Invesco Ltd. increased its position in shares of Everbridge by 1,126.2% during the second quarter. Invesco Ltd. now owns 707,005 shares of the technology company’s stock valued at $63,220,000 after buying an additional 649,349 shares during the period. BlackRock Inc. increased its position in shares of Everbridge by 29.5% during the second quarter. BlackRock Inc. now owns 2,596,838 shares of the technology company’s stock valued at $232,209,000 after buying an additional 591,681 shares during the period. Sylebra Capital Ltd increased its position in shares of Everbridge by 251.5% during the second quarter. Sylebra Capital Ltd now owns 821,140 shares of the technology company’s stock valued at $73,426,000 after buying an additional 587,542 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of Everbridge by 5,804.9% during the second quarter. Macquarie Group Ltd. now owns 416,768 shares of the technology company’s stock valued at $37,267,000 after buying an additional 409,710 shares during the period.

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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Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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