Several other research firms have also commented on EVBG. Credit Suisse Group raised their target price on shares of Everbridge from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Stifel Nicolaus raised their target price on shares of Everbridge from $105.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Oppenheimer raised shares of Everbridge from a “market perform” rating to an “outperform” rating and set a $119.00 target price on the stock in a report on Monday, March 9th. Needham & Company LLC raised their target price on shares of Everbridge from $115.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday. Finally, ValuEngine lowered shares of Everbridge from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Everbridge has a consensus rating of “Buy” and a consensus price target of $113.77.
EVBG stock opened at $112.70 on Friday. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 1.95. Everbridge has a 12 month low of $59.85 and a 12 month high of $133.62. The firm has a market cap of $4.20 billion, a P/E ratio of -70.88 and a beta of 0.56. The company’s 50-day moving average price is $103.14 and its two-hundred day moving average price is $84.35.
Everbridge (NASDAQ:EVBG) last released its earnings results on Tuesday, February 18th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Everbridge had a negative net margin of 26.01% and a negative return on equity of 20.18%. The firm had revenue of $57.11 million for the quarter, compared to analyst estimates of $56.21 million. During the same period last year, the firm earned ($0.09) EPS. The business’s quarterly revenue was up 36.5% compared to the same quarter last year. Equities analysts predict that Everbridge will post -2.14 EPS for the current year.
In related news, SVP Elliot J. Mark sold 3,500 shares of Everbridge stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $78.11, for a total transaction of $273,385.00. Following the sale, the senior vice president now directly owns 9,624 shares of the company’s stock, valued at approximately $751,730.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruns H. Grayson sold 10,000 shares of Everbridge stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $101.95, for a total transaction of $1,019,500.00. Following the sale, the director now directly owns 50,000 shares in the company, valued at $5,097,500. The disclosure for this sale can be found here. Insiders have sold a total of 93,499 shares of company stock worth $9,114,894 over the last ninety days. 2.20% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Amalgamated Bank grew its holdings in shares of Everbridge by 5.3% during the 4th quarter. Amalgamated Bank now owns 6,087 shares of the technology company’s stock valued at $475,000 after purchasing an additional 308 shares during the last quarter. Synovus Financial Corp grew its holdings in Everbridge by 11.5% during the 4th quarter. Synovus Financial Corp now owns 3,162 shares of the technology company’s stock worth $243,000 after acquiring an additional 326 shares during the last quarter. Marshall Wace LLP bought a new stake in Everbridge during the 4th quarter worth approximately $30,000. Moody Aldrich Partners LLC grew its holdings in Everbridge by 0.9% during the 4th quarter. Moody Aldrich Partners LLC now owns 50,040 shares of the technology company’s stock worth $3,907,000 after acquiring an additional 468 shares during the last quarter. Finally, Procyon Private Wealth Partners LLC bought a new stake in Everbridge during the 4th quarter worth approximately $38,000.
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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