Everbridge Inc (NASDAQ:EVBG) had its price target hoisted by Bank of America Corp from $24.00 to $28.00 in a research report released on Tuesday. They currently have a buy rating on the technology company’s stock.
A number of other brokerages also recently commented on EVBG. Zacks Investment Research raised shares of Everbridge from a sell rating to a hold rating in a research note on Tuesday, April 18th. Needham & Company LLC began coverage on shares of Everbridge in a research note on Monday, April 17th. They set a buy rating and a $25.00 price target on the stock. Pacific Crest reaffirmed a buy rating on shares of Everbridge in a research note on Tuesday, May 9th. Stifel Nicolaus raised their price objective on shares of Everbridge from $20.00 to $22.00 and gave the stock a buy rating in a report on Tuesday, February 28th. Finally, Canaccord Genuity reissued a buy rating and set a $22.00 price objective on shares of Everbridge in a report on Wednesday, February 1st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $23.33.
Shares of Everbridge (NASDAQ:EVBG) opened at 24.55 on Tuesday. Everbridge has a 12-month low of $11.76 and a 12-month high of $25.59. The company has a 50-day moving average price of $21.99 and a 200 day moving average price of $18.84. The firm’s market capitalization is $667.02 million.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Monday, May 8th. The technology company reported ($0.19) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.02. The company had revenue of $22.80 million during the quarter, compared to analyst estimates of $22.09 million. The company’s revenue was up 33.3% on a year-over-year basis. On average, equities analysts expect that Everbridge will post ($0.30) earnings per share for the current year.
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In related news, major shareholder Ventures Ix L. P. Abs sold 1,150,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $18.86, for a total transaction of $21,689,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jaime Wallace Ellertson sold 665,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $18.86, for a total transaction of $12,541,900.00. Following the transaction, the chief executive officer now directly owns 1,657,372 shares in the company, valued at $31,258,035.92. The disclosure for this sale can be found here. Insiders sold a total of 2,430,000 shares of company stock worth $45,829,800 over the last quarter.
A number of hedge funds and other institutional investors have recently made changes to their positions in EVBG. American International Group Inc. acquired a new stake in Everbridge during the first quarter valued at approximately $108,000. Teachers Advisors LLC purchased a new stake in shares of Everbridge during the fourth quarter worth $180,000. Two Sigma Securities LLC purchased a new stake in shares of Everbridge during the third quarter worth $205,000. Brown Advisory Inc. purchased a new stake in shares of Everbridge during the fourth quarter worth $214,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Everbridge during the third quarter worth $399,000. 24.16% of the stock is currently owned by hedge funds and other institutional investors.
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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