Everbridge’s (EVBG) “Buy” Rating Reaffirmed at William Blair

William Blair reaffirmed their buy rating on shares of Everbridge (NASDAQ:EVBG) in a research note published on Tuesday morning.

Other equities analysts have also issued research reports about the company. ValuEngine raised Everbridge from a sell rating to a hold rating in a research note on Monday, September 18th. Northland Securities reaffirmed a buy rating and issued a $33.00 price objective on shares of Everbridge in a research note on Friday, November 10th. KeyCorp reaffirmed a buy rating and issued a $27.00 price objective on shares of Everbridge in a research note on Sunday, September 10th. BidaskClub lowered Everbridge from a hold rating to a sell rating in a research note on Thursday, December 7th. Finally, Stifel Nicolaus upped their price objective on Everbridge from $27.00 to $30.00 and gave the stock a buy rating in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $31.00.

Everbridge (NASDAQ:EVBG) traded up $0.07 during midday trading on Tuesday, hitting $29.30. The stock had a trading volume of 175,300 shares, compared to its average volume of 245,557. The company has a market capitalization of $825.89, a price-to-earnings ratio of -48.83 and a beta of 2.14. Everbridge has a 1 year low of $16.63 and a 1 year high of $29.99.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $27.31 million during the quarter, compared to analyst estimates of $26.41 million. Everbridge had a negative return on equity of 29.44% and a negative net margin of 17.10%. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.07) earnings per share. research analysts forecast that Everbridge will post -0.55 earnings per share for the current year.

In other Everbridge news, SVP Elliot J. Mark sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $27.76, for a total transaction of $27,760.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jaime Wallace Ellertson sold 97,500 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $26.43, for a total value of $2,576,925.00. The disclosure for this sale can be found here. Insiders sold 139,834 shares of company stock worth $3,721,575 over the last quarter. 41.40% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Legal & General Group Plc raised its position in Everbridge by 196.3% during the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after purchasing an additional 2,885 shares during the period. Nationwide Fund Advisors raised its position in Everbridge by 210.1% during the second quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock valued at $234,000 after purchasing an additional 6,497 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Everbridge during the second quarter valued at approximately $288,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Everbridge during the third quarter valued at approximately $329,000. Finally, Alliancebernstein L.P. bought a new position in shares of Everbridge during the second quarter valued at approximately $331,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

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About Everbridge

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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