Everbridge (EVBG) Stock Rating Reaffirmed by Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Everbridge (NASDAQ:EVBG) in a research note published on Thursday morning. They currently have a $33.00 target price on the technology company’s stock.

Several other equities analysts have also recently commented on EVBG. Northland Securities restated an outperform rating and set a $31.00 price target (up from $28.00) on shares of Everbridge in a report on Friday, October 13th. Zacks Investment Research cut shares of Everbridge from a strong-buy rating to a sell rating in a report on Tuesday, January 9th. Canaccord Genuity restated a buy rating and set a $33.00 price target (up from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. ValuEngine upgraded shares of Everbridge from a sell rating to a hold rating in a report on Monday, September 18th. Finally, KeyCorp boosted their price target on shares of Everbridge from $27.00 to $30.00 and gave the company an overweight rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $31.33.

Everbridge (EVBG) traded up $0.48 during trading on Thursday, hitting $32.24. 405,100 shares of the stock traded hands, compared to its average volume of 307,089. Everbridge has a fifty-two week low of $16.63 and a fifty-two week high of $32.25. The stock has a market cap of $910.93, a PE ratio of -53.73 and a beta of 1.99.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Monday, November 6th. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.04. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The business had revenue of $27.31 million for the quarter, compared to analysts’ expectations of $26.41 million. During the same period in the previous year, the company posted ($0.07) EPS. Everbridge’s revenue was up 37.0% on a year-over-year basis. research analysts expect that Everbridge will post -0.55 EPS for the current year.

In related news, SVP Elliot J. Mark sold 1,000 shares of Everbridge stock in a transaction on Monday, November 13th. The shares were sold at an average price of $27.76, for a total value of $27,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jaime Wallace Ellertson sold 97,500 shares of Everbridge stock in a transaction on Monday, November 27th. The shares were sold at an average price of $26.43, for a total transaction of $2,576,925.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,112 shares of company stock valued at $3,626,336. 41.40% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its position in Everbridge by 196.3% during the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after acquiring an additional 2,885 shares during the last quarter. Nationwide Fund Advisors lifted its position in Everbridge by 210.1% during the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after acquiring an additional 6,497 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Everbridge during the 2nd quarter worth $288,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Everbridge during the 3rd quarter worth $329,000. Finally, Alliancebernstein L.P. acquired a new position in Everbridge during the 2nd quarter worth $331,000. 65.40% of the stock is owned by institutional investors and hedge funds.

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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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