Everbridge Inc (EVBG) Given Average Recommendation of “Buy” by Brokerages

Shares of Everbridge Inc (NASDAQ:EVBG) have earned a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $56.27.

Several equities research analysts have recently commented on EVBG shares. BidaskClub upgraded Everbridge from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. Zacks Investment Research raised shares of Everbridge from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Friday, November 9th. Finally, SunTrust Banks increased their price target on shares of Everbridge to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 2nd.

Shares of EVBG traded down $0.70 during mid-day trading on Tuesday, reaching $56.46. The company had a trading volume of 306,300 shares, compared to its average volume of 601,229. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.95. Everbridge has a 52 week low of $29.56 and a 52 week high of $63.00. The stock has a market cap of $1.69 billion, a P/E ratio of -99.05 and a beta of 1.05.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, November 5th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.05. The business had revenue of $38.90 million for the quarter, compared to analysts’ expectations of $38.09 million. Everbridge had a negative return on equity of 70.30% and a negative net margin of 32.34%. The firm’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) EPS. On average, equities analysts anticipate that Everbridge will post -1.44 EPS for the current year.

In other news, EVP James Totton sold 749 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $52.71, for a total value of $39,479.79. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Imad Mouline sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $50.19, for a total transaction of $150,570.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 521,226 shares of company stock valued at $29,064,026. 11.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can raised its stake in Everbridge by 281.6% during the 4th quarter. Bank of Montreal Can now owns 706 shares of the technology company’s stock worth $40,000 after acquiring an additional 521 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Everbridge by 127.7% during the third quarter. Quantbot Technologies LP now owns 2,332 shares of the technology company’s stock worth $134,000 after buying an additional 1,308 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Everbridge in the third quarter valued at about $210,000. First Hawaiian Bank purchased a new stake in shares of Everbridge in the fourth quarter valued at about $213,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of Everbridge in the third quarter valued at about $236,000. Institutional investors and hedge funds own 90.83% of the company’s stock.

About Everbridge

Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which 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, which 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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