Everbridge, Inc. (EVBG) Given Consensus Recommendation of “Buy” by Brokerages

Everbridge, Inc. (NASDAQ:EVBG) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $24.78.

Several equities research analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $28.00 target price (up previously from $25.00) on shares of Everbridge in a report on Tuesday, May 9th. Zacks Investment Research raised Everbridge from a “sell” rating to a “hold” rating in a report on Tuesday, April 4th. Bank of America Corporation boosted their target price on Everbridge from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Stifel Nicolaus reissued a “buy” rating and set a $27.00 target price (up previously from $22.00) on shares of Everbridge in a report on Tuesday, May 9th. Finally, Pacific Crest reissued a “buy” rating on shares of Everbridge in a report on Tuesday, May 9th.

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Shares of Everbridge (EVBG) remained flat at $23.48 on Friday. The stock had a trading volume of 65,783 shares. Everbridge has a 52-week low of $11.76 and a 52-week high of $26.87. The firm’s market cap is $654.20 million. The stock has a 50-day moving average price of $23.90 and a 200-day moving average price of $21.75.

Everbridge (NASDAQ:EVBG) last announced its earnings results on Monday, May 8th. The technology company reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.02. The firm had revenue of $22.80 million for the quarter, compared to the consensus estimate of $22.09 million. Everbridge’s revenue for the quarter was up 33.3% compared to the same quarter last year. Equities research analysts anticipate that Everbridge will post ($0.30) EPS for the current fiscal year.

In other Everbridge news, Director Cintawati W. Putra sold 58,000 shares of Everbridge stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $23.72, for a total transaction of $1,375,760.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Cintawati W. Putra sold 1,100 shares of Everbridge stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $23.50, for a total transaction of $25,850.00. The disclosure for this sale can be found here. Insiders sold 227,107 shares of company stock worth $5,358,794 in the last ninety days. 41.40% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of EVBG. State Street Corp bought a new position in Everbridge during the fourth quarter valued at approximately $1,490,000. Russell Investments Group Ltd. acquired a new stake in shares of Everbridge during the fourth quarter worth about $529,000. Teachers Advisors LLC acquired a new stake in shares of Everbridge during the fourth quarter worth about $180,000. Driehaus Capital Management LLC acquired a new stake in shares of Everbridge during the first quarter worth about $3,670,000. Finally, KAMES CAPITAL plc acquired a new stake in shares of Everbridge during the second quarter worth about $613,000. Institutional investors and hedge funds own 36.13% of the company’s stock.

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.