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

William Blair reiterated their buy rating on shares of Everbridge (NASDAQ:EVBG) in a research note released on Thursday morning.

EVBG has been the subject of a number of other reports. BidaskClub upgraded shares of Everbridge from a hold rating to a buy rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Everbridge from a hold rating to a buy rating and set a $31.00 price target for the company in a report on Friday, November 10th. Northland Securities restated a buy rating and set a $33.00 price target on shares of Everbridge in a report on Friday, November 10th. Needham & Company LLC upped their price target on shares of Everbridge from $28.00 to $32.00 and gave the company a buy rating in a report on Tuesday, November 7th. Finally, KeyCorp upped 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. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $32.89.

Shares of Everbridge (NASDAQ EVBG) opened at $33.53 on Thursday. Everbridge has a fifty-two week low of $16.63 and a fifty-two week high of $33.85.

In related news, SVP Elliot J. Mark sold 1,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.17, for a total value of $32,170.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kenneth S. Goldman sold 816 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $32.06, for a total transaction of $26,160.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,028 shares of company stock valued at $4,128,849. 41.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVBG. Schwab Charles Investment Management Inc. lifted its stake in shares of Everbridge by 124.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 62,472 shares of the technology company’s stock valued at $1,522,000 after buying an additional 34,636 shares during the period. Legal & General Group Plc lifted its stake in shares of Everbridge by 196.3% in the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after buying an additional 2,885 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Everbridge by 21.5% in the second quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock valued at $818,000 after buying an additional 5,946 shares during the period. Alliancebernstein L.P. bought a new stake in shares of Everbridge in the second quarter valued at about $331,000. Finally, Teachers Advisors LLC lifted its stake in shares of Everbridge by 158.6% in the second quarter. Teachers Advisors LLC now owns 30,506 shares of the technology company’s stock valued at $743,000 after buying an additional 18,708 shares during the period. Institutional investors and hedge funds own 66.36% 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.

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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