Everbridge (NASDAQ:EVBG) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.
Several other equities analysts have also issued reports on the stock. Credit Suisse Group reiterated an “outperform” rating and set a $30.00 target price (up from $26.50) on shares of Everbridge in a report on Friday, November 17th. Zacks Investment Research lowered shares of Everbridge from a “strong-buy” rating to a “sell” rating in a report on Tuesday, January 9th. Bank of America reiterated a “buy” rating and set a $38.00 target price (up from $30.00) on shares of Everbridge in a report on Thursday, February 22nd. KeyCorp reiterated a “buy” rating and set a $39.00 target price (up from $37.00) on shares of Everbridge in a report on Wednesday, February 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $38.00 target price (up from $33.00) on shares of Everbridge in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $36.56.
Shares of Everbridge (EVBG) opened at $37.24 on Tuesday. Everbridge has a 1-year low of $16.63 and a 1-year high of $38.78. The company has a market cap of $1,059.43, a PE ratio of -53.20 and a beta of 1.42.
In related news, SVP Elliot J. Mark sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $29.78, for a total transaction of $104,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Elliot J. Mark sold 958 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $34.78, for a total transaction of $33,319.24. The disclosure for this sale can be found here. Insiders have sold 54,028 shares of company stock valued at $1,670,778 over the last quarter. Company insiders own 41.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Ironwood Investment Management LLC bought a new stake in shares of Everbridge during the fourth quarter valued at approximately $226,000. Teacher Retirement System of Texas bought a new stake in shares of Everbridge during the fourth quarter valued at approximately $234,000. UBS Asset Management Americas Inc. bought a new stake in shares of Everbridge during the fourth quarter valued at approximately $247,000. MetLife Investment Advisors LLC bought a new stake in shares of Everbridge during the fourth quarter valued at approximately $248,000. Finally, Nationwide Fund Advisors increased its position in shares of 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 acquiring an additional 6,497 shares in the last quarter. 80.01% of the stock is owned by institutional investors.
Everbridge Company Profile
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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