Everbridge (EVBG) PT Raised to $82.00

Everbridge (NASDAQ:EVBG) had its price objective hoisted by Raymond James from $70.00 to $82.00 in a report released on Tuesday, May 7th, The Fly reports. The brokerage currently has an outperform rating on the technology company’s stock.

EVBG has been the topic of several other reports. Zacks Investment Research upgraded shares of Everbridge from a sell rating to a hold rating in a research report on Thursday, January 10th. Stephens reiterated a buy rating and issued a $74.00 price target on shares of Everbridge in a research report on Monday, April 29th. JPMorgan Chase & Co. started coverage on shares of Everbridge in a research report on Wednesday, February 6th. They issued a neutral rating and a $69.00 price target on the stock. SunTrust Banks boosted their price target on shares of Everbridge to $73.00 and gave the stock a buy rating in a research report on Wednesday, February 20th. Finally, Robert W. Baird boosted their price target on shares of Everbridge from $67.00 to $75.00 and gave the stock an outperform rating in a research report on Wednesday, February 20th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $76.00.

EVBG stock traded up $0.15 during trading on Tuesday, hitting $80.42. The company had a trading volume of 301,333 shares, compared to its average volume of 478,877. The company has a market capitalization of $2.64 billion, a P/E ratio of -56.24 and a beta of 0.93. Everbridge has a fifty-two week low of $41.94 and a fifty-two week high of $85.14. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.52.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, May 6th. The technology company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.09. The business had revenue of $42.82 million during the quarter, compared to the consensus estimate of $42.23 million. Everbridge had a negative net margin of 30.93% and a negative return on equity of 52.04%. The company’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.17) earnings per share. Equities analysts anticipate that Everbridge will post -1.41 EPS for the current year.

In other Everbridge news, SVP Imad Mouline sold 5,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $72.82, for a total transaction of $364,100.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jaime Wallace Ellertson sold 277,000 shares of Everbridge stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $81.45, for a total value of $22,561,650.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 350,865 shares of company stock worth $28,110,914. Corporate insiders own 2.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in Everbridge during the 1st quarter valued at about $30,000. Bank of Montreal Can grew 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 valued at $40,000 after acquiring an additional 521 shares in the last quarter. Advisor Group Inc. grew its stake in Everbridge by 32.3% during the 1st quarter. Advisor Group Inc. now owns 1,193 shares of the technology company’s stock valued at $90,000 after acquiring an additional 291 shares in the last quarter. SG Americas Securities LLC purchased a new position in Everbridge during the 1st quarter valued at about $104,000. Finally, Resources Investment Advisors Inc. grew its stake in Everbridge by 32.7% during the 4th quarter. Resources Investment Advisors Inc. now owns 2,029 shares of the technology company’s stock valued at $115,000 after acquiring an additional 500 shares in the last quarter. 96.93% of the stock is currently owned by institutional investors.

Everbridge Company Profile

Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that 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 that 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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