Brokerages Set Everbridge Inc (EVBG) Price Target at $62.00

Shares of Everbridge Inc (NASDAQ:EVBG) have been assigned a consensus recommendation of “Buy” from the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $62.00.

EVBG has been the topic of a number of research analyst reports. BidaskClub raised Everbridge from a “hold” rating to a “buy” rating in a report on Thursday, December 13th. Zacks Investment Research raised Everbridge from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Wednesday, December 5th. JPMorgan Chase & Co. initiated coverage on Everbridge in a report on Wednesday, February 6th. They issued a “neutral” rating and a $69.00 price target on the stock. Robert W. Baird boosted their price target on Everbridge from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 20th. Finally, SunTrust Banks boosted their price target on Everbridge to $73.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th.

In other news, SVP Elliot J. Mark sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $53.04, for a total transaction of $318,240.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth S. Goldman sold 816 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $53.00, for a total value of $43,248.00. The disclosure for this sale can be found here. Insiders have sold a total of 531,117 shares of company stock worth $30,076,829 over the last ninety days. Insiders own 11.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can raised its holdings in shares of 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. Resources Investment Advisors Inc. raised its holdings 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 buying an additional 500 shares during the period. Quantbot Technologies LP raised its holdings in Everbridge by 127.7% during the 3rd quarter. Quantbot Technologies LP now owns 2,332 shares of the technology company’s stock valued at $134,000 after buying an additional 1,308 shares during the period. Macquarie Group Ltd. purchased a new stake in Everbridge during the 4th quarter valued at $156,000. Finally, Advisors Asset Management Inc. purchased a new stake in Everbridge during the 3rd quarter valued at $210,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:EVBG opened at $75.80 on Friday. The company has a market cap of $2.49 billion, a P/E ratio of -53.01 and a beta of 1.02. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 2.23. Everbridge has a 12-month low of $34.76 and a 12-month high of $76.49.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.01. The company had revenue of $41.83 million during the quarter, compared to the consensus estimate of $41.04 million. Everbridge had a negative return on equity of 81.85% and a negative net margin of 32.30%. On average, sell-side analysts expect that Everbridge will post -1.48 earnings per share for the current year.

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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