Advisor Group Inc. lowered its stake in shares of Everbridge Inc (NASDAQ:EVBG) by 39.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 902 shares of the technology company’s stock after selling 593 shares during the period. Advisor Group Inc.’s holdings in Everbridge were worth $51,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP boosted its holdings in Everbridge by 16.1% in the 4th quarter. Royce & Associates LP now owns 91,744 shares of the technology company’s stock worth $5,207,000 after buying an additional 12,744 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in shares of Everbridge during the 4th quarter worth approximately $1,049,000. Raymond James & Associates boosted its holdings in shares of Everbridge by 226.9% during the 4th quarter. Raymond James & Associates now owns 58,205 shares of the technology company’s stock worth $3,304,000 after purchasing an additional 40,400 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Everbridge by 89.5% during the 4th quarter. Bank of New York Mellon Corp now owns 539,073 shares of the technology company’s stock worth $30,598,000 after purchasing an additional 254,536 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Everbridge by 8.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 343,904 shares of the technology company’s stock worth $19,520,000 after purchasing an additional 28,185 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
EVBG has been the topic of several analyst reports. Zacks Investment Research raised shares of Everbridge from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Wednesday, February 20th. Needham & Company LLC upped their price objective on Everbridge to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. SunTrust Banks upped their price objective on Everbridge to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Canaccord Genuity upped their price objective on Everbridge from $57.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Finally, BidaskClub lowered Everbridge from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $76.00.
NASDAQ EVBG traded up $0.71 during trading hours on Thursday, hitting $77.43. The company had a trading volume of 278,489 shares, compared to its average volume of 450,406. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.35 and a quick ratio of 1.35. Everbridge Inc has a 1-year low of $40.91 and a 1-year high of $79.91. The company has a market capitalization of $2.58 billion, a PE ratio of -54.15 and a beta of 0.93.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, May 6th. The technology company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.09. Everbridge had a negative net margin of 32.30% and a negative return on equity of 81.85%. The company had revenue of $42.82 million during the quarter, compared to the consensus estimate of $42.23 million. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. Everbridge’s revenue for the quarter was up 40.3% on a year-over-year basis. On average, research analysts expect that Everbridge Inc will post -1.48 earnings per share for the current year.
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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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