Everbridge, Inc. (NASDAQ:EVBG) Given Buy Rating at KeyCorp
KeyCorp reissued their buy rating on shares of Everbridge, Inc. (NASDAQ:EVBG) in a research report sent to investors on Friday. The brokerage currently has a $27.00 price target on the technology company’s stock.
“We maintain an Overweight rating on EVBG and a price target of $27.”,” the firm’s analyst wrote.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Everbridge from a sell rating to a hold rating and set a $26.00 price target for the company in a research report on Monday, May 1st. SunTrust Banks, Inc. started coverage on shares of Everbridge in a research report on Monday, June 26th. They set a buy rating and a $32.00 price target for the company. Pacific Crest reissued a buy rating on shares of Everbridge in a research report on Tuesday, May 9th. Stifel Nicolaus reissued a buy rating and set a $27.00 price target (up previously from $22.00) on shares of Everbridge in a research report on Tuesday, May 9th. Finally, Bank of America Corporation raised their price target on shares of Everbridge from $24.00 to $28.00 and gave the company a buy rating in a research report on Tuesday, May 9th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Everbridge has an average rating of Buy and an average price target of $25.60.
Everbridge (NASDAQ:EVBG) traded down 6.45% during trading on Friday, hitting $21.90. The stock had a trading volume of 377,040 shares. The company’s market capitalization is $610.18 million. Everbridge has a 1-year low of $11.76 and a 1-year high of $26.87. The stock’s 50-day moving average price is $23.89 and its 200-day moving average price is $21.86.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The firm had revenue of $25 million for the quarter, compared to the consensus estimate of $24.49 million. Everbridge’s quarterly revenue was up 34.4% compared to the same quarter last year. Analysts expect that Everbridge will post ($0.30) earnings per share for the current year.
In other Everbridge news, SVP Claudia Dent sold 4,000 shares of Everbridge stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $25.95, for a total value of $103,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cintawati W. Putra sold 58,000 shares of Everbridge stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $23.72, for a total transaction of $1,375,760.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 227,107 shares of company stock valued at $5,358,794. 41.40% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of EVBG. Vanguard Group Inc. increased its stake in Everbridge by 11.6% in the first quarter. Vanguard Group Inc. now owns 323,018 shares of the technology company’s stock worth $6,631,000 after buying an additional 33,665 shares during the period. Menta Capital LLC bought a new stake in Everbridge during the first quarter worth approximately $536,000. TIAA CREF Investment Management LLC increased its stake in Everbridge by 45.9% in the first quarter. TIAA CREF Investment Management LLC now owns 21,204 shares of the technology company’s stock worth $435,000 after buying an additional 6,672 shares during the period. Gilder Gagnon Howe & Co. LLC increased its stake in Everbridge by 25.1% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 628,926 shares of the technology company’s stock worth $12,912,000 after buying an additional 126,056 shares during the period. Finally, American International Group Inc. bought a new stake in Everbridge during the first quarter worth approximately $108,000. 37.09% of the stock is owned by institutional investors and hedge funds.
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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