Everbridge Inc (NASDAQ:EVBG)‘s stock had its “buy” rating reissued by stock analysts at Pacific Crest in a report released on Tuesday, May 9th.
The analysts wrote, “We believe this SaaS pure-play and leader in mass notification remains well positioned to sustain 30%-plus growth this year and next.””
A number of other equities analysts have also 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 objective for the company in a research report on Monday, May 1st. Needham & Company LLC assumed coverage on shares of Everbridge in a research report on Monday, April 17th. They issued a “buy” rating and a $25.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Everbridge from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, February 28th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $22.00 price objective on shares of Everbridge in a research report on Wednesday, February 1st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $23.33.
Everbridge (NASDAQ EVBG) traded up 0.15% on Tuesday, reaching $26.25. The company had a trading volume of 162,139 shares. Everbridge has a 1-year low of $11.76 and a 1-year high of $26.87. The company’s 50-day moving average price is $23.98 and its 200 day moving average price is $19.87. The firm’s market capitalization is $731.38 million.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, May 8th. The technology company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. The firm had revenue of $22.80 million during the quarter, compared to analyst estimates of $22.09 million. Everbridge’s revenue was up 33.3% compared to the same quarter last year. On average, equities analysts forecast that Everbridge will post ($0.30) EPS for the current year.
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In other news, major shareholder Ventures Ix L. P. Abs sold 1,150,000 shares of the company’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $18.86, for a total value of $21,689,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cintawati W. Putra sold 580,000 shares of the company’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $18.86, for a total transaction of $10,938,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,430,000 shares of company stock valued at $45,829,800.
Hedge funds have recently bought and sold shares of the stock. Kennedy Capital Management Inc. bought a new stake in Everbridge during the first quarter valued at about $5,478,000. Ameriprise Financial Inc. bought a new stake in Everbridge during the first quarter valued at about $5,165,000. Monashee Investment Management LLC acquired a new stake in shares of Everbridge during the third quarter worth $3,732,000. Nicholas Investment Partners LP boosted its stake in shares of Everbridge by 85.9% in the fourth quarter. Nicholas Investment Partners LP now owns 428,645 shares of the technology company’s stock worth $7,908,000 after buying an additional 198,015 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Everbridge during the first quarter worth $3,670,000. 24.16% of the stock is currently owned by hedge funds and other 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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