Everbridge (EVBG) Sets New 1-Year High at $32.52

Everbridge Inc (NASDAQ:EVBG) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $32.52 and last traded at $31.63, with a volume of 210500 shares. The stock had previously closed at $31.47.

Several research analysts have commented on the company. KeyCorp restated a “buy” rating and set a $37.00 price objective (up from $30.00) on shares of Everbridge in a report on Wednesday. BidaskClub upgraded Everbridge from a “hold” rating to a “buy” rating in a report on Tuesday. Stifel Nicolaus restated a “buy” rating and set a $33.00 price objective on shares of Everbridge in a report on Thursday, January 11th. Zacks Investment Research downgraded Everbridge from a “strong-buy” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, William Blair restated a “buy” rating on shares of Everbridge in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $32.11.

The stock has a market capitalization of $926.47 and a price-to-earnings ratio of -54.60.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The company had revenue of $27.31 million for the quarter, compared to the consensus estimate of $26.41 million. During the same period last year, the company earned ($0.07) earnings per share. The firm’s revenue was up 37.0% compared to the same quarter last year. research analysts anticipate that Everbridge Inc will post -0.55 earnings per share for the current year.

In related news, SVP Scott Burnett sold 1,300 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $27.35, for a total transaction of $35,555.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jaime Wallace Ellertson sold 97,500 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $26.43, for a total transaction of $2,576,925.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,828 shares of company stock worth $4,379,114. 41.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc increased its holdings in Everbridge by 196.3% during the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after buying an additional 2,885 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Everbridge by 5.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 65,971 shares of the technology company’s stock worth $1,743,000 after buying an additional 3,499 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Everbridge by 21.5% during the second quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock worth $818,000 after buying an additional 5,946 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Everbridge by 77.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,172 shares of the technology company’s stock worth $345,000 after buying an additional 6,177 shares during the last quarter. Finally, Nationwide Fund Advisors increased its holdings in Everbridge by 210.1% during the second quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after buying an additional 6,497 shares during the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

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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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