Shares of Everbridge Inc (NASDAQ:EVBG) have been assigned an average recommendation of “Buy” from the thirteen research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $37.25.
Several equities research analysts have weighed in on the company. BidaskClub raised Everbridge from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research raised Everbridge from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Friday, November 10th. Northland Securities reissued a “buy” rating and issued a $33.00 price target on shares of Everbridge in a report on Friday, November 10th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target (up previously from $32.00) on shares of Everbridge in a report on Thursday, February 22nd. They noted that the move was a valuation call. Finally, KeyCorp raised their price target on Everbridge from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, November 7th.
Shares of Everbridge (NASDAQ:EVBG) traded up $0.68 during midday trading on Friday, reaching $32.48. The company’s stock had a trading volume of 339,600 shares, compared to its average volume of 259,621. The firm has a market capitalization of $898.50, a P/E ratio of -46.40 and a beta of 1.67. Everbridge has a fifty-two week low of $16.63 and a fifty-two week high of $34.75.
In related news, SVP Elliot J. Mark sold 1,000 shares of Everbridge stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.17, for a total transaction of $32,170.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Elliot J. Mark sold 1,542 shares of Everbridge stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $34.75, for a total value of $53,584.50. The disclosure for this sale can be found here. Insiders have sold 52,070 shares of company stock valued at $1,605,509 in the last ninety days. Corporate insiders own 41.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB acquired a new stake in shares of Everbridge during the fourth quarter worth about $2,229,000. MetLife Investment Advisors LLC purchased a new stake in shares of Everbridge in the fourth quarter valued at approximately $248,000. Two Sigma Investments LP increased its position in shares of Everbridge by 206.4% in the fourth quarter. Two Sigma Investments LP now owns 297,374 shares of the technology company’s stock valued at $8,838,000 after buying an additional 200,310 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Everbridge by 527.0% in the fourth quarter. Two Sigma Advisers LP now owns 99,700 shares of the technology company’s stock valued at $2,963,000 after buying an additional 83,800 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Everbridge by 226.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 280,263 shares of the technology company’s stock valued at $8,329,000 after buying an additional 194,421 shares in the last quarter. 74.00% of the stock is 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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