Everbridge (NASDAQ:EVBG) Lifted to “Strong-Buy” at BidaskClub

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Everbridge (NASDAQ:EVBG) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Friday, BidAskClub reports.

EVBG has been the subject of several other research reports. Stifel Nicolaus lifted their price target on Everbridge from $91.00 to $100.00 in a research report on Thursday, June 20th. Raymond James lowered their price target on Adaptimmune Therapeutics from $16.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. SunTrust Banks lifted their price target on Everbridge to $100.00 and gave the stock a “positive” rating in a research report on Thursday, June 20th. Canaccord Genuity lowered their price target on from GBX 130 ($1.70) to GBX 85 ($1.11) and set a “buy” rating for the company in a research report on Friday, June 21st. Finally, Credit Suisse Group lowered COCA COLA AMATI/ADR from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $92.42.

EVBG opened at $99.22 on Friday. The stock has a 50-day moving average of $87.17. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.52. Everbridge has a 1 year low of $41.94 and a 1 year high of $99.49.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Monday, May 6th. The technology company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.09. The firm had revenue of $42.82 million during the quarter, compared to analyst estimates of $42.23 million. Everbridge had a negative return on equity of 52.04% and a negative net margin of 30.93%. Everbridge’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) EPS. Sell-side analysts forecast that Everbridge will post -1.41 earnings per share for the current fiscal year.

In other Everbridge news, insider Robert W. Hughes sold 12,822 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $72.45, for a total value of $928,953.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Elliot J. Mark sold 1,609 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $75.00, for a total value of $120,675.00. The disclosure for this sale can be found here. In the last three months, insiders sold 435,747 shares of company stock valued at $35,777,329. 2.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Everbridge by 6.5% during the 4th quarter. BlackRock Inc. now owns 1,883,378 shares of the technology company’s stock valued at $106,901,000 after purchasing an additional 115,710 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 valued at $30,598,000 after purchasing an additional 254,536 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Everbridge by 12.3% during the 1st quarter. OppenheimerFunds Inc. now owns 390,881 shares of the technology company’s stock valued at $29,320,000 after purchasing an additional 42,779 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Everbridge during the 1st quarter valued at about $27,484,000. Finally, Federated Investors Inc. PA increased its position in shares of Everbridge by 78.4% during the 1st quarter. Federated Investors Inc. PA now owns 308,699 shares of the technology company’s stock valued at $23,155,000 after purchasing an additional 135,699 shares during the last quarter. 96.93% of the stock is owned by hedge funds and other institutional investors.

About Everbridge

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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Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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