Stephens set a $98.00 price target on Everbridge (NASDAQ:EVBG) in a research note released on Tuesday, TipRanks reports. The firm currently has a buy rating on the technology company’s stock.
EVBG has been the topic of several other research reports. Stifel Nicolaus lifted their price objective on shares of Everbridge from $91.00 to $100.00 in a research note on Thursday, June 20th. Zacks Investment Research raised shares of Everbridge from a hold rating to a buy rating and set a $97.00 price target on the stock in a research note on Saturday, August 10th. Canaccord Genuity lifted their price target on shares of Everbridge from $85.00 to $105.00 and gave the company a buy rating in a research note on Friday, June 21st. JPMorgan Chase & Co. lifted their price target on shares of Everbridge from $75.00 to $93.00 and gave the company a neutral rating in a research note on Tuesday, August 6th. Finally, Northland Securities lifted their price target on shares of Everbridge from $83.00 to $105.00 and gave the company an outperform rating in a research note on Friday, June 21st. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Everbridge has a consensus rating of Buy and an average price target of $100.00.
Everbridge stock traded down $0.01 during midday trading on Tuesday, hitting $69.75. 2,165 shares of the stock were exchanged, compared to its average volume of 516,889. The company has a fifty day simple moving average of $86.70 and a two-hundred day simple moving average of $81.72. Everbridge has a 52 week low of $41.94 and a 52 week high of $104.22. The stock has a market capitalization of $2.37 billion, a PE ratio of -48.77 and a beta of 0.95. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.52.
In related news, VP Phillip E. Huff sold 3,250 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $82.95, for a total transaction of $269,587.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Imad Mouline sold 10,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $82.28, for a total transaction of $822,800.00. Following the transaction, the senior vice president now owns 75,072 shares in the company, valued at $6,176,924.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,612 shares of company stock worth $14,475,675. 2.20% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in EVBG. Strs Ohio acquired a new position in shares of Everbridge in the first quarter valued at $30,000. Sun Life Financial INC acquired a new position in shares of Everbridge in the second quarter valued at about $61,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Everbridge in the second quarter valued at about $103,000. SG Americas Securities LLC acquired a new position in shares of Everbridge in the first quarter valued at about $104,000. Finally, First Mercantile Trust Co. acquired a new position in shares of Everbridge in the first quarter valued at about $120,000.
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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