BidaskClub upgraded shares of Everbridge (NASDAQ:EVBG) from a buy rating to a strong-buy rating in a report issued on Tuesday morning.
Several other research analysts also recently issued reports on the company. Credit Suisse Group reaffirmed an outperform rating and set a $30.00 price target (up previously from $26.50) on shares of Everbridge in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of Everbridge from a strong-buy rating to a sell rating in a research note on Tuesday, January 9th. Bank of America reissued a buy rating and issued a $38.00 target price (up previously from $30.00) on shares of Everbridge in a research note on Thursday, February 22nd. KeyCorp reissued a buy rating and issued a $39.00 target price (up previously from $37.00) on shares of Everbridge in a research note on Wednesday, February 21st. Finally, William Blair reissued a buy rating on shares of Everbridge in a research note on Tuesday, December 26th. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $36.56.
Everbridge (EVBG) opened at $36.55 on Tuesday. The stock has a market capitalization of $1,088.09, a price-to-earnings ratio of -52.21 and a beta of 1.42. Everbridge has a one year low of $16.63 and a one year high of $38.78.
In other news, CFO Kenneth S. Goldman sold 10,326 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $29.51, for a total transaction of $304,720.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Imad Mouline sold 6,986 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $28.50, for a total transaction of $199,101.00. The disclosure for this sale can be found here. Insiders sold a total of 54,028 shares of company stock valued at $1,670,778 in the last three months. 41.40% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gradient Investments LLC increased its stake in shares of Everbridge by 21.0% during the 4th quarter. Gradient Investments LLC now owns 17,248 shares of the technology company’s stock valued at $513,000 after acquiring an additional 2,996 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Everbridge by 5.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 65,971 shares of the technology company’s stock valued at $1,743,000 after acquiring an additional 3,499 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Everbridge by 77.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,172 shares of the technology company’s stock valued at $345,000 after acquiring an additional 6,177 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Everbridge by 19.1% during the 3rd quarter. Wells Fargo & Company MN now owns 40,017 shares of the technology company’s stock valued at $1,057,000 after acquiring an additional 6,419 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Everbridge by 210.1% during the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock valued at $234,000 after acquiring an additional 6,497 shares during the last quarter. 80.01% of the stock is owned by institutional investors.
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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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