Stephens Reiterates Buy Rating for Everbridge (NASDAQ:EVBG)

Everbridge (NASDAQ:EVBG)‘s stock had its “buy” rating reiterated by stock analysts at Stephens in a research report issued on Tuesday, AnalystRatings.com reports. They presently have a $105.00 price objective on the technology company’s stock. Stephens’ price objective would suggest a potential upside of 17.55% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Everbridge from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Northland Securities reaffirmed a “buy” rating and issued a $99.00 price target on shares of Everbridge in a research note on Tuesday, November 5th. ValuEngine downgraded shares of Everbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Credit Suisse Group reissued an “outperform” rating and set a $90.00 target price (down from $100.00) on shares of Everbridge in a research report on Tuesday, November 5th. Finally, BidaskClub upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $97.58.

NASDAQ EVBG traded up $1.27 during mid-day trading on Tuesday, reaching $89.32. 13,885 shares of the stock were exchanged, compared to its average volume of 291,132. Everbridge has a one year low of $52.82 and a one year high of $104.22. The stock has a 50 day simple moving average of $82.33 and a 200-day simple moving average of $81.50. The stock has a market cap of $2.89 billion, a P/E ratio of -62.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.76.

Everbridge (NASDAQ:EVBG) last announced its earnings results on Monday, November 4th. The technology company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Everbridge had a negative net margin of 26.36% and a negative return on equity of 26.35%. The business had revenue of $52.55 million during the quarter, compared to the consensus estimate of $51.42 million. During the same quarter last year, the firm earned ($0.10) earnings per share. Everbridge’s quarterly revenue was up 35.0% on a year-over-year basis. Sell-side analysts anticipate that Everbridge will post -1.3 EPS for the current fiscal year.

In other Everbridge news, SVP Elliot J. Mark sold 3,500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $78.11, for a total value of $273,385.00. Following the completion of the sale, the senior vice president now owns 9,624 shares in the company, valued at approximately $751,730.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Jaime Wallace Ellertson sold 46,482 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $80.05, for a total transaction of $3,720,884.10. Following the completion of the sale, the chairman now owns 130,622 shares of the company’s stock, valued at approximately $10,456,291.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,793 shares of company stock valued at $5,782,421. Company insiders own 2.20% of the company’s stock.

Large investors have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd purchased a new stake in Everbridge in the 2nd quarter valued at about $103,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Everbridge by 16.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,817 shares of the technology company’s stock valued at $112,000 after buying an additional 257 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in Everbridge in the 2nd quarter valued at about $224,000. Paloma Partners Management Co purchased a new stake in Everbridge in the 2nd quarter valued at about $230,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Everbridge during the 3rd quarter worth approximately $173,000.

Everbridge Company Profile

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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