Everbridge (NASDAQ:EVBG) Rating Lowered to Buy at BidaskClub

BidaskClub cut shares of Everbridge (NASDAQ:EVBG) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning, BidAskClub reports.

A number of other analysts have also weighed in on the stock. Northland Securities restated a buy rating and set a $99.00 target price on shares of Everbridge in a research note on Tuesday, November 5th. Stephens restated a buy rating and set a $105.00 target price on shares of Everbridge in a research note on Tuesday, January 14th. Credit Suisse Group reiterated an outperform rating and issued a $90.00 price target (down from $100.00) on shares of Everbridge in a research note on Tuesday, November 5th. Zacks Investment Research lowered shares of Everbridge from a buy rating to a hold rating in a research note on Thursday, January 30th. Finally, Canaccord Genuity dropped their price target on shares of Everbridge from $105.00 to $90.00 and set a buy rating on the stock in a research note on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $98.33.

Shares of EVBG stock traded up $0.86 during trading hours on Thursday, reaching $91.88. 247,759 shares of the stock were exchanged, compared to its average volume of 391,734. The business’s fifty day moving average is $87.03 and its two-hundred day moving average is $80.67. 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 has a 12-month low of $59.85 and a 12-month high of $104.22. The firm has a market capitalization of $3.08 billion, a P/E ratio of -60.05 and a beta of 0.91.

In other news, SVP Elliot J. Mark sold 3,500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 directly owns 9,624 shares of the company’s stock, valued at $751,730.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Phillip E. Huff sold 762 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $86.50, for a total value of $65,913.00. Following the completion of the sale, the chief accounting officer now directly owns 4,473 shares of the company’s stock, valued at $386,914.50. The disclosure for this sale can be found here. Insiders sold 105,726 shares of company stock worth $8,956,957 over the last quarter. 2.20% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in shares of Everbridge in the fourth quarter valued at approximately $30,000. SG Americas Securities LLC acquired a new stake in shares of Everbridge in the fourth quarter valued at approximately $123,000. Strs Ohio boosted its holdings in shares of Everbridge by 45.5% in the fourth quarter. Strs Ohio now owns 1,600 shares of the technology company’s stock valued at $124,000 after acquiring an additional 500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Everbridge by 16.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,817 shares of the technology company’s stock valued at $112,000 after acquiring an additional 257 shares during the period. Finally, Advisor Group Inc. boosted its holdings in shares of Everbridge by 44.7% in the fourth quarter. Advisor Group Inc. now owns 2,012 shares of the technology company’s stock valued at $158,000 after acquiring an additional 622 shares during the period.

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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