Everbridge Inc (EVBG) Downgraded by Zacks Investment Research
Everbridge Inc (NASDAQ:EVBG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.
According to Zacks, “Everbridge, Inc. is a software company which provides communications and enterprise safety applications. The company’s applications include Mass Notification, Incident Management, IT Alerting, Safety Connection(TM), Community Engagement(TM), Secure Messaging and Internet of Things. It operates primarily in Boston, Los Angeles, San Francisco, Beijing and London. Everbridge, Inc. is based in Burlington, United States. “
Several other equities analysts have also recently commented on the company. Canaccord Genuity reiterated a “buy” rating and set a $22.00 target price on shares of Everbridge in a research note on Wednesday, February 1st. Stifel Nicolaus increased their target price on Everbridge from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.50.
Everbridge (NASDAQ:EVBG) traded up 3.85% during trading on Monday, reaching $20.48. 338,101 shares of the company were exchanged. The stock’s market capitalization is $556.01 million. Everbridge has a 52-week low of $11.76 and a 52-week high of $20.95. The firm’s 50 day moving average is $18.62 and its 200 day moving average is $17.31.
Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, February 27th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The business had revenue of $21.30 million for the quarter, compared to analysts’ expectations of $20.64 million. The company’s quarterly revenue was up 31.5% on a year-over-year basis. Analysts expect that Everbridge will post ($0.32) EPS for the current year.
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Several large investors have recently bought and sold shares of EVBG. Putnam Investments LLC raised its stake in Everbridge by 30.6% in the fourth quarter. Putnam Investments LLC now owns 106,231 shares of the company’s stock valued at $1,960,000 after buying an additional 24,893 shares in the last quarter. Fred Alger Management Inc. raised its stake in Everbridge by 28.9% in the fourth quarter. Fred Alger Management Inc. now owns 282,810 shares of the company’s stock valued at $5,218,000 after buying an additional 63,434 shares in the last quarter. Arrowpoint Asset Management LLC raised its stake in Everbridge by 28.8% in the fourth quarter. Arrowpoint Asset Management LLC now owns 353,205 shares of the company’s stock valued at $6,517,000 after buying an additional 78,913 shares in the last quarter. Brown Advisory Inc. purchased a new stake in Everbridge during the fourth quarter valued at about $214,000. Finally, Nicholas Investment Partners LP raised its stake in Everbridge by 85.9% in the fourth quarter. Nicholas Investment Partners LP now owns 428,645 shares of the company’s stock valued at $7,908,000 after buying an additional 198,015 shares in the last quarter. 24.16% of the stock is currently owned by institutional investors and hedge funds.
Everbridge Company Profile
Everbridge, Inc is a global enterprise software company that provides applications, which automate the delivery of information to help keep people safe and businesses running. During critical business events or man-made or natural disasters, over 3,000 global customers rely on the Everbridge platform to construct and deliver contextual notifications to millions of people at one time.
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