Brokerages Set Everbridge, Inc. (NASDAQ:EVBG) PT at $166.88

Everbridge, Inc. (NASDAQ:EVBG) has been given a consensus rating of “Buy” by the nine research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $166.88.

Several research analysts have weighed in on the company. Credit Suisse Group reiterated a “neutral” rating and set a $145.00 target price on shares of Everbridge in a report on Monday, March 29th. Zacks Investment Research lowered Everbridge from a “buy” rating to a “sell” rating in a report on Monday, May 24th. Raymond James cut their price target on Everbridge from $165.00 to $140.00 and set an “outperform” rating on the stock in a report on Tuesday, May 11th. JPMorgan Chase & Co. upgraded Everbridge from a “neutral” rating to an “overweight” rating and set a $200.00 price target on the stock in a report on Friday, February 19th. Finally, Northland Securities upped their target price on Everbridge from $155.00 to $165.00 in a report on Friday, February 19th.

Shares of Everbridge stock opened at $122.37 on Tuesday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 1.79. Everbridge has a 12 month low of $100.17 and a 12 month high of $178.98. The business’s fifty day moving average is $123.26. The firm has a market capitalization of $4.61 billion, a PE ratio of -47.80 and a beta of 0.74.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Monday, May 10th. The technology company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.29. The business had revenue of $82.20 million during the quarter, compared to analysts’ expectations of $75.61 million. Everbridge had a negative return on equity of 13.18% and a negative net margin of 30.50%. The firm’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.16) earnings per share. As a group, research analysts predict that Everbridge will post -1.92 earnings per share for the current fiscal year.

In other Everbridge news, CFO Patrick Brickley sold 13,548 shares of the business’s stock in a transaction that occurred on Tuesday, May 11th. The stock was sold at an average price of $112.90, for a total transaction of $1,529,569.20. Following the transaction, the chief financial officer now owns 31,880 shares of the company’s stock, valued at $3,599,252. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.44% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of EVBG. CWM LLC acquired a new position in shares of Everbridge in the fourth quarter valued at approximately $41,000. Meitav Dash Investments Ltd. acquired a new position in shares of Everbridge in the fourth quarter valued at approximately $232,000. Treasurer of the State of North Carolina grew its position in shares of Everbridge by 2.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 12,830 shares of the technology company’s stock valued at $1,913,000 after purchasing an additional 250 shares during the last quarter. Valmark Advisers Inc. grew its position in shares of Everbridge by 9.7% in the fourth quarter. Valmark Advisers Inc. now owns 6,603 shares of the technology company’s stock valued at $984,000 after purchasing an additional 586 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Everbridge by 4.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 2,880 shares of the technology company’s stock valued at $429,000 after purchasing an additional 125 shares during the last quarter.

About Everbridge

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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