Everbridge (EVBG) PT Raised to $40.00 at Canaccord Genuity
Everbridge (NASDAQ:EVBG) had its price target hoisted by Canaccord Genuity from $33.00 to $40.00 in a research report report published on Thursday morning. Canaccord Genuity currently has a buy rating on the technology company’s stock.
A number of other equities research analysts also recently weighed in on EVBG. Needham & Company LLC reissued a buy rating and set a $40.00 target price (up previously from $32.00) on shares of Everbridge in a report on Thursday. They noted that the move was a valuation call. Bank of America reissued a buy rating and set a $38.00 target price (up previously from $30.00) on shares of Everbridge in a report on Thursday. William Blair reissued a buy rating on shares of Everbridge in a report on Thursday, February 15th. Credit Suisse Group lifted their target price on Everbridge from $30.00 to $37.00 and gave the stock an outperform rating in a report on Thursday, February 15th. Finally, KeyCorp restated a buy rating and issued a $39.00 price target (up previously from $37.00) on shares of Everbridge in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $36.56.
Shares of Everbridge (NASDAQ:EVBG) opened at $31.80 on Thursday. Everbridge has a twelve month low of $16.63 and a twelve month high of $34.75.
In related news, CEO Jaime Wallace Ellertson sold 97,500 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $26.43, for a total value of $2,576,925.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Elliot J. Mark sold 1,000 shares of Everbridge stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.17, for a total value of $32,170.00. The disclosure for this sale can be found here. Insiders sold 148,028 shares of company stock worth $4,128,849 in the last 90 days. 41.40% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in EVBG. Schwab Charles Investment Management Inc. grew its position in Everbridge by 124.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 62,472 shares of the technology company’s stock valued at $1,522,000 after acquiring an additional 34,636 shares during the last quarter. Wells Fargo & Company MN grew its position in Everbridge by 21.5% in the second quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock valued at $818,000 after acquiring an additional 5,946 shares during the last quarter. Alliancebernstein L.P. bought a new position in Everbridge in the second quarter valued at about $331,000. Teachers Advisors LLC grew its position in Everbridge by 158.6% in the second quarter. Teachers Advisors LLC now owns 30,506 shares of the technology company’s stock valued at $743,000 after acquiring an additional 18,708 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in Everbridge by 210.1% in the second 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. Hedge funds and other institutional investors own 74.00% of the company’s stock.
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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