Everbridge Inc (NASDAQ:EVBG) has been assigned a consensus rating of “Buy” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $137.08.

EVBG has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on Everbridge from $98.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. BidaskClub upgraded Everbridge from a “hold” rating to a “buy” rating in a report on Friday. Robert W. Baird increased their price target on Everbridge from $120.00 to $132.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Raymond James increased their price objective on Everbridge from $105.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $150.00 price objective on shares of Everbridge in a research report on Friday, May 29th.

NASDAQ:EVBG traded down $5.73 during mid-day trading on Tuesday, reaching $135.19. The stock had a trading volume of 674,100 shares, compared to its average volume of 663,230. The business’s 50 day moving average is $140.81 and its 200 day moving average is $109.48. Everbridge has a fifty-two week low of $59.85 and a fifty-two week high of $165.79. The stock has a market cap of $4.65 billion, a P/E ratio of -71.53 and a beta of 0.52. The company has a debt-to-equity ratio of 1.87, a current ratio of 3.13 and a quick ratio of 3.13.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.21. Everbridge had a negative return on equity of 20.57% and a negative net margin of 29.27%. The firm had revenue of $58.90 million for the quarter, compared to the consensus estimate of $57.66 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The firm’s revenue was up 37.6% on a year-over-year basis. Equities analysts expect that Everbridge will post -1.63 EPS for the current year.

In other Everbridge news, CFO Patrick Brickley sold 6,354 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $132.79, for a total transaction of $843,747.66. Following the transaction, the chief financial officer now owns 12,813 shares of the company’s stock, valued at approximately $1,701,438.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Totton sold 21,875 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $112.30, for a total value of $2,456,562.50. The disclosure for this sale can be found here. Insiders sold a total of 60,729 shares of company stock worth $8,155,060 in the last 90 days. Company insiders own 0.75% of the company’s stock.

Large investors have recently bought and sold shares of the business. State Street Corp boosted its stake in Everbridge by 0.6% in the 1st quarter. State Street Corp now owns 712,040 shares of the technology company’s stock valued at $75,733,000 after purchasing an additional 4,524 shares during the period. AXA bought a new stake in Everbridge in the 1st quarter valued at $511,000. Cunning Capital Partners LP bought a new stake in Everbridge in the 1st quarter valued at $973,000. Spouting Rock Asset Management LLC bought a new stake in Everbridge in the 1st quarter valued at $501,000. Finally, FDx Advisors Inc. bought a new stake in Everbridge in the 1st quarter valued at $38,000.

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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