EVBG has been the topic of a number of other reports. Northland Securities reaffirmed a buy rating and set a $99.00 price target on shares of Everbridge in a research note on Tuesday, November 5th. Zacks Investment Research downgraded shares of Everbridge from a buy rating to a hold rating in a report on Monday, October 7th. Stephens began coverage on shares of Everbridge in a research note on Monday. They issued a buy rating and a $98.00 price objective for the company. Credit Suisse Group reissued an outperform rating and set a $90.00 price objective (down previously from $100.00) on shares of Everbridge in a report on Tuesday, November 5th. Finally, Raymond James upped their target price on shares of Everbridge from $82.00 to $100.00 and gave the stock an outperform rating in a research report on Tuesday, August 6th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Everbridge currently has an average rating of Buy and a consensus target price of $97.42.
Everbridge stock opened at $85.39 on Tuesday. The stock’s 50 day moving average price is $78.09 and its 200 day moving average price is $82.07. Everbridge has a 1-year low of $46.36 and a 1-year high of $104.22. The company has a market cap of $2.97 billion, a PE ratio of -59.71 and a beta of 1.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.76.
In other news, CAO Phillip E. Huff sold 762 shares of Everbridge stock in a transaction on Monday, November 25th. The stock was sold at an average price of $86.50, for a total transaction of $65,913.00. Following the completion of the transaction, the chief accounting officer now owns 4,473 shares of the company’s stock, valued at approximately $386,914.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Patrick Brickley sold 8,183 shares of Everbridge stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $69.85, for a total value of $571,582.55. Insiders sold 28,994 shares of company stock worth $2,359,734 in the last three months. 2.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Select Equity Group L.P. raised its position in Everbridge by 217.1% during the third quarter. Select Equity Group L.P. now owns 2,669,506 shares of the technology company’s stock worth $164,735,000 after acquiring an additional 1,827,525 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Everbridge by 52.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,144,174 shares of the technology company’s stock worth $281,152,000 after purchasing an additional 1,077,481 shares in the last quarter. Invesco Ltd. increased its stake in shares of Everbridge by 1,126.2% during the 2nd quarter. Invesco Ltd. now owns 707,005 shares of the technology company’s stock worth $63,220,000 after purchasing an additional 649,349 shares in the last quarter. BlackRock Inc. raised its position in shares of Everbridge by 29.5% during the 2nd quarter. BlackRock Inc. now owns 2,596,838 shares of the technology company’s stock worth $232,209,000 after purchasing an additional 591,681 shares during the last quarter. Finally, Sylebra Capital Ltd raised its position in shares of Everbridge by 251.5% during the 2nd quarter. Sylebra Capital Ltd now owns 821,140 shares of the technology company’s stock worth $73,426,000 after purchasing an additional 587,542 shares during the last quarter.
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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