Everbridge (NASDAQ:EVBG) Price Target Raised to $100.00

Everbridge (NASDAQ:EVBG) had its price objective raised by Raymond James from $82.00 to $100.00 in a report released on Tuesday, The Fly reports. Raymond James currently has an outperform rating on the technology company’s stock.

EVBG has been the topic of a number of other reports. Credit Suisse Group raised their price objective on shares of Everbridge from $85.00 to $100.00 and gave the stock an outperform rating in a report on Thursday, June 20th. SunTrust Banks raised their price objective on shares of Everbridge to $100.00 and gave the stock a positive rating in a report on Thursday, June 20th. BidaskClub upgraded shares of Everbridge from a buy rating to a strong-buy rating in a report on Friday, July 12th. Stifel Nicolaus lifted their price target on shares of Everbridge from $91.00 to $100.00 in a research note on Thursday, June 20th. Finally, Needham & Company LLC reiterated a buy rating and issued a $100.00 price target (up from $85.00) on shares of Everbridge in a research note on Thursday, June 20th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $100.00.

Shares of NASDAQ:EVBG traded down $2.63 during midday trading on Tuesday, reaching $83.94. 804,379 shares of the company were exchanged, compared to its average volume of 522,432. Everbridge has a fifty-two week low of $41.94 and a fifty-two week high of $104.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.42 and a current ratio of 2.42. The stock’s fifty day moving average price is $95.08. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -58.70 and a beta of 0.83.

Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Monday, August 5th. The technology company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.05. Everbridge had a negative net margin of 25.85% and a negative return on equity of 41.46%. The business had revenue of $48.40 million for the quarter, compared to analyst estimates of $47.99 million. During the same period last year, the business posted ($0.18) earnings per share. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. As a group, analysts expect that Everbridge will post -1.37 earnings per share for the current year.

In other Everbridge news, SVP Imad Mouline sold 13,000 shares of Everbridge stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $80.25, for a total value of $1,043,250.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Elliot J. Mark sold 3,559 shares of Everbridge stock in a transaction on Friday, May 17th. The shares were sold at an average price of $85.02, for a total transaction of $302,586.18. The disclosure for this sale can be found here. Insiders sold a total of 442,594 shares of company stock worth $37,553,228 over the last quarter. Company insiders own 2.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of EVBG. Strs Ohio bought a new position in shares of Everbridge in the 1st quarter valued at about $30,000. Sun Life Financial INC bought a new position in shares of Everbridge in the 2nd quarter valued at about $61,000. SG Americas Securities LLC bought a new position in shares of Everbridge in the 1st quarter valued at about $104,000. First Mercantile Trust Co. bought a new position in shares of Everbridge in the 1st quarter valued at about $120,000. Finally, Rehmann Capital Advisory Group grew its position in shares of Everbridge by 68.1% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,716 shares of the technology company’s stock valued at $129,000 after acquiring an additional 695 shares during the period. Hedge funds and other institutional investors own 96.92% of the company’s stock.

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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