Stephens set a $98.00 target price on Everbridge (NASDAQ:EVBG) in a research report sent to investors on Friday morning, TipRanks reports. The firm currently has a buy rating on the technology company’s stock.
A number of other research firms also recently commented on EVBG. Needham & Company LLC restated a buy rating and set a $100.00 price objective (up from $85.00) on shares of Everbridge in a research note on Thursday, June 20th. BidaskClub upgraded shares of Everbridge from a sell rating to a hold rating in a research note on Thursday, October 3rd. SunTrust Banks increased their price objective on shares of Everbridge to $100.00 and gave the stock a positive rating in a research note on Thursday, June 20th. KeyCorp restated a hold rating on shares of Everbridge in a research note on Thursday, June 20th. Finally, Bank of America increased their price objective on shares of Everbridge from $85.00 to $102.00 and gave the stock a buy rating in a research note on Thursday, June 20th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Everbridge presently has an average rating of Buy and an average target price of $100.00.
Shares of Everbridge stock traded down $1.28 during trading hours on Friday, reaching $70.19. 756,632 shares of the company’s stock were exchanged, compared to its average volume of 561,362. The company has a 50 day moving average of $70.92 and a two-hundred day moving average of $80.85. Everbridge has a fifty-two week low of $41.94 and a fifty-two week high of $104.22. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.52. The stock has a market cap of $2.40 billion, a P/E ratio of -49.08 and a beta of 0.89.
In related news, insider Robert W. Hughes sold 19,278 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $102.93, for a total value of $1,984,284.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Totton sold 21,875 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $94.15, for a total transaction of $2,059,531.25. The disclosure for this sale can be found here. Insiders sold a total of 67,480 shares of company stock valued at $6,130,872 over the last quarter. 2.20% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Advisor Group Inc. lifted its position in Everbridge by 22.4% during the second quarter. Advisor Group Inc. now owns 1,460 shares of the technology company’s stock worth $131,000 after acquiring an additional 267 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Everbridge by 31.6% during the second quarter. Bank of New York Mellon Corp now owns 837,692 shares of the technology company’s stock worth $74,907,000 after acquiring an additional 200,911 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in Everbridge by 393.5% during the second quarter. Cubist Systematic Strategies LLC now owns 36,516 shares of the technology company’s stock worth $3,265,000 after acquiring an additional 29,116 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Everbridge during the second quarter worth approximately $301,000. Finally, Sylebra Capital Ltd lifted its position in Everbridge by 251.5% during the second quarter. Sylebra Capital Ltd now owns 821,140 shares of the technology company’s stock worth $73,426,000 after acquiring an additional 587,542 shares during the last quarter.
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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