Everbridge (EVBG) – Analysts’ Weekly Ratings Updates

Everbridge (NASDAQ: EVBG) recently received a number of ratings updates from brokerages and research firms:

7/3/2018 – Everbridge was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating. 6/20/2018 – Everbridge was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating. 6/18/2018 – Everbridge had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $57.00 price target on the stock, up previously from $52.00. 6/15/2018 – Everbridge had its price target raised by analysts at KeyCorp from $45.00 to $58.00. They now have an “overweight” rating on the stock. 6/15/2018 – Everbridge had its price target raised by analysts at Needham & Company LLC to $60.00. 6/11/2018 – Everbridge had its price target raised by analysts at Bank of America Corp from $45.00 to $53.00. They now have a “buy” rating on the stock. 6/7/2018 – Everbridge had its price target raised by analysts at Canaccord Genuity from $46.00 to $52.00. They now have a “buy” rating on the stock. 5/22/2018 – Everbridge had its price target raised by analysts at Needham & Company LLC to $50.00. They now have a “buy” rating on the stock. 5/11/2018 – Everbridge was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating. 5/8/2018 – Everbridge had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $45.00 price target on the stock, up previously from $39.00. 5/8/2018 – Everbridge had its price target raised by analysts at Raymond James to $38.00. They now have an “outperform” rating on the stock. 5/8/2018 – Everbridge had its price target raised by analysts at Credit Suisse Group AG from $38.00 to $46.00. They now have an “outperform” rating on the stock. 5/8/2018 – Everbridge had its price target raised by analysts at Bank of America Corp to $38.00. They now have a “buy” rating on the stock. 5/8/2018 – Everbridge had its price target raised by analysts at Needham & Company LLC to $46.00. They now have a “buy” rating on the stock. 5/8/2018 – Everbridge had its price target raised by analysts at Stifel Nicolaus from $38.00 to $45.00. They now have a “buy” rating on the stock. 5/4/2018 – Everbridge was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of EVBG traded up $0.14 during midday trading on Tuesday, hitting $47.23. The stock had a trading volume of 160,100 shares, compared to its average volume of 337,687. Everbridge Inc has a 1 year low of $21.56 and a 1 year high of $53.42. The company has a market cap of $1.36 billion, a P/E ratio of -82.86 and a beta of 0.98. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.50.

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Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Monday, May 7th. The technology company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. The company had revenue of $30.52 million for the quarter, compared to the consensus estimate of $29.61 million. Everbridge had a negative net margin of 23.01% and a negative return on equity of 42.59%. The firm’s revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.15) EPS. analysts predict that Everbridge Inc will post -1.39 earnings per share for the current fiscal year.

In other Everbridge news, CEO Jaime Wallace Ellertson sold 381,607 shares of the firm’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $49.55, for a total transaction of $18,908,626.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Robert W. Hughes sold 7,648 shares of the firm’s stock in a transaction dated Monday, April 9th. The shares were sold at an average price of $35.81, for a total transaction of $273,874.88. The disclosure for this sale can be found here. Insiders sold a total of 633,039 shares of company stock worth $31,609,787 in the last ninety days. 11.20% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in EVBG. Schwab Charles Investment Management Inc. boosted its holdings in shares of Everbridge by 12.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 74,246 shares of the technology company’s stock valued at $2,207,000 after buying an additional 8,275 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Everbridge in the 4th quarter valued at about $234,000. Swiss National Bank bought a new stake in shares of Everbridge in the 4th quarter valued at about $1,144,000. Wells Fargo & Company MN boosted its holdings in shares of Everbridge by 82.0% in the 4th quarter. Wells Fargo & Company MN now owns 72,835 shares of the technology company’s stock valued at $2,164,000 after buying an additional 32,818 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Everbridge by 29.0% in the 4th quarter. BlackRock Inc. now owns 1,158,361 shares of the technology company’s stock valued at $34,426,000 after buying an additional 260,224 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which 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, which 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.