The stock of Everbridge Inc. (NASDAQ:EVBG) last traded at $27.21, up 1.15% from the previous session.
Data from the available sources indicates that Everbridge Inc. (NASDAQ:EVBG) is covered by 13 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $24.00, we find $29.00. Given the previous closing price of $26.90, this indicates a potential upside of 7.81 percent. EVBG stock price is now 5.66% away from the 50-day moving average and -9.55% away from the 200-day moving average. The market capitalization of the company currently stands at $1.09B.
In total, 8 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $29.80 as their price target over the next twelve months.
With the price target reduced from $41 to $34, Stephens Downgraded its rating from Overweight to Equal-Weight for Everbridge Inc. (NASDAQ: EVBG).
In other news, Brickley Patrick, EVP and CFO sold 1,008 shares of the company’s stock on Jun 01. The stock was sold for $24,065 at an average price of $23.87. Upon completion of the transaction, the EVP and CFO now directly owns 97,186 shares in the company, valued at $2.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30, Director HENSHALL DAVID J bought 20,000 shares of the business’s stock. A total of $464,800 was incurred on buying the stock at an average price of $23.24. This leaves the insider owning 28,331 shares of the company worth $0.77 million. Insiders disposed of 81,785 shares of company stock worth roughly $2.23 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EVBG stock. A new stake in Everbridge Inc. shares was purchased by BRAHMAN CAPITAL CORP. during the first quarter worth $26,346,000. POLAR ASSET MANAGEMENT PARTNERS INC. invested $17,407,000 in shares of EVBG during the first quarter. In the first quarter, ARCHON CAPITAL MANAGEMENT LLC acquired a new stake in Everbridge Inc. valued at approximately $6,461,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in EVBG for approximately $1,802,000. ALYESKA INVESTMENT GROUP, L.P. purchased a new stake in EVBG valued at around $1,769,000 in the second quarter. In total, there are 300 active investors with 95.00% ownership of the company’s stock.
With an opening price of $26.78 on Monday morning, Everbridge Inc. (NASDAQ: EVBG) set off the trading day. During the past 12 months, Everbridge Inc. has had a low of $22.50 and a high of $42.90. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.30, and a quick ratio of 1.30.
The latest earnings results from Everbridge Inc. (NASDAQ: EVBG) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at $0.25, beating analysts’ expectations of $0.13 by 0.12. This compares to -$0.48 EPS in the same period last year. The net profit margin was -12.90% and return on equity was -20.80% for EVBG. The company reported revenue of $108.27 million for the quarter, compared to $100.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.86 percent. For the current quarter, analysts expect EVBG to generate $110.76M in revenue.
Everbridge Inc.(EVBG) Company Profile
Everbridge, Inc. operates as a software company that enables customers to anticipate, mitigate, respond to, and recover from critical events in North America and internationally. The company offers Critical Event Management, a SaaS based platform, which offers various software applications for organizations for safeguarding business operations, people resilience, digital operations, smart security, and public safety. The Company’s enterprise applications include Mass Notification, Safety Connection, IT Alerting, Visual Command Center, Public Warning, Community Engagement, Risk Center, Crisis Management, CareConverge, Control Center, 911 Connect, Travel Risk Management, SnapComms, and E911 for automating various critical event management processes. It serves enterprises, small businesses, non-profit organizations, educational institutions, and government agencies in technology, energy, financial services, healthcare and life sciences, manufacturing, media and entertainment, retail, higher education, and professional services industries. The company was formerly known as 3n Global, Inc. and changed its name to Everbridge, Inc. in April 2009. The company was founded in 2002 and is based in Burlington, Massachusetts.
