Everbridge (NASDAQ:EVBG) Earning Somewhat Favorable Media Coverage, Study Finds

News coverage about Everbridge (NASDAQ:EVBG) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Everbridge earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.6882346365109 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Everbridge from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, November 10th. Northland Securities reaffirmed a “buy” rating and set a $33.00 price target on shares of Everbridge in a report on Friday, November 10th. Credit Suisse Group reaffirmed an “outperform” rating and set a $30.00 price target (up from $26.50) on shares of Everbridge in a report on Friday, November 17th. KeyCorp lifted their price target on shares of Everbridge from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Finally, Canaccord Genuity reissued a “buy” rating and set a $33.00 target price (up from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $31.00.

Everbridge (NASDAQ:EVBG) opened at $26.27 on Monday. Everbridge has a 1 year low of $15.01 and a 1 year high of $29.99.

Everbridge (NASDAQ:EVBG) last posted its earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The firm had revenue of $27.31 million during the quarter, compared to analyst estimates of $26.41 million. During the same quarter in the prior year, the business posted ($0.07) EPS. The business’s revenue was up 37.0% compared to the same quarter last year. sell-side analysts predict that Everbridge will post -0.55 earnings per share for the current fiscal year.

In related news, CEO Jaime Wallace Ellertson sold 97,500 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $26.43, for a total value of $2,576,925.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kenneth S. Goldman sold 11,141 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $26.88, for a total transaction of $299,470.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,307 shares of company stock valued at $4,126,125. 41.40% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Everbridge (NASDAQ:EVBG) Earning Somewhat Favorable Media Coverage, Study Finds” was reported by Week Herald and is owned by of Week Herald. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://weekherald.com/2017/12/04/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-everbridge-evbg-share-price.html.

About Everbridge

Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.

Insider Buying and Selling by Quarter for Everbridge (NASDAQ:EVBG)

Receive News & Ratings for Everbridge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply