Everbridge Inc to Post FY2019 Earnings of ($0.43) Per Share, KeyCorp Forecasts (EVBG)

Everbridge Inc (NASDAQ:EVBG) – Stock analysts at KeyCorp issued their FY2019 EPS estimates for Everbridge in a note issued to investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst B. Bracelin forecasts that the technology company will post earnings per share of ($0.43) for the year. KeyCorp has a “Buy” rating and a $37.00 price target on the stock.

Several other brokerages have also recently weighed in on EVBG. Credit Suisse Group reaffirmed an “outperform” rating and issued a $30.00 price objective (up from $26.50) on shares of Everbridge in a report on Friday, November 17th. Zacks Investment Research lowered Everbridge from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, January 9th. Canaccord Genuity reiterated a “buy” rating and issued a $33.00 price target (up previously from $28.00) on shares of Everbridge in a research note on Tuesday, November 7th. William Blair reiterated a “buy” rating on shares of Everbridge in a research note on Tuesday, December 26th. Finally, BidaskClub lowered Everbridge from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $32.89.

Shares of Everbridge (EVBG) traded up $0.70 during midday trading on Monday, reaching $32.18. The company’s stock had a trading volume of 205,200 shares, compared to its average volume of 239,625. The firm has a market cap of $889.46, a PE ratio of -53.63 and a beta of 1.67. Everbridge has a 52-week low of $16.63 and a 52-week high of $33.85.

Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund lifted its holdings in Everbridge by 31.9% during the 3rd quarter. New York State Common Retirement Fund now owns 64,463 shares of the technology company’s stock worth $1,703,000 after buying an additional 15,603 shares during the period. Bank of New York Mellon Corp lifted its holdings in Everbridge by 67.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 198,687 shares of the technology company’s stock worth $4,840,000 after buying an additional 80,245 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Everbridge during the 2nd quarter worth about $288,000. Granahan Investment Management Inc. MA acquired a new position in Everbridge during the 3rd quarter worth about $5,296,000. Finally, JPMorgan Chase & Co. acquired a new position in Everbridge during the 3rd quarter worth about $845,000. 66.36% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Kenneth S. Goldman sold 816 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $32.06, for a total transaction of $26,160.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Imad Mouline sold 6,986 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $28.50, for a total value of $199,101.00. The disclosure for this sale can be found here. Insiders have sold a total of 148,028 shares of company stock worth $4,128,849 in the last 90 days. 41.40% of the stock is currently owned by corporate insiders.

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Everbridge Company Profile

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.

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