Everbridge (EVBG) PT Raised to $37.00 at Credit Suisse Group

Everbridge (NASDAQ:EVBG) had its target price increased by Credit Suisse Group from $30.00 to $37.00 in a report issued on Thursday. The firm currently has an “outperform” rating on the technology company’s stock. Credit Suisse Group’s price target indicates a potential upside of 10.35% from the company’s current price.

A number of other research analysts have also weighed in on EVBG. Needham & Company LLC raised their target price on shares of Everbridge from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Canaccord Genuity reissued a “buy” rating and issued a $33.00 target price (up from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. KeyCorp raised their target price on shares of Everbridge from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Everbridge from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Friday, November 10th. Finally, Northland Securities reissued a “buy” rating and issued a $33.00 target price on shares of Everbridge in a report on Friday, November 10th. 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 stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.89.

Everbridge (NASDAQ EVBG) opened at $33.53 on Thursday. Everbridge has a fifty-two week low of $16.63 and a fifty-two week high of $33.85.

In other Everbridge news, CEO Jaime Wallace Ellertson sold 97,500 shares of Everbridge stock in a transaction on Monday, November 27th. The shares were sold at an average price of $26.43, for a total transaction of $2,576,925.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Imad Mouline sold 6,986 shares of Everbridge stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $28.50, for a total transaction of $199,101.00. The disclosure for this sale can be found here. Insiders have sold 148,028 shares of company stock valued at $4,128,849 over the last ninety days. 41.40% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new position in Everbridge during the fourth quarter worth $248,000. Two Sigma Investments LP boosted its stake in Everbridge by 206.4% during the fourth quarter. Two Sigma Investments LP now owns 297,374 shares of the technology company’s stock worth $8,838,000 after buying an additional 200,310 shares during the period. Two Sigma Advisers LP boosted its stake in Everbridge by 527.0% during the fourth quarter. Two Sigma Advisers LP now owns 99,700 shares of the technology company’s stock worth $2,963,000 after buying an additional 83,800 shares during the period. Goldman Sachs Group Inc. boosted its stake in Everbridge by 226.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 280,263 shares of the technology company’s stock worth $8,329,000 after buying an additional 194,421 shares during the period. Finally, ArrowMark Colorado Holdings LLC boosted its stake in Everbridge by 24.6% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 564,921 shares of the technology company’s stock worth $16,789,000 after buying an additional 111,551 shares during the period. 66.36% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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