Everbridge (EVBG) Reaches New 1-Year High and Low at $45.48

Everbridge (NASDAQ:EVBG) shares reached a new 52-week high and low during trading on Monday . The company traded as low as $45.48 and last traded at $44.16, with a volume of 9394 shares. The stock had previously closed at $44.96.

EVBG has been the topic of a number of research analyst reports. KeyCorp reissued an “overweight” rating and issued a $45.00 price target (up from $39.00) on shares of Everbridge in a report on Tuesday, May 8th. Bank of America reissued a “buy” rating and issued a $38.00 price target (up from $30.00) on shares of Everbridge in a report on Thursday, February 22nd. ValuEngine raised Everbridge from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. BidaskClub cut Everbridge from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 29th. Finally, Canaccord Genuity boosted their price target on Everbridge from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.80.

The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $1.28 billion, a PE ratio of -75.32 and a beta of 0.75.

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

In other Everbridge news, CFO Kenneth S. Goldman sold 10,327 shares of Everbridge stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $35.76, for a total value of $369,293.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Imad Mouline sold 3,000 shares of Everbridge stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $36.93, for a total value of $110,790.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,323 shares of company stock worth $1,507,833. Corporate insiders own 11.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB increased its stake in Everbridge by 133.3% in the 1st quarter. Handelsbanken Fonder AB now owns 175,000 shares of the technology company’s stock worth $6,405,000 after acquiring an additional 100,000 shares during the last quarter. Royal Bank of Canada increased its position in shares of Everbridge by 86,874.8% during the 1st quarter. Royal Bank of Canada now owns 207,000 shares of the technology company’s stock valued at $7,576,000 after purchasing an additional 206,762 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Everbridge by 90.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 183,047 shares of the technology company’s stock valued at $6,699,000 after purchasing an additional 87,100 shares during the last quarter. Barclays PLC increased its position in shares of Everbridge by 91.3% during the 1st quarter. Barclays PLC now owns 9,626 shares of the technology company’s stock valued at $353,000 after purchasing an additional 4,594 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of Everbridge by 8.4% during the 1st quarter. Blair William & Co. IL now owns 94,900 shares of the technology company’s stock valued at $3,473,000 after purchasing an additional 7,340 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors and hedge funds.

About Everbridge

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.

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