Everbridge (NASDAQ:EVBG) Reaches New 12-Month High at $99.85

Everbridge Inc (NASDAQ:EVBG) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $99.85 and last traded at $99.46, with a volume of 3847 shares traded. The stock had previously closed at $97.97.

Several equities analysts have recently issued reports on EVBG shares. Raymond James lowered their price target on Adaptimmune Therapeutics from $16.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. Robert W. Baird started coverage on TAIWAN LIPOSOME/S in a research report on Thursday, June 20th. They issued an “outperform” rating for the company. Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Stephens set a $98.00 price target on Everbridge and gave the stock a “buy” rating in a research report on Monday. Finally, BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $94.42.

The stock has a fifty day moving average price of $89.30. The firm has a market cap of $3.23 billion, a P/E ratio of -69.76 and a beta of 0.83. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.52.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, May 6th. The technology company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.09. Everbridge had a negative return on equity of 52.04% and a negative net margin of 30.93%. The company had revenue of $42.82 million during the quarter, compared to the consensus estimate of $42.23 million. During the same period last year, the company earned ($0.17) EPS. Everbridge’s revenue for the quarter was up 40.3% on a year-over-year basis. As a group, analysts forecast that Everbridge Inc will post -1.41 EPS for the current fiscal year.

In other Everbridge news, Director Richard A. Damore sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $76.52, for a total transaction of $191,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert W. Hughes sold 15,625 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $91.82, for a total value of $1,434,687.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 419,925 shares of company stock valued at $34,630,756. Corporate insiders own 2.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in shares of Everbridge during the 1st quarter valued at about $30,000. SG Americas Securities LLC bought a new position in shares of Everbridge during the 1st quarter valued at approximately $104,000. First Mercantile Trust Co. bought a new position in shares of Everbridge during the 1st quarter valued at approximately $120,000. Rehmann Capital Advisory Group grew its stake in shares of Everbridge by 68.1% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,716 shares of the technology company’s stock valued at $129,000 after acquiring an additional 695 shares during the period. Finally, Macquarie Group Ltd. bought a new position in shares of Everbridge during the 4th quarter valued at approximately $156,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Everbridge Company Profile (NASDAQ:EVBG)

Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that 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 that 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.

Further Reading: What is a management fee?

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