Everbridge (NASDAQ:EVBG) Downgraded by BidaskClub to “Buy”

Share on StockTwits

BidaskClub downgraded shares of Everbridge (NASDAQ:EVBG) from a strong-buy rating to a buy rating in a research note released on Thursday, BidAskClub reports.

EVBG has been the subject of several other research reports. Oppenheimer initiated coverage on shares of Everbridge in a report on Tuesday, January 7th. They issued a hold rating for the company. Stephens reaffirmed a buy rating and set a $105.00 target price on shares of Everbridge in a report on Tuesday, January 14th. Zacks Investment Research lowered shares of Everbridge from a buy rating to a hold rating in a report on Thursday, January 30th. Canaccord Genuity dropped their target price on shares of Everbridge from $105.00 to $90.00 and set a buy rating for the company in a report on Tuesday, November 5th. Finally, Northland Securities reaffirmed a buy rating and set a $99.00 target price on shares of Everbridge in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Everbridge has an average rating of Buy and an average target price of $98.33.

NASDAQ EVBG traded up $0.86 on Thursday, hitting $91.88. The company had a trading volume of 247,759 shares, compared to its average volume of 391,734. The company has a market capitalization of $3.08 billion, a PE ratio of -60.05 and a beta of 0.91. The company’s fifty day moving average price is $87.03 and its 200-day moving average price is $80.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.76. Everbridge has a 12-month low of $59.85 and a 12-month high of $104.22.

In other news, CAO Phillip E. Huff sold 762 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $86.50, for a total transaction of $65,913.00. Following the transaction, the chief accounting officer now owns 4,473 shares of the company’s stock, valued at approximately $386,914.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP James Totton sold 21,875 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $91.55, for a total transaction of $2,002,656.25. The disclosure for this sale can be found here. Insiders have sold 105,726 shares of company stock valued at $8,956,957 in the last ninety days. Insiders own 2.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in shares of Everbridge during the 4th quarter valued at about $30,000. SG Americas Securities LLC acquired a new position in shares of Everbridge during the 4th quarter valued at about $123,000. Strs Ohio boosted its position in shares of Everbridge by 45.5% during the 4th quarter. Strs Ohio now owns 1,600 shares of the technology company’s stock valued at $124,000 after acquiring an additional 500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Everbridge by 16.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,817 shares of the technology company’s stock valued at $112,000 after acquiring an additional 257 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Everbridge by 44.7% during the 4th quarter. Advisor Group Inc. now owns 2,012 shares of the technology company’s stock valued at $158,000 after acquiring an additional 622 shares during the last quarter.

Everbridge Company Profile

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.

Featured Story: FTSE 100 Index

Analyst Recommendations for Everbridge (NASDAQ:EVBG)

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