Everbridge (EVBG) Gets a Buy Rating from Stephens

By Carrie Williams

In a report released today, Ryan MacWilliams from Stephens assigned a Buy rating to Everbridge (EVBGResearch Report), with a price target of $105.00. The company’s shares closed last Monday at $84.96.

According to TipRanks.com, MacWilliams is a 1-star analyst with an average return of -4.7% and a 48.0% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and Smartsheet.

Currently, the analyst consensus on Everbridge is a Strong Buy with an average price target of $99.80.

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Based on Everbridge’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $12.92 million. In comparison, last year the company had a GAAP net loss of $9.81 million.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EVBG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Everbridge, Inc. engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization’s operational response to critical events.