Everbridge (EVBG) Received its Third Buy in a Row

By Austin Angelo

After Northland Securities and Canaccord Genuity gave Everbridge (NASDAQ: EVBG) a Buy rating last month, the company received another Buy, this time from Stephens. Analyst Ryan MacWilliams assigned a Buy rating to Everbridge today and set a price target of $98.00. The company’s shares closed last Monday at $86.27.

According to TipRanks.com, MacWilliams is a 1-star analyst with an average return of -4.3% and a 44.4% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications, Smartsheet, and LogMeIn.

Everbridge has an analyst consensus of Strong Buy, with a price target consensus of $98.86.

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The company has a one-year high of $104.22 and a one-year low of $46.36. Currently, Everbridge has an average volume of 536.2K.

Based on the recent corporate insider activity of 62 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.