In a report released yesterday, Brent Bracelin from KeyBanc reiterated a Hold rating on Everbridge Inc (EVBG). The company’s shares closed yesterday at $64.26, close to its 52-week high of $66.22.
Bracelin commented:
“We remain impressed by solid execution and the vision to bundle employee safety, IT alerting, mass notification, and logistics into a broader critical event management (CEM) suite that is in the early stages of adoption across both corporate (56% of sales) and government (30%+ of sales) segments. Large deals and international drove upside.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 26.3% and a 77.7% success rate. Bracelin covers the Technology sector, focusing on stocks such as Salesforce.com, Veeva Systems, and BlackLine Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Everbridge Inc with a $65.67 average price target, which is a 2.2% upside from current levels. In a report issued on February 6, J.P. Morgan also initiated coverage with a Hold rating on the stock with a $69 price target.
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Based on Everbridge Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $8.45 million. In comparison, last year the company had a GAAP net loss of $5.76 million.
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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.
