In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Everbridge Inc (EVBG), with a price target of $83. The company’s shares closed yesterday at $74.01, close to its 52-week high of $76.60.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 16.5% and a 61.3% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Brightcove Inc, and Veritone Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Everbridge Inc with a $76.38 average price target, representing a 3.2% upside. In a report released yesterday, Stephens also maintained a Buy rating on the stock with a $74 price target.
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Based on Everbridge Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $14.13 million. In comparison, last year the company had a GAAP net loss of $12.34 million.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.
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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.
