William Blair Believes Everbridge Inc (EVBG) Still Has Room to Grow


In a report released today, Dmitry Netis from William Blair maintained a Buy rating on Everbridge Inc (NASDAQ: EVBG). The company’s shares opened today at $49.48, close to its 52-week high of $53.42.

According to TipRanks.com, Netis is a 5-star analyst with an average return of 10.5% and a 58.5% success rate. Netis covers the Consumer Goods sector, focusing on stocks such as Ribbon Communications Inc, Acacia Communications, and Juniper Networks.

Currently, the analyst consensus on Everbridge Inc is a Strong Buy with an average price target of $48.86.

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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 $12.34 million. In comparison, last year the company had a GAAP net loss of $3.44 million.

Based on the recent corporate insider activity of 62 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.

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