In a report released yesterday, David Hynes from Canaccord Genuity maintained a Buy rating on Everbridge (EVBG), with a price target of $105.00. The company’s shares closed last Monday at $91.84.
According to TipRanks.com, Hynes is a top 25 analyst with an average return of 36.5% and a 79.4% success rate. Hynes covers the Technology sector, focusing on stocks such as Veeva Systems, Descartes, and Zendesk.
Everbridge has an analyst consensus of Moderate Buy, with a price target consensus of $102.00, which is an 11.1% upside from current levels. In a report issued on February 14, Stephens also assigned a Buy rating to the stock with a $105.00 price target.
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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.
