Everbridge Inc (EVBG) Received its Third Buy in a Row


After Northland Securities and Raymond James gave Everbridge Inc (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 Inc today and set a price target of $98. The company’s shares closed last Monday at $84.70.

According to TipRanks.com, MacWilliams is a 1-star analyst with an average return of -2.5% and a 28.6% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications Inc Class A, Slack Technologies Inc, and Smartsheet Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Everbridge Inc with a $103 average price target.

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Based on Everbridge Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $12.06 million. In comparison, last year the company had a GAAP net loss of $16.92 million.

Based on the recent corporate insider activity of 68 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.

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