Everbridge (EVBG) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Everbridge in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" EVBG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EVBG, but not buy additional shares or sell existing shares.
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6 Wall Street analysts have issued 1 year price objectives for Everbridge's shares. Their EVBG share price forecasts range from $27.00 to $40.00. On average, they expect the company's share price to reach $32.63 in the next twelve months. This suggests a possible upside of 35.8% from the stock's current price.
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Everbridge's stock was trading at $29.58 at the start of the year. Since then, EVBG stock has decreased by 18.8% and is now trading at $24.02.
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Everbridge saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,120,000 shares, a decline of 8.9% from the April 30th total of 1,230,000 shares. Based on an average daily trading volume, of 460,800 shares, the short-interest ratio is currently 2.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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Everbridge, Inc. (NASDAQ:EVBG) released its quarterly earnings results on Tuesday, May, 9th. The technology company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.15. The technology company had revenue of $108.27 million for the quarter, compared to analyst estimates of $106.39 million. Everbridge had a negative net margin of 12.90% and a negative trailing twelve-month return on equity of 3.52%.

ETFs with the largest weight of Everbridge (NASDAQ:EVBG) stock in their portfolio include Alger Mid Cap 40 ETF (FRTY), Global X Cloud Computing ETF (CLOU), MFAM Small-Cap Growth ETF (MFMS), Motley Fool Small-Cap Growth ETF (TMFS), WisdomTree Cloud Computing Fund (WCLD), iShares Virtual Work and Life Multisector ETF (IWFH), iShares Cybersecurity and Tech ETF (IHAK) and Motley Fool Global Opportunities ETF (TMFG).

Everbridge issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of $0.26-$0.27 for the period, compared to the consensus estimate of $0.32. The company issued revenue guidance of $110.00 million-$110.50 million, compared to the consensus revenue estimate of $109.36 million.

0 employees have rated Everbridge Chief Executive Officer Dave Wagner on Glassdoor.com. Dave Wagner has an approval rating of 98% among the company's employees. This puts Dave Wagner in the top 20% of approval ratings compared to other CEOs of publicly-traded companies. 79.0% of employees surveyed would recommend working at Everbridge to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Everbridge investors own include NVIDIA (NVDA), DocuSign (DOCU), Block (SQ), Zoom Video Communications (ZM), Okta (OKTA), Alibaba Group (BABA), Twilio (TWLO), Salesforce (CRM), Splunk (SPLK) and Advanced Micro Devices (AMD).

(EVBG) raised $90 million in an initial public offering on Friday, September 16th 2016. The company issued 7,500,000 shares at a price of $11.00-$13.00 per share. Credit Suisse and BofA Merrill Lynch acted as the underwriters for the IPO and Stifel, Pacific Crest Securities (a division of KeyBanc Capital Markets), Raymond James, Canaccord Genuity and William Blair were co-managers.

Everbridge trades on the NASDAQ under the ticker symbol "EVBG."

Everbridge's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Fred Alger Management LLC (5.23%), Clearbridge Investments LLC (4.83%), Armistice Capital LLC (2.10%), Geode Capital Management LLC (1.92%), Harvey Partners LLC (1.69%) and Polar Asset Management Partners Inc. (1.58%). Insiders that own company stock include Ajay Nigam, Bruns H Grayson, David Alexander Meredith, David Wagner, Elliot J Mark, Elliot J Mark, Imad Mouline, Jaime Wallace Ellertson, James Totton, Patrick Brickley, Phillip E Huff, Phillip E Huff, Sharon T Rowlands and Vernon Irvin.
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Shares of EVBG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EVBG stock can currently be purchased for approximately $24.02.

Everbridge (NASDAQ:EVBG) has a market capitalization of $974.01 million and generates $431.89 million in revenue each year. The technology company earns $-61,170,000.00 in net income (profit) each year or ($1.98) on an earnings per share basis.

The company employs 1,713 workers across the globe.

Everbridge's mailing address is 25 CORPORATE DRIVE SUITE 400, BURLINGTON MA, 01803. The official website for the company is www.everbridge.com. The technology company can be reached via phone at (818) 230-9700, via email at joshua.young@everbridge.com, or via fax at 818-230-9505.