The 23,700 Shares in Everbridge, Inc. (EVBG) Acquired by Spark Investment Management LLC

The 23,700 Shares in Everbridge, Inc. (EVBG) Acquired by Spark Investment Management LLC

Spark Investment Management LLC bought a new position in Everbridge, Inc. (NASDAQ:EVBG) during the third quarter, Holdings Channel reports. The firm bought 23,700 shares of the company’s stock, valued at approximately $399,000. Spark Investment Management LLC owned about 0.19% of Everbridge as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EVBG. Monashee Investment Management LLC bought a new position in shares of Everbridge during the third quarter worth $3,732,000. Granite Point Capital Management L.P. bought a new position in shares of Everbridge during the third quarter worth $1,543,000. Ameriprise Financial Inc. bought a new position in shares of Everbridge during the third quarter worth $1,180,000. Bank of New York Mellon Corp bought a new position in shares of Everbridge during the third quarter worth $919,000. Finally, Victory Capital Management Inc. bought a new position in shares of Everbridge during the third quarter worth $843,000. 22.34% of the stock is owned by hedge funds and other institutional investors.

Shares of Everbridge, Inc. (NASDAQ:EVBG) traded up 0.11% during midday trading on Wednesday, reaching $18.73. 82,787 shares of the company’s stock traded hands. Everbridge, Inc. has a 12 month low of $11.76 and a 12 month high of $20.66. The stock has a 50 day moving average of $18.19 and a 200-day moving average of $16.66. The stock’s market cap is $508.48 million.

Everbridge (NASDAQ:EVBG) last announced its earnings results on Wednesday, November 2nd. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $19.90 million for the quarter, compared to the consensus estimate of $19.14 million. Everbridge’s revenue was up 30.9% compared to the same quarter last year. On average, equities research analysts forecast that Everbridge, Inc. will post ($0.34) EPS for the current fiscal year.

A number of equities analysts recently weighed in on EVBG shares. William Blair reaffirmed an “outperform” rating on shares of Everbridge in a research note on Tuesday, October 11th. KeyCorp reaffirmed an “overweight” rating and issued a $19.00 target price on shares of Everbridge in a research note on Wednesday, October 12th. Bank of America Corporation started coverage on shares of Everbridge in a research note on Tuesday, October 11th. They issued a “buy” rating for the company. Stifel Nicolaus started coverage on shares of Everbridge in a research note on Tuesday, October 11th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Credit Suisse Group started coverage on shares of Everbridge in a research note on Tuesday, October 11th. They issued an “outperform” rating and a $21.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $20.17.

Want to see what other hedge funds are holding EVBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everbridge, Inc. (NASDAQ:EVBG).

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