Everbridge, Inc. (NASDAQ:EVBG) Expected to Post Quarterly Sales of $102.26 Million

Wall Street analysts expect Everbridge, Inc. (NASDAQ:EVBG) to post sales of $102.26 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Everbridge’s earnings, with estimates ranging from $102.00 million to $103.07 million. Everbridge reported sales of $75.61 million in the same quarter last year, which would suggest a positive year over year growth rate of 35.2%. The business is scheduled to issue its next earnings results on Thursday, February 17th.

According to Zacks, analysts expect that Everbridge will report full year sales of $367.70 million for the current financial year, with estimates ranging from $367.60 million to $367.81 million. For the next fiscal year, analysts expect that the business will post sales of $465.00 million, with estimates ranging from $455.80 million to $489.09 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Everbridge.

Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Tuesday, November 9th. The technology company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.62) by $0.67. Everbridge had a negative net margin of 31.91% and a negative return on equity of 12.68%. During the same period in the prior year, the business posted ($0.33) earnings per share.

EVBG has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $175.00 price objective on shares of Everbridge in a research note on Tuesday, August 10th. Raymond James increased their price objective on shares of Everbridge from $140.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, August 10th. Zacks Investment Research downgraded shares of Everbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, November 2nd. Stifel Nicolaus raised their price target on shares of Everbridge from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, September 7th. Finally, Stephens raised their price target on shares of Everbridge from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, November 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $174.50.

In other Everbridge news, Director Jaime Wallace Ellertson sold 10,175 shares of the firm’s stock in a transaction on Wednesday, November 10th. The shares were sold at an average price of $142.86, for a total value of $1,453,600.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Elliot J. Mark sold 1,372 shares of the firm’s stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $142.87, for a total transaction of $196,017.64. The disclosure for this sale can be found here. Insiders have sold 64,845 shares of company stock valued at $9,411,429 in the last three months. 0.44% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sandy Spring Bank acquired a new position in shares of Everbridge during the third quarter valued at about $26,000. Manchester Capital Management LLC grew its holdings in shares of Everbridge by 2,757.1% during the third quarter. Manchester Capital Management LLC now owns 200 shares of the technology company’s stock valued at $30,000 after buying an additional 193 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Everbridge by 71.4% during the third quarter. First Horizon Advisors Inc. now owns 168 shares of the technology company’s stock valued at $36,000 after buying an additional 70 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Everbridge during the third quarter valued at about $72,000. Finally, Rational Advisors LLC acquired a new position in shares of Everbridge during the second quarter valued at about $78,000.

NASDAQ:EVBG traded up $5.02 on Thursday, hitting $113.50. The company had a trading volume of 946,870 shares, compared to its average volume of 453,686. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of -38.61 and a beta of 0.71. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 1.65. The firm has a 50 day moving average of $146.89 and a two-hundred day moving average of $139.75. Everbridge has a 52 week low of $105.23 and a 52 week high of $178.98.

About Everbridge

Everbridge, Inc engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organizations operational response to critical events. Its SaaS-based CEM platform enables customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.

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