Wall Street brokerages forecast that Everbridge Inc (NASDAQ:EVBG) will post $51.38 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Everbridge’s earnings, with estimates ranging from $51.14 million to $51.60 million. Everbridge posted sales of $38.93 million in the same quarter last year, which would indicate a positive year over year growth rate of 32%. The company is scheduled to announce its next earnings report after the market closes on Monday, November 4th.
On average, analysts expect that Everbridge will report full-year sales of $198.68 million for the current financial year, with estimates ranging from $198.40 million to $199.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $250.87 million, with estimates ranging from $241.10 million to $258.00 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 released its quarterly earnings results on Monday, August 5th. The technology company reported ($0.32) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.05. The company had revenue of $48.40 million during the quarter, compared to analysts’ expectations of $47.99 million. Everbridge had a negative net margin of 25.85% and a negative return on equity of 32.97%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.18) earnings per share.
EVBG has been the subject of several research analyst reports. ValuEngine cut shares of Everbridge from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price target on shares of Everbridge from $75.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Stephens set a $98.00 price target on shares of Everbridge and gave the company a “buy” rating in a report on Friday. BidaskClub upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Zacks Investment Research cut shares of Everbridge from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $100.00.
Shares of Everbridge stock traded down $0.24 on Friday, hitting $71.13. The company had a trading volume of 317,704 shares, compared to its average volume of 547,493. The firm has a market capitalization of $2.36 billion, a P/E ratio of -49.74 and a beta of 0.89. Everbridge has a twelve month low of $41.94 and a twelve month high of $104.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a 50-day moving average of $69.69 and a 200-day moving average of $80.76.
In related news, SVP Imad Mouline sold 10,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $82.28, for a total transaction of $822,800.00. Following the completion of the transaction, the senior vice president now owns 75,072 shares in the company, valued at $6,176,924.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Patrick Brickley sold 8,183 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $69.85, for a total transaction of $571,582.55. Insiders have sold 67,480 shares of company stock valued at $6,130,872 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in EVBG. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Everbridge by 16.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,817 shares of the technology company’s stock worth $112,000 after acquiring an additional 257 shares during the period. Envestnet Asset Management Inc. grew its stake in Everbridge by 6.7% during the third quarter. Envestnet Asset Management Inc. now owns 8,189 shares of the technology company’s stock worth $505,000 after buying an additional 517 shares in the last quarter. Cerebellum GP LLC acquired a new stake in Everbridge during the third quarter worth about $425,000. Macquarie Group Ltd. grew its stake in Everbridge by 5,804.9% during the second quarter. Macquarie Group Ltd. now owns 416,768 shares of the technology company’s stock worth $37,267,000 after buying an additional 409,710 shares in the last quarter. Finally, River & Mercantile Asset Management LLP acquired a new stake in Everbridge during the second quarter worth about $3,638,000.
Everbridge Company Profile
Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management that enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.
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