Wall Street analysts expect Everbridge Inc (NASDAQ:EVBG) to report earnings of $0.04 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Everbridge’s earnings, with estimates ranging from $0.02 to $0.04. Everbridge reported earnings per share of ($0.09) in the same quarter last year, which suggests a positive year over year growth rate of 144.4%. The company is expected to announce its next quarterly earnings results on Tuesday, February 18th.
According to Zacks, analysts expect that Everbridge will report full year earnings of ($0.22) per share for the current fiscal year, with EPS estimates ranging from ($0.24) to ($0.21). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.14) to $0.25. Zacks’ EPS averages are an average based on a survey of research analysts that cover Everbridge.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Monday, November 4th. The technology company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. Everbridge had a negative net margin of 26.36% and a negative return on equity of 26.35%. The company had revenue of $52.55 million during the quarter, compared to analysts’ expectations of $51.42 million. During the same quarter in the previous year, the business posted ($0.10) EPS. The firm’s revenue was up 35.0% on a year-over-year basis.
Several research firms have recently issued reports on EVBG. ValuEngine cut shares of Everbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. BidaskClub raised Everbridge from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Zacks Investment Research cut Everbridge from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Canaccord Genuity decreased their price target on Everbridge from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Northland Securities reaffirmed a “buy” rating and set a $99.00 price objective on shares of Everbridge in a research report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $97.42.
In related news, CFO Patrick Brickley sold 8,183 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $69.85, for a total value of $571,582.55. Also, Director Bruns H. Grayson sold 20,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $85.90, for a total value of $1,718,000.00. Following the completion of the sale, the director now directly owns 60,000 shares of the company’s stock, valued at $5,154,000. The disclosure for this sale can be found here. Insiders sold 28,994 shares of company stock valued at $2,359,734 in the last 90 days. 2.20% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY raised its position in Everbridge by 14.6% in the third quarter. Metropolitan Life Insurance Co NY now owns 10,479 shares of the technology company’s stock worth $647,000 after acquiring an additional 1,332 shares in the last quarter. Select Equity Group L.P. lifted its holdings in Everbridge by 217.1% in the third quarter. Select Equity Group L.P. now owns 2,669,506 shares of the technology company’s stock valued at $164,735,000 after acquiring an additional 1,827,525 shares during the period. Squarepoint Ops LLC boosted its position in shares of Everbridge by 188.6% during the 3rd quarter. Squarepoint Ops LLC now owns 47,850 shares of the technology company’s stock worth $2,953,000 after purchasing an additional 31,268 shares in the last quarter. Voloridge Investment Management LLC boosted its position in shares of Everbridge by 82.7% during the 3rd quarter. Voloridge Investment Management LLC now owns 41,037 shares of the technology company’s stock worth $2,532,000 after purchasing an additional 18,580 shares in the last quarter. Finally, Sylebra Capital Ltd boosted its position in shares of Everbridge by 4.5% during the 3rd quarter. Sylebra Capital Ltd now owns 858,422 shares of the technology company’s stock worth $52,973,000 after purchasing an additional 37,282 shares in the last quarter.
Shares of EVBG traded up $0.86 during midday trading on Friday, reaching $85.42. The stock had a trading volume of 202,044 shares, compared to its average volume of 314,033. Everbridge has a 1-year low of $46.36 and a 1-year high of $104.22. The company’s fifty day simple moving average is $78.88 and its two-hundred day simple moving average is $82.08. The company has a market cap of $2.86 billion, a price-to-earnings ratio of -59.73 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.76.
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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