Wall Street analysts expect Everbridge Inc (NASDAQ:EVBG) to announce sales of $68.46 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Everbridge’s earnings, with the lowest sales estimate coming in at $68.30 million and the highest estimate coming in at $68.70 million. Everbridge reported sales of $52.55 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.3%. The company is expected to report its next quarterly earnings results on Monday, November 2nd.
On average, analysts expect that Everbridge will report full-year sales of $264.91 million for the current financial year, with estimates ranging from $264.00 million to $266.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $333.38 million, with estimates ranging from $326.49 million to $349.80 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Everbridge.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.27. Everbridge had a negative return on equity of 18.80% and a negative net margin of 30.20%. The business had revenue of $65.40 million for the quarter, compared to analysts’ expectations of $63.00 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The business’s revenue was up 35.1% on a year-over-year basis.
EVBG has been the topic of several analyst reports. Credit Suisse Group raised their price objective on Everbridge from $118.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Raymond James increased their target price on Everbridge from $130.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Needham & Company LLC reaffirmed a “buy” rating on shares of Everbridge in a research report on Friday, August 7th. BidaskClub raised Everbridge from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Finally, Northland Securities assumed coverage on Everbridge in a research report on Friday, June 12th. They issued a “buy” rating and a $143.00 target price on the stock. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $149.00.
Shares of EVBG stock traded down $9.48 during mid-day trading on Thursday, hitting $127.01. 724,528 shares of the company’s stock were exchanged, compared to its average volume of 517,122. Everbridge has a fifty-two week low of $59.85 and a fifty-two week high of $165.79. The stock has a 50-day simple moving average of $137.62 and a two-hundred day simple moving average of $127.35. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.88. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of -61.06 and a beta of 0.46.
In other Everbridge news, Director Bruns H. Grayson sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $132.54, for a total value of $331,350.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $2,650,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Imad Mouline sold 9,265 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $149.55, for a total value of $1,385,580.75. The disclosure for this sale can be found here. Insiders sold 74,939 shares of company stock worth $11,080,396 over the last three months. 0.75% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Everbridge by 4.5% during the first quarter. BlackRock Inc. now owns 2,588,181 shares of the technology company’s stock valued at $275,280,000 after acquiring an additional 110,768 shares in the last quarter. Sylebra Capital Ltd grew its stake in shares of Everbridge by 18.5% during the first quarter. Sylebra Capital Ltd now owns 1,584,689 shares of the technology company’s stock valued at $168,548,000 after acquiring an additional 247,541 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Everbridge by 109.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 944,921 shares of the technology company’s stock valued at $100,502,000 after acquiring an additional 493,184 shares in the last quarter. Victory Capital Management Inc. grew its stake in Everbridge by 3.4% in the second quarter. Victory Capital Management Inc. now owns 780,660 shares of the technology company’s stock worth $108,012,000 after purchasing an additional 25,395 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Everbridge by 65.4% in the first quarter. Federated Hermes Inc. now owns 765,058 shares of the technology company’s stock worth $81,371,000 after purchasing an additional 302,403 shares in the last quarter.
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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