Everbridge (EVBG) Releases Q4 Earnings Guidance

Everbridge (NASDAQ:EVBG) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of ($0.11)-($0.10) for the period, compared to the Thomson Reuters consensus estimate of ($0.10). The company issued revenue guidance of $40.7-$41.0 million, compared to the consensus revenue estimate of $39.64 million.

Several brokerages recently issued reports on EVBG. Credit Suisse Group raised their price target on Everbridge from $56.00 to $58.00 and gave the stock an outperform rating in a report on Tuesday, August 7th. Zacks Investment Research raised Everbridge from a sell rating to a hold rating in a report on Friday, August 10th. Northland Securities reissued a buy rating and issued a $55.00 price target on shares of Everbridge in a report on Tuesday, August 7th. Robert W. Baird began coverage on Everbridge in a report on Monday, October 22nd. They issued an outperform rating and a $60.00 price target on the stock. Finally, BidaskClub downgraded Everbridge from a buy rating to a hold rating in a report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $51.50.

EVBG traded down $0.63 during trading hours on Monday, hitting $51.21. The company’s stock had a trading volume of 406,736 shares, compared to its average volume of 339,828. Everbridge has a fifty-two week low of $23.87 and a fifty-two week high of $63.00. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $1.52 billion, a P/E ratio of -89.84 and a beta of 1.58.

In related news, Director Kent Mathy sold 33,190 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $47.43, for a total value of $1,574,201.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kenneth S. Goldman sold 815 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $48.58, for a total value of $39,592.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,013 shares of company stock worth $6,690,659. 11.20% of the stock is owned by insiders.

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Everbridge Company Profile

Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which 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, which 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.

Further Reading: How to calculate the intrinsic value of a stock

Earnings History and Estimates for Everbridge (NASDAQ:EVBG)

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