Equities research analysts expect Everbridge Inc (NASDAQ:EVBG) to report earnings per share of ($0.11) for the current quarter, Zacks reports. Zero analysts have made estimates for Everbridge’s earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.11). Everbridge reported earnings of ($0.02) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 450%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Everbridge will report full-year earnings of ($0.57) per share for the current fiscal year, with EPS estimates ranging from ($0.57) to ($0.56). For the next year, analysts anticipate that the firm will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.46) to ($0.23). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Everbridge.
Everbridge (NASDAQ:EVBG) last posted its earnings results on Monday, November 5th. The technology company reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.05. Everbridge had a negative return on equity of 64.53% and a negative net margin of 31.96%. The business had revenue of $38.90 million during the quarter, compared to the consensus estimate of $38.09 million. During the same period in the previous year, the business earned ($0.02) EPS. The business’s quarterly revenue was up 42.5% on a year-over-year basis.
Several research firms have recently weighed in on EVBG. Credit Suisse Group boosted their target price on Everbridge from $56.00 to $58.00 and gave the company 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 target price 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 target price for the company. Finally, BidaskClub downgraded Everbridge from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $51.50.
In related news, Director Richard A. Damore sold 17,392 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $50.39, for a total value of $876,382.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kent Mathy sold 33,190 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $47.43, for a total value of $1,574,201.70. The disclosure for this sale can be found here. Insiders sold a total of 125,013 shares of company stock worth $6,841,229 in the last 90 days. 11.20% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of EVBG. Seven Eight Capital LP increased its position in Everbridge by 19.6% during the 3rd quarter. Seven Eight Capital LP now owns 6,100 shares of the technology company’s stock worth $352,000 after purchasing an additional 1,000 shares during the period. JPMorgan Chase & Co. increased its position in Everbridge by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,836 shares of the technology company’s stock worth $451,000 after purchasing an additional 1,082 shares during the period. Gagnon Advisors LLC increased its position in Everbridge by 1.2% during the 2nd quarter. Gagnon Advisors LLC now owns 132,931 shares of the technology company’s stock worth $6,304,000 after purchasing an additional 1,527 shares during the period. Moody Aldrich Partners LLC increased its position in Everbridge by 2.2% during the 3rd quarter. Moody Aldrich Partners LLC now owns 88,938 shares of the technology company’s stock worth $5,126,000 after purchasing an additional 1,950 shares during the period. Finally, Fisher Asset Management LLC increased its position in Everbridge by 38.2% during the 3rd quarter. Fisher Asset Management LLC now owns 9,050 shares of the technology company’s stock worth $522,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.
Shares of Everbridge stock traded up $5.04 on Wednesday, hitting $56.99. The stock had a trading volume of 822,728 shares, compared to its average volume of 344,509. Everbridge has a 52-week low of $23.87 and a 52-week high of $63.00. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $1.52 billion, a P/E ratio of -99.98 and a beta of 1.58.
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.
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