Analysts Anticipate Everbridge, Inc. (NASDAQ:EVBG) Will Post Quarterly Sales of $24.53 Million
Brokerages expect that Everbridge, Inc. (NASDAQ:EVBG) will report $24.53 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Everbridge’s earnings, with the highest sales estimate coming in at $24.61 million and the lowest estimate coming in at $24.50 million. The firm is expected to report its next quarterly earnings report on Monday, August 14th.
According to Zacks, analysts expect that Everbridge will report full-year sales of $24.53 million for the current year, with estimates ranging from $100.70 million to $101.96 million. For the next financial year, analysts forecast that the company will report sales of $125.42 million per share, with estimates ranging from $118.30 million to $128.79 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Everbridge.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, May 8th. The technology company reported ($0.19) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.02. The business had revenue of $22.80 million during the quarter, compared to the consensus estimate of $22.09 million. Everbridge’s revenue was up 33.3% on a year-over-year basis.
Several analysts have commented on the stock. SunTrust Banks, Inc. assumed coverage on shares of Everbridge in a report on Monday, June 26th. They issued a “buy” rating and a $32.00 price objective for the company. Zacks Investment Research upgraded shares of Everbridge from a “sell” rating to a “hold” rating and set a $26.00 price objective for the company in a report on Monday, May 1st. Bank of America Corporation raised their price objective on shares of Everbridge from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective (up from $25.00) on shares of Everbridge in a report on Tuesday, May 9th. Finally, Pacific Crest reaffirmed a “buy” rating on shares of Everbridge in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Everbridge currently has a consensus rating of “Buy” and an average price target of $24.20.
Shares of Everbridge (NASDAQ:EVBG) traded up 2.00% during mid-day trading on Friday, reaching $23.43. The company had a trading volume of 131,167 shares. The company’s market capitalization is $652.81 million. Everbridge has a 12-month low of $11.76 and a 12-month high of $26.87. The firm has a 50-day moving average of $25.09 and a 200-day moving average of $21.11.
In related news, Director Cintawati W. Putra sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $23.50, for a total value of $25,850.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cintawati W. Putra sold 580,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 11th. The stock was sold at an average price of $18.86, for a total transaction of $10,938,800.00. The disclosure for this sale can be found here. Insiders have sold 2,521,790 shares of company stock valued at $47,994,636 in the last three months. 41.40% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of EVBG. American International Group Inc. bought a new stake in shares of Everbridge during the first quarter valued at about $108,000. Teachers Advisors LLC bought a new stake in shares of Everbridge during the fourth quarter valued at about $180,000. Brown Advisory Inc. bought a new stake in shares of Everbridge during the fourth quarter valued at about $214,000. Parametric Portfolio Associates LLC boosted its stake in shares of Everbridge by 6.5% in the first quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock valued at $404,000 after buying an additional 1,199 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Everbridge by 45.9% in the first quarter. TIAA CREF Investment Management LLC now owns 21,204 shares of the technology company’s stock valued at $435,000 after buying an additional 6,672 shares in the last quarter. Institutional investors own 36.04% of the company’s stock.
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Everbridge Company Profile
Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.
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