$26.40 Million in Sales Expected for Everbridge, Inc. (EVBG) This Quarter
Wall Street analysts expect Everbridge, Inc. (NASDAQ:EVBG) to announce $26.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Everbridge’s earnings. The lowest sales estimate is $26.39 million and the highest is $26.42 million. Everbridge reported sales of $19.93 million in the same quarter last year, which would suggest a positive year over year growth rate of 32.5%. The business is scheduled to issue its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Everbridge will report full year sales of $26.40 million for the current financial year, with estimates ranging from $102.50 million to $102.64 million. For the next year, analysts expect that the company will post sales of $129.38 million per share, with estimates ranging from $126.50 million to $133.11 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Everbridge.
Everbridge (NASDAQ:EVBG) last posted its earnings results on Thursday, August 3rd. The technology company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. The business had revenue of $25 million during the quarter, compared to analyst estimates of $24.49 million. Everbridge had a negative return on equity of 26.39% and a negative net margin of 16.72%. The company’s revenue was up 34.4% on a year-over-year basis.
A number of equities analysts have recently issued reports on EVBG shares. SunTrust Banks, Inc. started coverage on Everbridge in a research report on Monday, June 26th. They set a “buy” rating and a $32.00 price target on the stock. Zacks Investment Research raised Everbridge from a “sell” rating to a “hold” rating in a research report on Monday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target (up from $25.00) on shares of Everbridge in a research report on Tuesday, May 9th. Pacific Crest reaffirmed a “buy” rating on shares of Everbridge in a research report on Tuesday, May 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 price target (up from $22.00) on shares of Everbridge in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $25.60.
In related news, SVP Claudia Dent sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $25.95, for a total value of $103,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruns H. Grayson sold 10,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $22.07, for a total value of $220,700.00. Following the completion of the transaction, the director now directly owns 26,082 shares in the company, valued at $575,629.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 269,401 shares of company stock worth $6,300,608. 41.40% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC increased its position in Everbridge by 13.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 714,858 shares of the technology company’s stock valued at $17,414,000 after buying an additional 85,932 shares during the last quarter. Vanguard Group Inc. increased its position in Everbridge by 115.8% in the second quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock valued at $16,977,000 after buying an additional 373,899 shares during the last quarter. Nicholas Investment Partners LP increased its position in Everbridge by 20.8% in the second quarter. Nicholas Investment Partners LP now owns 436,179 shares of the technology company’s stock valued at $10,626,000 after buying an additional 75,076 shares during the last quarter. Voya Investment Management LLC purchased a new position in Everbridge during the second quarter valued at about $8,364,000. Finally, Crosslink Capital Inc. increased its position in Everbridge by 7.8% in the second quarter. Crosslink Capital Inc. now owns 313,193 shares of the technology company’s stock valued at $7,629,000 after buying an additional 22,597 shares during the last quarter. 38.46% of the stock is currently owned by hedge funds and other institutional investors.
Everbridge (EVBG) opened at 22.90 on Friday. Everbridge has a 1-year low of $11.76 and a 1-year high of $26.87. The stock has a 50 day moving average price of $23.09 and a 200-day moving average price of $22.14. The stock’s market capitalization is $643.38 million.
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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