Zacks: Analysts Expect Everbridge, Inc. (EVBG) to Announce -$0.06 EPS
Equities research analysts expect Everbridge, Inc. (NASDAQ:EVBG) to announce earnings of ($0.06) per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Everbridge’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.06). Everbridge posted earnings of ($0.07) per share during the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, November 6th.
On average, analysts expect that Everbridge will report full-year earnings of ($0.28) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.26). For the next year, analysts forecast that the business will report earnings of ($0.24) per share, with EPS estimates ranging from ($0.35) to ($0.20). Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Everbridge.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. Everbridge had a negative return on equity of 26.39% and a negative net margin of 16.72%. The company had revenue of $25.00 million during the quarter, compared to the consensus estimate of $24.49 million. The firm’s revenue was up 34.4% compared to the same quarter last year.
EVBG has been the topic of a number of research reports. KeyCorp reissued a “buy” rating and issued a $27.00 price objective on shares of Everbridge in a report on Friday, August 4th. Stifel Nicolaus raised their target price on Everbridge from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, September 18th. Canaccord Genuity raised their target price on Everbridge from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 4th. William Blair reaffirmed a “buy” rating on shares of Everbridge in a report on Monday, September 25th. Finally, Zacks Investment Research downgraded Everbridge from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Everbridge currently has a consensus rating of “Buy” and a consensus price target of $29.14.
Shares of Everbridge (EVBG) opened at 26.64 on Wednesday. The company’s market capitalization is $748.45 million. Everbridge has a 12-month low of $12.92 and a 12-month high of $27.50. The company has a 50-day moving average price of $26.05 and a 200 day moving average price of $25.97.
In other Everbridge news, CFO Kenneth S. Goldman sold 11,141 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $26.88, for a total transaction of $299,470.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Elliot J. Mark sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $26.94, for a total value of $26,940.00. The disclosure for this sale can be found here. Insiders sold a total of 112,045 shares of company stock valued at $2,651,013 over the last three months. Company insiders own 41.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EVBG. Lord Abbett & CO. LLC acquired a new stake in shares of Everbridge in the 2nd quarter worth approximately $11,771,000. Vanguard Group Inc. lifted its stake in Everbridge by 115.8% in the 2nd 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 in the last quarter. Voya Investment Management LLC purchased a new stake in Everbridge in the 2nd quarter valued at approximately $8,364,000. Essex Investment Management Co. LLC lifted its stake in Everbridge by 1,473.4% in the 3rd quarter. Essex Investment Management Co. LLC now owns 180,818 shares of the technology company’s stock valued at $4,777,000 after buying an additional 169,326 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in Everbridge in the 2nd quarter valued at approximately $3,842,000. Institutional investors and hedge funds own 51.15% of the company’s stock.
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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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