Everbridge, Inc. (EVBG) to Post FY2019 Earnings of ($0.18) Per Share, SunTrust Banks Forecasts
Everbridge, Inc. (NASDAQ:EVBG) – Investment analysts at SunTrust Banks issued their FY2019 earnings estimates for shares of Everbridge in a research report issued on Monday. SunTrust Banks analyst T. Tillman anticipates that the technology company will post earnings per share of ($0.18) for the year.
Several other equities analysts also recently weighed in on EVBG. Canaccord Genuity reiterated a “buy” rating and issued a $33.00 price target (up previously from $28.00) on shares of Everbridge in a report on Tuesday. Needham & Company LLC increased their price target on shares of Everbridge from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. KeyCorp increased their price target on shares of Everbridge from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday. Northland Securities reiterated an “outperform” rating and issued a $31.00 price target (up previously from $28.00) on shares of Everbridge in a report on Friday, October 13th. Finally, ValuEngine upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $30.75.
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Shares of Everbridge (NASDAQ:EVBG) traded down $0.46 during trading on Thursday, hitting $27.32. The stock had a trading volume of 172,355 shares, compared to its average volume of 247,165. Everbridge has a 1-year low of $13.77 and a 1-year high of $29.64.
Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. Everbridge had a negative return on equity of 30.28% and a negative net margin of 17.10%. The company had revenue of $27.31 million during the quarter, compared to the consensus estimate of $26.41 million. During the same period in the previous year, the company posted ($0.07) EPS. Everbridge’s revenue was up 37.0% compared to the same quarter last year.
In related news, SVP Scott Burnett sold 9,000 shares of Everbridge stock in a transaction on Monday, October 16th. The shares were sold at an average price of $26.91, for a total value of $242,190.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Yuan Cheng sold 11,000 shares of Everbridge stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $27.37, for a total transaction of $301,070.00. The disclosure for this sale can be found here. Insiders sold a total of 81,751 shares of company stock worth $2,033,059 in the last three months. 41.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new stake in Everbridge in the 3rd quarter valued at $845,000. Wasatch Advisors Inc. lifted its holdings in Everbridge by 40.9% in the 3rd quarter. Wasatch Advisors Inc. now owns 112,729 shares of the technology company’s stock valued at $2,978,000 after purchasing an additional 32,729 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Everbridge by 29.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 386,883 shares of the technology company’s stock valued at $10,222,000 after purchasing an additional 88,122 shares in the last quarter. Hood River Capital Management LLC purchased a new position in Everbridge in the 3rd quarter valued at $12,288,000. Finally, Bank of New York Mellon Corp lifted its holdings in Everbridge by 100.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 397,691 shares of the technology company’s stock valued at $10,507,000 after purchasing an additional 199,004 shares in the last quarter. 51.93% of the stock is currently owned by hedge funds and other institutional investors.
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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