Brokerages expect Everbridge, Inc. (NASDAQ:EVBG) to report sales of $28.51 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Everbridge’s earnings, with estimates ranging from $28.40 million to $28.60 million. Everbridge posted sales of $21.28 million during the same quarter last year, which suggests a positive year-over-year growth rate of 34%. The company is scheduled to report its next earnings report on Monday, February 26th.

On average, analysts expect that Everbridge will report full-year sales of $28.51 million for the current fiscal year, with estimates ranging from $103.60 million to $103.78 million. For the next financial year, analysts expect that the company will post sales of $130.90 million per share, with estimates ranging from $129.46 million to $133.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Everbridge.

Everbridge (NASDAQ:EVBG) last announced its earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $27.31 million during the quarter, compared to analyst estimates of $26.41 million. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. Everbridge’s revenue was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) EPS.

EVBG has been the subject of several research reports. Canaccord Genuity restated a “buy” rating and set a $33.00 price objective (up previously from $28.00) on shares of Everbridge in a research report on Tuesday, November 7th. Needham & Company LLC raised their price objective on shares of Everbridge from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Stifel Nicolaus raised their price objective on shares of Everbridge from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, September 18th. KeyCorp restated a “buy” rating and set a $27.00 price objective on shares of Everbridge in a research report on Sunday, September 10th. Finally, William Blair restated a “buy” rating on shares of Everbridge in a research report on Monday, September 25th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.00.

In other Everbridge news, SVP Elliot J. Mark sold 1,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.76, for a total transaction of $27,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth S. Goldman sold 11,141 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $26.88, for a total transaction of $299,470.08. The disclosure for this sale can be found here. Insiders have sold 59,807 shares of company stock valued at $1,549,200 over the last ninety days. Insiders own 41.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Gilder Gagnon Howe & Co. LLC lifted its stake in Everbridge by 13.7% during 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 in the last quarter. Vanguard Group Inc. lifted its position in shares of Everbridge by 115.8% in the second quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock worth $16,977,000 after purchasing an additional 373,899 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Everbridge in the third quarter worth approximately $16,417,000. Nicholas Investment Partners LP lifted its position in shares of Everbridge by 21.7% in the third quarter. Nicholas Investment Partners LP now owns 530,969 shares of the technology company’s stock worth $14,028,000 after purchasing an additional 94,790 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Everbridge in the second quarter worth approximately $11,771,000. 55.21% of the stock is owned by institutional investors.

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Everbridge (NASDAQ:EVBG) opened at $27.89 on Thursday. Everbridge has a 12-month low of $14.26 and a 12-month high of $29.99.

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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Earnings History and Estimates for Everbridge (NASDAQ:EVBG)

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