Q1 2018 EPS Estimates for Everbridge, Inc. (EVBG) Lowered by Analyst
Everbridge, Inc. (NASDAQ:EVBG) – Investment analysts at William Blair reduced their Q1 2018 earnings estimates for shares of Everbridge in a note issued to investors on Tuesday. William Blair analyst D. Netis now forecasts that the technology company will earn ($0.18) per share for the quarter, down from their prior forecast of ($0.17). William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Everbridge’s Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.05) EPS and FY2018 earnings at ($0.43) EPS.
EVBG has been the topic of a number of other research reports. KeyCorp reiterated a “buy” rating and issued a $27.00 target price on shares of Everbridge in a research report on Friday, August 4th. Canaccord Genuity reiterated a “buy” rating and issued a $33.00 target price (up previously from $28.00) on shares of Everbridge in a research report on Tuesday, November 7th. Northland Securities reiterated an “outperform” rating and issued a $31.00 target price (up previously from $28.00) on shares of Everbridge in a research report on Friday, October 13th. Needham & Company LLC lifted their target price on shares of Everbridge from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Finally, ValuEngine upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Everbridge currently has an average rating of “Buy” and an average target price of $31.00.
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Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. 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 firm posted ($0.07) EPS. The firm’s revenue was up 37.0% compared to the same quarter last year.
Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its position in shares of Everbridge by 196.3% in the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after acquiring an additional 2,885 shares during the period. American International Group Inc. bought a new stake in shares of Everbridge during the 1st quarter valued at about $108,000. Fortaleza Asset Management Inc. bought a new stake in shares of Everbridge during the 2nd quarter valued at about $166,000. Nationwide Fund Advisors boosted its stake in shares of Everbridge by 210.1% during the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock valued at $234,000 after purchasing an additional 6,497 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Everbridge during the 2nd quarter valued at about $288,000. Hedge funds and other institutional investors own 55.21% of the company’s stock.
In other Everbridge news, SVP Scott Burnett sold 8,695 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $23.38, for a total value of $203,289.10. Following the transaction, the senior vice president now owns 199 shares in the company, valued at $4,652.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Yuan Cheng sold 11,000 shares of the business’s stock in a transaction dated 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 59,807 shares of company stock worth $1,549,200 in the last 90 days. Corporate insiders own 41.40% of the company’s stock.
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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