Everbridge Inc Forecasted to Post FY2019 Earnings of ($0.43) Per Share (EVBG)

Everbridge Inc (NASDAQ:EVBG) – Equities researchers at KeyCorp issued their FY2019 earnings per share (EPS) estimates for Everbridge in a research report issued on Wednesday. KeyCorp analyst B. Bracelin expects that the technology company will post earnings of ($0.43) per share for the year. KeyCorp has a “Buy” rating and a $37.00 price target on the stock.

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, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The company had revenue of $27.31 million during the quarter, compared to analyst estimates of $26.41 million. Everbridge had a negative return on equity of 29.44% and a negative net margin of 17.10%. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share.

EVBG has been the subject of several other research reports. BidaskClub raised Everbridge from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price target on shares of Everbridge in a research note on Thursday, January 11th. Northland Securities reaffirmed an “outperform” rating and set a $31.00 price target (up previously from $28.00) on shares of Everbridge in a research note on Friday, October 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $33.00 price target (up previously from $28.00) on shares of Everbridge in a research note on Tuesday, November 7th. Finally, William Blair reaffirmed a “buy” rating on shares of Everbridge in a research note on Monday, September 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. Everbridge has a consensus rating of “Buy” and an average price target of $32.11.

Everbridge (NASDAQ EVBG) traded up $0.03 during trading hours on Monday, reaching $32.76. The company had a trading volume of 386,600 shares, compared to its average volume of 317,308. The company has a market capitalization of $925.62, a price-to-earnings ratio of -54.60 and a beta of 1.99. Everbridge has a 12 month low of $16.63 and a 12 month high of $33.23.

A number of large investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its holdings in Everbridge by 196.3% during the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after purchasing an additional 2,885 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Everbridge by 5.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 65,971 shares of the technology company’s stock valued at $1,743,000 after purchasing an additional 3,499 shares during the period. Wells Fargo & Company MN increased its holdings in Everbridge by 21.5% during the 2nd quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock valued at $818,000 after purchasing an additional 5,946 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Everbridge by 77.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,172 shares of the technology company’s stock valued at $345,000 after purchasing an additional 6,177 shares during the period. Finally, Nationwide Fund Advisors increased its holdings in 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 during the period. Institutional investors own 65.98% of the company’s stock.

In related news, CFO Kenneth S. Goldman sold 816 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $32.06, for a total transaction of $26,160.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jaime Wallace Ellertson sold 97,500 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $26.43, for a total value of $2,576,925.00. The disclosure for this sale can be found here. In the last three months, insiders sold 157,828 shares of company stock valued at $4,379,114. 41.40% of the stock is currently owned by corporate insiders.

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About Everbridge

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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