Equities analysts expect Everbridge, Inc. (NASDAQ:EVBG) to announce ($0.11) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Everbridge’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.12). Everbridge posted earnings of ($0.16) per share during the same quarter last year, which indicates a positive year over year growth rate of 31.3%. The business is expected to announce its next earnings report on Tuesday, May 4th.
According to Zacks, analysts expect that Everbridge will report full-year earnings of ($0.22) per share for the current year, with EPS estimates ranging from ($0.25) to ($0.19). For the next year, analysts anticipate that the business will report earnings of $0.03 per share, with EPS estimates ranging from ($0.18) to $0.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Everbridge.
Everbridge (NASDAQ:EVBG) last posted its earnings results on Wednesday, February 17th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $75.61 million during the quarter, compared to the consensus estimate of $72.48 million. Everbridge had a negative return on equity of 18.82% and a negative net margin of 32.43%.
EVBG has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded Everbridge from a “neutral” rating to an “overweight” rating and set a $200.00 price target on the stock in a report on Thursday, February 25th. Needham & Company LLC restated a “buy” rating and set a $175.00 price target on shares of Everbridge in a report on Wednesday. Credit Suisse Group restated a “neutral” rating and set a $145.00 price target on shares of Everbridge in a report on Monday, March 29th. Finally, Northland Securities increased their price target on Everbridge from $155.00 to $165.00 in a report on Friday, February 19th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $161.08.
Shares of NASDAQ EVBG traded up $6.53 during midday trading on Friday, reaching $131.47. 5,756 shares of the stock traded hands, compared to its average volume of 503,827. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.83 and a quick ratio of 2.83. The stock has a market capitalization of $4.94 billion, a PE ratio of -55.07 and a beta of 0.75. Everbridge has a one year low of $96.64 and a one year high of $178.98. The company’s 50 day moving average is $138.03 and its 200 day moving average is $133.94.
In other Everbridge news, CFO Patrick Brickley sold 5,964 shares of the stock in a transaction on Friday, February 19th. The stock was sold at an average price of $160.46, for a total value of $956,983.44. Following the sale, the chief financial officer now owns 630 shares in the company, valued at $101,089.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Elliot J. Mark sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 20th. The shares were sold at an average price of $140.48, for a total value of $140,480.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,026 shares of company stock worth $3,701,145. Insiders own 0.75% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of Everbridge by 83.0% during the fourth quarter. Huntington National Bank now owns 183 shares of the technology company’s stock valued at $27,000 after buying an additional 83 shares during the period. Amalgamated Bank increased its stake in shares of Everbridge by 1.7% during the fourth quarter. Amalgamated Bank now owns 7,056 shares of the technology company’s stock valued at $1,052,000 after buying an additional 115 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Everbridge by 4.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 2,880 shares of the technology company’s stock valued at $429,000 after buying an additional 125 shares during the period. US Bancorp DE increased its stake in shares of Everbridge by 2.7% during the third quarter. US Bancorp DE now owns 4,796 shares of the technology company’s stock valued at $603,000 after buying an additional 126 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Everbridge by 6.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,511 shares of the technology company’s stock valued at $374,000 after buying an additional 160 shares during the period.
Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management that enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.
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