Brokerages predict that Everbridge, Inc. (NASDAQ:EVBG) will announce $26.39 million in sales for the current quarter, Zacks reports. Six analysts have made estimates for Everbridge’s earnings, with the lowest sales estimate coming in at $26.31 million and the highest estimate coming in at $26.42 million. Everbridge posted sales of $19.93 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 32.4%. The firm is scheduled to announce its next earnings results on Wednesday, November 1st.
On average, analysts expect that Everbridge will report full-year sales of $26.39 million for the current fiscal year, with estimates ranging from $102.41 million to $102.64 million. For the next year, analysts anticipate that the firm will post sales of $129.09 million per share, with estimates ranging from $126.50 million to $133.11 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Everbridge.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $25 million during the quarter, compared to the consensus estimate of $24.49 million. Everbridge had a negative return on equity of 26.39% and a negative net margin of 16.72%. The business’s revenue was up 34.4% compared to the same quarter last year.
Several equities analysts have recently weighed in on EVBG shares. SunTrust Banks, Inc. started coverage on Everbridge in a research report on Monday, June 26th. They issued a “buy” rating and a $32.00 target price on the stock. Northland Securities started coverage on Everbridge in a research report on Wednesday, August 30th. They issued an “outperform” rating and a $28.00 target price on the stock. Zacks Investment Research downgraded Everbridge from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Canaccord Genuity raised their target price on Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, KeyCorp restated a “buy” rating and issued a $27.00 target price on shares of Everbridge in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. Everbridge currently has a consensus rating of “Buy” and a consensus price target of $25.82.
Everbridge (EVBG) traded down 0.36% on Thursday, hitting $22.26. The stock had a trading volume of 153,414 shares. The firm has a 50-day moving average of $22.85 and a 200 day moving average of $22.53. The company’s market capitalization is $625.39 million. Everbridge has a 52 week low of $11.76 and a 52 week high of $26.87.
In other news, SVP Claudia Dent sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $25.95, for a total value of $103,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Cintawati W. Putra sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $23.50, for a total value of $25,850.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 300,423 shares of company stock worth $7,002,953. Company insiders own 41.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Legal & General Group Plc increased its holdings 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 purchasing an additional 2,885 shares during the last quarter. American International Group Inc. acquired a new stake in shares of Everbridge in the first quarter valued at approximately $108,000. Fortaleza Asset Management Inc. acquired a new stake in shares of Everbridge in the second quarter valued at approximately $166,000. Nationwide Fund Advisors increased its holdings in shares of Everbridge by 210.1% in the second 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 last quarter. Finally, Teachers Advisors LLC acquired a new stake in shares of Everbridge in the fourth quarter valued at approximately $180,000. 51.22% of the stock is owned by hedge funds and other institutional investors.
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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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