Everbridge (NASDAQ:EVBG) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Everbridge (NASDAQ:EVBGGet Rating) issued its quarterly earnings data on Monday. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.16, MarketWatch Earnings reports. Everbridge had a negative return on equity of 8.51% and a negative net margin of 25.73%. The company had revenue of $100.38 million during the quarter, compared to analyst estimates of $98.82 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. Everbridge’s revenue was up 22.1% compared to the same quarter last year.

NASDAQ EVBG opened at $35.82 on Tuesday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -14.27 and a beta of 0.83. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average price of $43.33 and a 200-day moving average price of $69.63. Everbridge has a twelve month low of $27.81 and a twelve month high of $167.40.

In related news, CEO Vernon Irvin sold 794 shares of the business’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $43.11, for a total value of $34,229.34. Following the sale, the chief executive officer now directly owns 2,378 shares in the company, valued at $102,515.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.44% of the company’s stock.

Several large investors have recently bought and sold shares of EVBG. Synovus Financial Corp purchased a new stake in shares of Everbridge in the fourth quarter worth about $322,000. Amalgamated Bank lifted its position in shares of Everbridge by 16.7% in the fourth quarter. Amalgamated Bank now owns 8,101 shares of the technology company’s stock worth $545,000 after buying an additional 1,161 shares in the last quarter. LPL Financial LLC lifted its position in shares of Everbridge by 7.0% in the fourth quarter. LPL Financial LLC now owns 9,005 shares of the technology company’s stock worth $606,000 after buying an additional 587 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Everbridge by 446.7% in the fourth quarter. Virtu Financial LLC now owns 10,841 shares of the technology company’s stock worth $730,000 after buying an additional 8,858 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Everbridge by 25.3% in the fourth quarter. Advisors Asset Management Inc. now owns 23,545 shares of the technology company’s stock worth $1,585,000 after buying an additional 4,753 shares in the last quarter. Institutional investors own 97.63% of the company’s stock.

Several analysts recently commented on the company. Stephens cut their price objective on Everbridge from $200.00 to $58.00 and set an “overweight” rating for the company in a report on Friday, February 25th. Canaccord Genuity Group cut their price target on Everbridge from $178.00 to $59.00 in a report on Friday, February 25th. Bank of America cut their price target on Everbridge from $75.00 to $30.00 and set an “underperform” rating for the company in a report on Friday, February 25th. Canaccord Genuity Group cut their price target on Everbridge from $178.00 to $59.00 and set a “buy” rating for the company in a report on Friday, February 25th. Finally, Raymond James cut their price target on Everbridge from $80.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, February 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.47.

Everbridge Company Profile (Get Rating)

Everbridge, Inc engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization’s operational response to critical events. Its SaaS-based CEM platform enables 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 for Everbridge (NASDAQ:EVBG)

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