Everbridge (NASDAQ:EVBG) Updates Q2 Earnings Guidance

Everbridge (NASDAQ:EVBGGet Rating) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of ($0.13-0.11) for the period, compared to the consensus EPS estimate of $0.02. The company issued revenue guidance of $101.8-102.2 million, compared to the consensus revenue estimate of $102.00 million.Everbridge also updated its FY 2022 guidance to $0.23-$0.27 EPS.

EVBG has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on Everbridge from $50.00 to $36.00 and set an equal weight rating for the company in a report on Friday, February 25th. Zacks Investment Research upgraded shares of Everbridge from a hold rating to a buy rating and set a $58.00 price objective on the stock in a report on Friday, April 15th. Barclays lowered their price target on shares of Everbridge from $60.00 to $40.00 and set an equal weight rating on the stock in a report on Monday, February 28th. Stephens dropped their price objective on shares of Everbridge from $200.00 to $58.00 and set an overweight rating for the company in a report on Friday, February 25th. Finally, Canaccord Genuity Group reduced their price target on shares of Everbridge from $178.00 to $59.00 in a research report on Friday, February 25th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $73.47.

Everbridge stock traded up $1.76 during midday trading on Tuesday, reaching $37.58. The company had a trading volume of 46,392 shares, compared to its average volume of 1,267,343. Everbridge has a 12-month low of $27.81 and a 12-month high of $167.40. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.15 and a quick ratio of 2.15. The firm’s fifty day simple moving average is $43.33 and its 200-day simple moving average is $69.63. The company has a market capitalization of $1.48 billion, a P/E ratio of -14.86 and a beta of 0.83.

Everbridge (NASDAQ:EVBGGet Rating) last posted its quarterly earnings results on Monday, May 9th. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.16. The company had revenue of $100.38 million for the quarter, compared to the consensus estimate of $98.82 million. Everbridge had a negative net margin of 25.73% and a negative return on equity of 8.51%. Everbridge’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.13) earnings per share. On average, analysts expect that Everbridge will post -1.74 EPS for the current fiscal year.

In other news, CEO Vernon Irvin sold 794 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $43.11, for a total transaction of $34,229.34. Following the completion of the transaction, the chief executive officer now directly owns 2,378 shares of the company’s stock, valued at approximately $102,515.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. LPL Financial LLC boosted its position in 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 purchasing an additional 587 shares during the last quarter. Amalgamated Bank lifted its position in Everbridge by 16.7% during 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. Advisors Asset Management Inc. grew its stake 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 valued at $1,585,000 after buying an additional 4,753 shares in the last quarter. Synovus Financial Corp purchased a new stake in shares of Everbridge in the 4th quarter valued at about $322,000. Finally, Virtu Financial LLC increased its position in Everbridge by 446.7% during the 4th quarter. Virtu Financial LLC now owns 10,841 shares of the technology company’s stock worth $730,000 after purchasing an additional 8,858 shares during the period. 97.63% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

Receive News & Ratings for Everbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge and related companies with MarketBeat.com's FREE daily email newsletter.