$102.01 Million in Sales Expected for Everbridge, Inc. (NASDAQ:EVBG) This Quarter

Wall Street brokerages expect Everbridge, Inc. (NASDAQ:EVBGGet Rating) to post sales of $102.01 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Everbridge’s earnings. The lowest sales estimate is $101.80 million and the highest is $102.20 million. Everbridge posted sales of $86.65 million in the same quarter last year, which would indicate a positive year over year growth rate of 17.7%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Everbridge will report full year sales of $430.18 million for the current financial year, with estimates ranging from $428.20 million to $432.80 million. For the next fiscal year, analysts forecast that the company will post sales of $507.94 million, with estimates ranging from $496.90 million to $515.00 million. Zacks’ sales averages are an average based on a survey of analysts that follow Everbridge.

Everbridge (NASDAQ:EVBGGet Rating) last issued its quarterly earnings results on Monday, May 9th. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.16. Everbridge had a negative return on equity of 9.28% and a negative net margin of 23.82%. The company had revenue of $100.38 million for the quarter, compared to analyst estimates of $98.82 million. During the same period in the previous year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year.

Several research analysts recently commented on the stock. Raymond James reduced their target price on shares of Everbridge from $80.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, February 25th. StockNews.com started coverage on Everbridge in a report on Thursday, March 31st. They issued a “sell” rating for the company. Stephens lowered their target price on Everbridge from $200.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, February 25th. Zacks Investment Research cut Everbridge from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Barclays lowered their price target on Everbridge from $60.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, February 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $73.47.

Shares of EVBG opened at $41.18 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 2.63. Everbridge has a twelve month low of $27.81 and a twelve month high of $167.40. The stock has a market capitalization of $1.63 billion, a P/E ratio of -17.23 and a beta of 0.83. The company has a 50 day moving average of $43.94 and a 200-day moving average of $63.48.

In related news, insider Ajay Nigam sold 3,316 shares of the business’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $39.29, for a total value of $130,285.64. Following the completion of the sale, the insider now directly owns 15,140 shares in the company, valued at approximately $594,850.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vernon Irvin sold 794 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $43.11, for a total value of $34,229.34. Following the completion of the sale, the chief executive officer now owns 2,378 shares of the company’s stock, valued at $102,515.58. The disclosure for this sale can be found here. Insiders have sold a total of 4,474 shares of company stock valued at $180,207 over the last quarter. 0.44% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC boosted its stake in Everbridge by 2,757.1% in the 3rd quarter. Manchester Capital Management LLC now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 193 shares during the period. Assetmark Inc. bought a new stake in shares of Everbridge during the 3rd quarter valued at $72,000. Prospera Financial Services Inc bought a new stake in shares of Everbridge during the 1st quarter valued at $27,000. Steward Partners Investment Advisory LLC lifted its position in shares of Everbridge by 75.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 700 shares of the technology company’s stock valued at $47,000 after acquiring an additional 300 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Everbridge during the 3rd quarter valued at $114,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

About Everbridge (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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