-$0.09 Earnings Per Share Expected for Everbridge, Inc. (NASDAQ:EVBG) This Quarter

Equities analysts expect Everbridge, Inc. (NASDAQ:EVBGGet Rating) to post earnings per share (EPS) of ($0.09) for the current quarter, Zacks reports. Six analysts have made estimates for Everbridge’s earnings. The lowest EPS estimate is ($0.13) and the highest is $0.03. Everbridge posted earnings per share of $0.03 in the same quarter last year, which would indicate a negative year over year growth rate of 400%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Everbridge will report full-year earnings of $0.25 per share for the current year, with EPS estimates ranging from $0.23 to $0.26. For the next fiscal year, analysts forecast that the company will report earnings of $0.64 per share, with EPS estimates ranging from $0.30 to $1.03. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Everbridge.

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

A number of brokerages recently issued reports on EVBG. Stephens reduced their price target on Everbridge from $200.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, February 25th. Stifel Nicolaus reduced their target price on Everbridge from $100.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, February 25th. Barclays reduced their target price on Everbridge from $60.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, February 28th. Canaccord Genuity Group reduced their target price on Everbridge from $178.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Finally, Bank of America reduced their target price on Everbridge from $75.00 to $30.00 and set an “underperform” rating on the stock in a report on Friday, February 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Everbridge currently has a consensus rating of “Hold” and an average price target of $73.47.

In other news, CEO Vernon Irvin sold 794 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 2,378 shares in the company, valued at approximately $102,515.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ajay Nigam sold 3,316 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were 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 owns 15,140 shares of the company’s stock, valued at $594,850.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,474 shares of company stock valued at $180,207. Corporate insiders own 0.44% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its stake in Everbridge by 71.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 168 shares of the technology company’s stock valued at $36,000 after purchasing an additional 70 shares during the last quarter. Utah Retirement Systems boosted its stake in Everbridge by 5.3% during the 3rd quarter. Utah Retirement Systems now owns 2,000 shares of the technology company’s stock valued at $302,000 after purchasing an additional 100 shares during the last quarter. Captrust Financial Advisors boosted its stake in Everbridge by 2.0% during the 3rd quarter. Captrust Financial Advisors now owns 7,801 shares of the technology company’s stock valued at $1,178,000 after purchasing an additional 151 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in Everbridge by 2.0% during the 3rd quarter. Ensign Peak Advisors Inc now owns 8,519 shares of the technology company’s stock valued at $1,287,000 after purchasing an additional 167 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of Everbridge by 2,757.1% in the 3rd quarter. Manchester Capital Management LLC now owns 200 shares of the technology company’s stock worth $30,000 after buying an additional 193 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

Shares of NASDAQ:EVBG opened at $41.18 on Thursday. The company has a market capitalization of $1.63 billion, a P/E ratio of -17.23 and a beta of 0.83. Everbridge has a 1 year low of $27.81 and a 1 year high of $167.40. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.08 and a quick ratio of 2.08. The business’s 50 day simple moving average is $43.94 and its 200 day simple moving average is $62.83.

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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