Everbridge, Inc. (NASDAQ:EVBG) Expected to Post Earnings of -$0.11 Per Share


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Equities research analysts predict that Everbridge, Inc. (NASDAQ:EVBG) will announce earnings of ($0.11) per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Everbridge’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.10). Everbridge reported earnings per share of ($0.16) in the same quarter last year, which suggests a positive year-over-year growth rate of 31.3%. The business is expected to announce its next quarterly earnings report on Tuesday, May 4th.

On average, analysts expect that Everbridge will report full year earnings of ($0.22) per share for the current year, with EPS estimates ranging from ($0.25) to ($0.19). For the next financial year, analysts anticipate that the firm will post earnings of $0.03 per share, with EPS estimates ranging from ($0.18) to $0.45. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Everbridge.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Wednesday, February 17th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business had revenue of $75.61 million during the quarter, compared to the consensus estimate of $72.48 million. Everbridge had a negative net margin of 32.43% and a negative return on equity of 18.82%.

Several research firms have recently weighed in on EVBG. Northland Securities lifted their price target on shares of Everbridge from $155.00 to $165.00 in a research note on Friday, February 19th. Credit Suisse Group reaffirmed a “neutral” rating and set a $145.00 price target on shares of Everbridge in a research note on Monday, March 29th. JPMorgan Chase & Co. raised shares of Everbridge from a “neutral” rating to an “overweight” rating and set a $200.00 price target for the company in a research note on Thursday, February 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price target on shares of Everbridge in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Everbridge currently has an average rating of “Buy” and a consensus target price of $161.08.

NASDAQ EVBG traded down $2.70 during trading on Friday, hitting $127.53. The stock had a trading volume of 376,524 shares, compared to its average volume of 505,072. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.83 and a current ratio of 2.83. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of -53.36 and a beta of 0.75. Everbridge has a one year low of $97.57 and a one year high of $178.98. The stock has a 50 day simple moving average of $137.60 and a 200 day simple moving average of $133.87.

In related news, SVP Elliot J. Mark sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 20th. The shares were sold at an average price of $140.48, for a total value of $140,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Patrick Brickley sold 14,032 shares of the business’s stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $132.60, for a total transaction of $1,860,643.20. Following the completion of the transaction, the chief financial officer now directly owns 20,626 shares of the company’s stock, valued at approximately $2,735,007.60. The disclosure for this sale can be found here. Insiders sold 26,026 shares of company stock valued at $3,701,145 in the last three months. 0.75% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Select Equity Group L.P. grew its holdings in Everbridge by 12.1% in the fourth quarter. Select Equity Group L.P. now owns 4,129,350 shares of the technology company’s stock worth $615,562,000 after purchasing an additional 444,788 shares during the last quarter. Sylebra Capital Ltd grew its holdings in shares of Everbridge by 11.8% during the fourth quarter. Sylebra Capital Ltd now owns 1,766,872 shares of the technology company’s stock valued at $263,388,000 after buying an additional 185,953 shares during the last quarter. Polar Capital LLP grew its holdings in shares of Everbridge by 13.1% during the third quarter. Polar Capital LLP now owns 1,072,121 shares of the technology company’s stock valued at $134,798,000 after buying an additional 124,522 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Everbridge during the fourth quarter valued at $97,873,000. Finally, Federated Hermes Inc. grew its holdings in shares of Everbridge by 2.3% during the fourth quarter. Federated Hermes Inc. now owns 655,706 shares of the technology company’s stock valued at $97,746,000 after buying an additional 14,964 shares during the last quarter.

Everbridge Company Profile

Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management that enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.

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