$47.95 Million in Sales Expected for Everbridge Inc (EVBG) This Quarter

Analysts expect that Everbridge Inc (NASDAQ:EVBG) will announce $47.95 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Everbridge’s earnings. The highest sales estimate is $48.10 million and the lowest is $47.80 million. Everbridge posted sales of $35.82 million in the same quarter last year, which suggests a positive year over year growth rate of 33.9%. The company is expected to issue its next earnings results on Monday, August 5th.

According to Zacks, analysts expect that Everbridge will report full-year sales of $196.89 million for the current fiscal year, with estimates ranging from $196.40 million to $197.40 million. For the next fiscal year, analysts expect that the company will report sales of $246.87 million, with estimates ranging from $237.77 million to $254.98 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Everbridge.

Everbridge (NASDAQ:EVBG) last announced its earnings results on Monday, May 6th. The technology company reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.09. Everbridge had a negative return on equity of 89.48% and a negative net margin of 30.93%. The firm had revenue of $42.82 million during the quarter, compared to the consensus estimate of $42.23 million. During the same quarter in the prior year, the company earned ($0.17) EPS. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year.

Several brokerages recently weighed in on EVBG. BidaskClub upgraded Everbridge from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. Bank of America restated a “buy” rating and set a $85.00 target price (up previously from $78.00) on shares of Everbridge in a research note on Tuesday, May 7th. SunTrust Banks increased their target price on Everbridge to $87.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Zacks Investment Research raised Everbridge from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Stephens reaffirmed a “buy” rating and issued a $74.00 price target on shares of Everbridge in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $76.00.

In other news, SVP Imad Mouline sold 3,000 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $64.67, for a total value of $194,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert W. Hughes sold 12,822 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $72.45, for a total value of $928,953.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,306 shares of company stock valued at $4,397,438. 2.20% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Everbridge by 6.5% during the 1st quarter. BlackRock Inc. now owns 2,005,157 shares of the technology company’s stock valued at $150,406,000 after purchasing an additional 121,779 shares in the last quarter. Vanguard Group Inc increased its holdings in Everbridge by 14.8% during the 3rd quarter. Vanguard Group Inc now owns 1,263,119 shares of the technology company’s stock valued at $72,807,000 after purchasing an additional 162,373 shares in the last quarter. Vanguard Group Inc. increased its holdings in Everbridge by 14.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,263,119 shares of the technology company’s stock valued at $72,807,000 after purchasing an additional 162,373 shares in the last quarter. Polar Capital LLP increased its holdings in Everbridge by 52.6% during the 4th quarter. Polar Capital LLP now owns 700,538 shares of the technology company’s stock valued at $39,763,000 after purchasing an additional 241,458 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Everbridge by 89.5% during the 4th quarter. Bank of New York Mellon Corp now owns 539,073 shares of the technology company’s stock valued at $30,598,000 after purchasing an additional 254,536 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:EVBG traded up $1.85 during mid-day trading on Friday, hitting $81.68. 6,025 shares of the company’s stock traded hands, compared to its average volume of 414,513. Everbridge has a 12 month low of $40.91 and a 12 month high of $80.69. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -57.31 and a beta of 0.93. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 2.23.

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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