Analysts expect Everbridge Inc (NASDAQ:EVBG) to post sales of $47.95 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Everbridge’s earnings, with estimates ranging from $47.80 million to $48.10 million. Everbridge reported sales of $35.82 million in the same quarter last year, which indicates a positive year-over-year growth rate of 33.9%. The company is scheduled to report its next quarterly earnings report on Monday, August 5th.
According to Zacks, analysts expect that Everbridge will report full-year sales of $196.89 million for the current year, with estimates ranging from $196.40 million to $197.40 million. For the next year, analysts expect that the business will post sales of $246.87 million, with estimates ranging from $237.77 million to $254.98 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Everbridge.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Monday, May 6th. The technology company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.09. Everbridge had a negative return on equity of 52.04% and a negative net margin of 30.93%. The company had revenue of $42.82 million during the quarter, compared to analyst estimates of $42.23 million. During the same quarter last year, the firm posted ($0.17) EPS. The firm’s revenue for the quarter was up 40.3% on a year-over-year basis.
EVBG traded up $1.37 during trading hours on Tuesday, hitting $84.75. The stock had a trading volume of 601,184 shares, compared to its average volume of 666,045. Everbridge has a 1 year low of $41.94 and a 1 year high of $85.55. The firm has a market cap of $2.79 billion, a P/E ratio of -59.27 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.42 and a current ratio of 2.42.
In other news, insider Robert W. Hughes sold 12,822 shares of Everbridge stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $72.45, for a total transaction of $928,953.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Elliot J. Mark sold 1,609 shares of Everbridge stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $75.00, for a total value of $120,675.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 356,865 shares of company stock valued at $28,578,259. Corporate insiders own 2.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of EVBG. Advisor Group Inc. raised its holdings in shares of Everbridge by 32.3% during the 1st quarter. Advisor Group Inc. now owns 1,193 shares of the technology company’s stock valued at $90,000 after buying an additional 291 shares in the last quarter. Strs Ohio purchased a new position in shares of Everbridge during the 1st quarter valued at about $30,000. Resources Investment Advisors Inc. raised its holdings in shares of Everbridge by 32.7% during the 4th quarter. Resources Investment Advisors Inc. now owns 2,029 shares of the technology company’s stock valued at $115,000 after buying an additional 500 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Everbridge by 281.6% during the 4th quarter. Bank of Montreal Can now owns 706 shares of the technology company’s stock valued at $40,000 after buying an additional 521 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Everbridge by 1.1% during the 4th quarter. New York State Common Retirement Fund now owns 51,687 shares of the technology company’s stock valued at $2,934,000 after buying an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 96.93% of the company’s stock.
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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