Everbridge Inc (NASDAQ:EVBG) – William Blair issued their FY2018 EPS estimates for shares of Everbridge in a research report issued on Tuesday, November 6th, according to Zacks Investment Research. William Blair analyst B. Suri forecasts that the technology company will post earnings of ($1.53) per share for the year. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Everbridge’s Q4 2018 earnings at ($0.38) EPS, Q1 2019 earnings at ($0.29) EPS, Q2 2019 earnings at ($0.25) EPS, Q3 2019 earnings at ($0.23) EPS, Q4 2019 earnings at ($0.20) EPS and FY2019 earnings at ($0.98) EPS.
Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Everbridge from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Thursday. BidaskClub cut shares of Everbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, Robert W. Baird began coverage on shares of Everbridge in a research note on Monday, October 22nd. They issued an “outperform” rating and a $60.00 price target on the stock. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $54.20.
Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, November 5th. The technology company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. Everbridge had a negative net margin of 32.34% and a negative return on equity of 70.30%. The company had revenue of $38.90 million for the quarter, compared to analysts’ expectations of $38.09 million. During the same quarter in the previous year, the company earned ($0.02) EPS. Everbridge’s revenue for the quarter was up 42.5% on a year-over-year basis.
In other news, SVP Elliot J. Mark sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $60.28, for a total value of $210,980.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kenneth S. Goldman sold 815 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $48.58, for a total transaction of $39,592.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,431 shares of company stock worth $4,390,644. Corporate insiders own 11.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Fred Alger Management Inc. increased its holdings in shares of Everbridge by 12.7% in the 2nd quarter. Fred Alger Management Inc. now owns 1,886,522 shares of the technology company’s stock worth $89,459,000 after buying an additional 212,555 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Everbridge by 10.4% in the 3rd quarter. BlackRock Inc. now owns 1,767,668 shares of the technology company’s stock worth $101,889,000 after buying an additional 166,756 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Everbridge by 14.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,263,119 shares of the technology company’s stock worth $72,807,000 after buying an additional 162,373 shares during the last quarter. Capital Research Global Investors bought a new stake in shares of Everbridge in the 3rd quarter worth about $53,806,000. Finally, Light Street Capital Management LLC bought a new stake in shares of Everbridge in the 2nd quarter worth about $33,008,000. Hedge funds and other institutional investors own 92.40% of the company’s stock.
Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which 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, which 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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