Everbridge Inc (NASDAQ:EVBG) Expected to Earn FY2018 Earnings of ($1.42) Per Share

Everbridge Inc (NASDAQ:EVBG) – KeyCorp increased their FY2018 earnings per share (EPS) estimates for shares of Everbridge in a report issued on Tuesday, November 6th, according to Zacks Investment Research. KeyCorp analyst B. Bracelin now expects that the technology company will post earnings of ($1.42) per share for the year, up from their previous estimate of ($1.61). KeyCorp also issued estimates for Everbridge’s Q4 2018 earnings at ($0.28) EPS, Q1 2019 earnings at ($0.36) EPS, Q2 2019 earnings at ($0.36) EPS, Q3 2019 earnings at ($0.33) EPS, Q4 2019 earnings at ($0.32) EPS and FY2019 earnings at ($1.36) EPS.

EVBG has been the subject of a number of other reports. BidaskClub raised Everbridge from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 6th. Robert W. Baird assumed coverage on Everbridge in a report on Monday, October 22nd. They set an “outperform” rating and a $60.00 price objective on the stock. Finally, Zacks Investment Research raised Everbridge from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Friday, November 9th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Everbridge presently has a consensus rating of “Buy” and an average target price of $54.20.

EVBG traded up $1.34 during midday trading on Friday, reaching $56.11. The company had a trading volume of 459,229 shares, compared to its average volume of 352,803. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -98.44 and a beta of 1.59. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.95. Everbridge has a 1 year low of $23.87 and a 1 year high of $63.00.

Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, November 5th. The technology company reported ($0.23) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.05. Everbridge had a negative return on equity of 70.30% and a negative net margin of 32.34%. The business had revenue of $38.90 million for the quarter, compared to the consensus estimate of $38.09 million. During the same period in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 42.5% compared to the same quarter last year.

Large investors have recently bought and sold shares of the stock. California Public Employees Retirement System purchased a new stake in Everbridge during the 1st quarter worth $375,000. Royal Bank of Canada lifted its stake in shares of Everbridge by 86,874.8% in the 1st quarter. Royal Bank of Canada now owns 207,000 shares of the technology company’s stock worth $7,576,000 after acquiring an additional 206,762 shares during the period. Fisher Asset Management LLC bought a new stake in shares of Everbridge in the 2nd quarter worth approximately $311,000. Fred Alger Management Inc. raised 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 purchasing an additional 212,555 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Everbridge by 18.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 315,768 shares of the technology company’s stock valued at $14,974,000 after acquiring an additional 50,186 shares during the period. Institutional investors and hedge funds own 92.40% of the company’s stock.

In other Everbridge news, EVP James Totton sold 16,418 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $59.66, for a total value of $979,497.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert W. Hughes sold 23,700 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $60.68, for a total transaction of $1,438,116.00. The disclosure for this sale can be found here. Insiders have sold 74,431 shares of company stock worth $4,390,644 in the last ninety days. Corporate insiders own 11.20% of the company’s stock.

About Everbridge

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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