Brokerages forecast that Everbridge Inc (NASDAQ:EVBG) will announce sales of $42.20 million for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Everbridge’s earnings. The highest sales estimate is $42.55 million and the lowest is $42.00 million. Everbridge posted sales of $30.52 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.3%. The firm is expected to report its next earnings report after the market closes on Monday, May 6th.
According to Zacks, analysts expect that Everbridge will report full year sales of $195.54 million for the current financial year, with estimates ranging from $195.10 million to $196.04 million. For the next financial year, analysts anticipate that the company will report sales of $241.10 million, with estimates ranging from $215.55 million to $253.72 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Everbridge.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.01. The firm had revenue of $41.83 million during the quarter, compared to analysts’ expectations of $41.04 million. Everbridge had a negative return on equity of 81.85% and a negative net margin of 32.30%.
In other news, SVP Imad Mouline sold 3,000 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Totton sold 20,916 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $62.52, for a total value of $1,307,668.32. The disclosure for this sale can be found here. Insiders sold 52,738 shares of company stock valued at $3,609,462 in the last ninety days. Company insiders own 2.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group bought a new position in Everbridge in the 3rd quarter worth approximately $8,153,000. Morgan Stanley grew its holdings in Everbridge by 279.2% in the 3rd quarter. Morgan Stanley now owns 356,257 shares of the technology company’s stock worth $20,534,000 after buying an additional 262,312 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Everbridge by 89.5% in the 4th quarter. Bank of New York Mellon Corp now owns 539,073 shares of the technology company’s stock worth $30,598,000 after buying an additional 254,536 shares in the last quarter. Polar Capital LLP grew its holdings in Everbridge by 52.6% in the 4th quarter. Polar Capital LLP now owns 700,538 shares of the technology company’s stock worth $39,763,000 after buying an additional 241,458 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Everbridge by 101.0% in the 4th quarter. Jennison Associates LLC now owns 413,402 shares of the technology company’s stock worth $23,465,000 after buying an additional 207,775 shares in the last quarter. 85.97% of the stock is owned by institutional investors.
EVBG stock traded up $1.19 during midday trading on Friday, hitting $71.12. 363,489 shares of the stock were exchanged, compared to its average volume of 458,886. The stock has a market cap of $2.22 billion, a PE ratio of -49.73 and a beta of 1.02. Everbridge has a fifty-two week low of $36.11 and a fifty-two week high of $76.60. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.35 and a current ratio of 1.35.
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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