Analysts Anticipate Everbridge, Inc. (NASDAQ:EVBG) Will Post Quarterly Sales of $24.53 Million
Analysts expect that Everbridge, Inc. (NASDAQ:EVBG) will post $24.53 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Everbridge’s earnings. The lowest sales estimate is $24.50 million and the highest is $24.61 million. The business is expected to announce its next earnings report on Monday, August 14th.
According to Zacks, analysts expect that Everbridge will report full-year sales of $24.53 million for the current financial year, with estimates ranging from $100.70 million to $101.96 million. For the next financial year, analysts expect that the company will post sales of $125.42 million per share, with estimates ranging from $118.30 million to $128.79 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Everbridge.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, May 8th. The technology company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.02. The firm had revenue of $22.80 million for the quarter, compared to analyst estimates of $22.09 million. The firm’s quarterly revenue was up 33.3% compared to the same quarter last year.
A number of analysts recently commented on EVBG shares. Zacks Investment Research lowered Everbridge from a “hold” rating to a “sell” rating in a research report on Monday, March 20th. Pacific Crest reaffirmed a “buy” rating on shares of Everbridge in a research report on Tuesday, May 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $27.00 target price (up from $22.00) on shares of Everbridge in a research report on Tuesday, May 9th. Bank of America Corporation boosted their target price on Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Finally, Needham & Company LLC started coverage on Everbridge in a research report on Monday, April 17th. They issued a “buy” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $24.20.
In other Everbridge news, SVP Claudia Dent sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $25.95, for a total transaction of $103,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cintawati W. Putra sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $23.50, for a total value of $25,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,521,790 shares of company stock valued at $47,994,636 over the last three months. Corporate insiders own 41.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of EVBG. American International Group Inc. bought a new stake in shares of Everbridge during the first quarter worth approximately $108,000. Teachers Advisors LLC bought a new stake in shares of Everbridge during the fourth quarter worth approximately $180,000. Brown Advisory Inc. bought a new stake in shares of Everbridge during the fourth quarter worth approximately $214,000. Parametric Portfolio Associates LLC raised its stake in shares of Everbridge by 6.5% in the first quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock worth $404,000 after buying an additional 1,199 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Everbridge by 45.9% in the first quarter. TIAA CREF Investment Management LLC now owns 21,204 shares of the technology company’s stock worth $435,000 after buying an additional 6,672 shares in the last quarter. 36.04% of the stock is owned by hedge funds and other institutional investors.
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Everbridge (NASDAQ:EVBG) traded up 2.00% on Friday, hitting $23.43. The stock had a trading volume of 131,167 shares. Everbridge has a 52 week low of $11.76 and a 52 week high of $26.87. The company has a 50-day moving average price of $25.09 and a 200-day moving average price of $21.11. The stock’s market capitalization is $652.81 million.
Everbridge Company Profile
Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.
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