Equities analysts expect Everbridge Inc (NASDAQ:EVBG) to announce earnings of ($0.19) per share for the current quarter, Zacks reports. Eight analysts have provided estimates for Everbridge’s earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.20). Everbridge posted earnings of ($0.17) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 11.8%. The business is scheduled to announce its next quarterly earnings report after the market closes on Monday, May 6th.

On average, analysts expect that Everbridge will report full-year earnings of ($0.30) per share for the current fiscal year, with EPS estimates ranging from ($0.44) to ($0.27). For the next fiscal year, analysts forecast that the business will report earnings of ($0.10) per share, with EPS estimates ranging from ($0.24) to $0.21. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Everbridge.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Thursday, February 21st. The technology company reported ($0.28) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.01. Everbridge had a negative net margin of 32.30% and a negative return on equity of 81.85%. The business had revenue of $41.83 million for the quarter, compared to analysts’ expectations of $41.04 million.

EVBG has been the topic of several recent research reports. Needham & Company LLC raised their price target on shares of Everbridge to $75.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. SunTrust Banks lifted their target price on shares of Everbridge to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Canaccord Genuity lifted their target price on shares of Everbridge from $57.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of Everbridge from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday, December 25th. Finally, BidaskClub raised shares of Everbridge from a “hold” rating to a “buy” rating in a research report on Monday, December 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $62.77.

In other Everbridge news, EVP James Totton sold 20,916 shares of Everbridge stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $62.52, for a total transaction of $1,307,668.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Imad Mouline sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $75.10, for a total transaction of $375,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,738 shares of company stock worth $3,609,462. Insiders own 11.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of Everbridge during the 1st quarter worth approximately $30,000. Landsberg Bennett & Dubbaneh LLC increased its stake in shares of Everbridge by 7.6% during the 1st quarter. Landsberg Bennett & Dubbaneh LLC now owns 35,901 shares of the technology company’s stock worth $2,728,000 after purchasing an additional 2,544 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Everbridge during the 1st quarter worth approximately $1,680,000. Handelsinvest Investeringsforvaltning increased its stake in shares of Everbridge by 37.1% during the 1st quarter. Handelsinvest Investeringsforvaltning now owns 36,988 shares of the technology company’s stock worth $2,774,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its stake in shares of Everbridge by 7.9% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 7,988 shares of the technology company’s stock worth $599,000 after purchasing an additional 587 shares during the last quarter. Institutional investors own 85.97% of the company’s stock.

Shares of NASDAQ EVBG opened at $67.38 on Wednesday. Everbridge has a fifty-two week low of $36.11 and a fifty-two week high of $76.60. The stock has a market capitalization of $2.22 billion, a P/E ratio of -47.12 and a beta of 1.02. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 2.23.

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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