$0.03 EPS Expected for Everbridge Inc (NASDAQ:EVBG) This Quarter
Equities analysts expect that Everbridge Inc (NASDAQ:EVBG) will announce $0.03 earnings per share for the current quarter, according to Zacks. Eight analysts have issued estimates for Everbridge’s earnings. The highest EPS estimate is $0.04 and the lowest is ($0.03). Everbridge reported earnings of ($0.09) per share in the same quarter last year, which suggests a positive year over year growth rate of 133.3%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, February 18th.
According to Zacks, analysts expect that Everbridge will report full year earnings of ($0.23) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.21). For the next fiscal year, analysts expect that the company will post earnings of ($0.06) per share, with EPS estimates ranging from ($0.17) to $0.25. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Everbridge.
Several equities research analysts recently issued reports on EVBG shares. Canaccord Genuity lowered their price objective on Everbridge from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Credit Suisse Group reiterated an “outperform” rating and issued a $90.00 price objective (down from $100.00) on shares of Everbridge in a report on Tuesday, November 5th. Stephens reiterated a “buy” rating and issued a $105.00 price objective on shares of Everbridge in a report on Tuesday, January 14th. Oppenheimer started coverage on Everbridge in a report on Tuesday, January 7th. They issued a “hold” rating on the stock. Finally, Zacks Investment Research cut Everbridge from a “buy” rating to a “hold” rating in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Everbridge currently has a consensus rating of “Buy” and a consensus price target of $98.33.
In other Everbridge news, EVP James Totton sold 21,875 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $91.55, for a total value of $2,002,656.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Elliot J. Mark sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $78.11, for a total transaction of $273,385.00. Following the completion of the transaction, the senior vice president now directly owns 9,624 shares in the company, valued at $751,730.64. The disclosure for this sale can be found here. Insiders sold a total of 105,726 shares of company stock worth $8,956,957 over the last three months. Corporate insiders own 2.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVBG. California Public Employees Retirement System raised its position in shares of Everbridge by 87.4% during the 3rd quarter. California Public Employees Retirement System now owns 80,191 shares of the technology company’s stock valued at $4,949,000 after buying an additional 37,409 shares during the period. Synovus Financial Corp purchased a new stake in shares of Everbridge during the 3rd quarter valued at approximately $175,000. Barclays PLC raised its position in shares of Everbridge by 16.1% during the 3rd quarter. Barclays PLC now owns 24,525 shares of the technology company’s stock valued at $1,513,000 after buying an additional 3,395 shares during the period. Voloridge Investment Management LLC raised its position in shares of Everbridge by 82.7% during the 3rd quarter. Voloridge Investment Management LLC now owns 41,037 shares of the technology company’s stock valued at $2,532,000 after buying an additional 18,580 shares during the period. Finally, Select Equity Group L.P. raised its position in shares of Everbridge by 217.1% during the 3rd quarter. Select Equity Group L.P. now owns 2,669,506 shares of the technology company’s stock valued at $164,735,000 after buying an additional 1,827,525 shares during the period.
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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