Equities analysts predict that Everbridge Inc (NASDAQ:EVBG) will announce $56.21 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Everbridge’s earnings, with the lowest sales estimate coming in at $56.00 million and the highest estimate coming in at $56.33 million. Everbridge reported sales of $41.83 million during the same quarter last year, which suggests a positive year over year growth rate of 34.4%. The business is scheduled to announce its next earnings report after the market closes on Tuesday, February 18th.
On average, analysts expect that Everbridge will report full year sales of $199.98 million for the current financial year, with estimates ranging from $199.80 million to $200.10 million. For the next fiscal year, analysts anticipate that the company will post sales of $256.48 million, with estimates ranging from $250.50 million to $263.13 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Everbridge.
A number of analysts have weighed in on EVBG shares. Credit Suisse Group restated an “outperform” rating and set a $90.00 target price (down previously from $100.00) on shares of Everbridge in a report on Tuesday, November 5th. BidaskClub lowered Everbridge from a “strong-buy” rating to a “buy” rating in a report on Thursday. Oppenheimer started coverage on Everbridge in a report on Tuesday, January 7th. They set a “hold” rating for the company. Northland Securities restated a “buy” rating and set a $99.00 target price on shares of Everbridge in a report on Tuesday, November 5th. Finally, Canaccord Genuity lowered their target price on Everbridge from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $98.33.
Several institutional investors and hedge funds have recently modified their holdings of EVBG. California Public Employees Retirement System increased its position in shares of Everbridge by 87.4% in 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 acquiring an additional 37,409 shares during the period. Synovus Financial Corp acquired a new position in shares of Everbridge in the 3rd quarter valued at $175,000. Barclays PLC increased its position in shares of Everbridge by 16.1% in the 3rd quarter. Barclays PLC now owns 24,525 shares of the technology company’s stock valued at $1,513,000 after acquiring an additional 3,395 shares during the period. Voloridge Investment Management LLC increased its position in shares of Everbridge by 82.7% in the 3rd quarter. Voloridge Investment Management LLC now owns 41,037 shares of the technology company’s stock valued at $2,532,000 after acquiring an additional 18,580 shares during the period. Finally, Select Equity Group L.P. increased its position in shares of Everbridge by 217.1% in 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 acquiring an additional 1,827,525 shares during the period.
Everbridge stock traded up $0.86 during mid-day trading on Friday, reaching $91.88. 247,759 shares of the company were exchanged, compared to its average volume of 391,734. The business has a fifty day moving average of $87.03 and a 200 day moving average of $80.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $3.08 billion, a P/E ratio of -60.05 and a beta of 0.91. Everbridge has a 12-month low of $59.85 and a 12-month high of $104.22.
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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