Everbridge (NASDAQ:EVBG) Releases Q4 2021 Earnings Guidance

Everbridge (NASDAQ:EVBG) updated its fourth quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $-0.200-$-0.190 for the period, compared to the Thomson Reuters consensus estimate of $-0.060. The company issued revenue guidance of $102 million-$102.20 million, compared to the consensus revenue estimate of $100.08 million.Everbridge also updated its FY 2021 guidance to $0.090-$0.100 EPS.

Shares of EVBG traded up $5.02 during mid-day trading on Thursday, reaching $113.50. 946,870 shares of the company’s stock were exchanged, compared to its average volume of 453,686. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 1.65. Everbridge has a 52-week low of $105.23 and a 52-week high of $178.98. The company has a market cap of $4.38 billion, a price-to-earnings ratio of -38.61 and a beta of 0.71. The company has a 50-day simple moving average of $146.89 and a two-hundred day simple moving average of $139.75.

Everbridge (NASDAQ:EVBG) last released its earnings results on Tuesday, November 9th. The technology company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.62) by $0.67. Everbridge had a negative net margin of 31.91% and a negative return on equity of 12.68%. During the same period in the previous year, the company posted ($0.33) earnings per share. As a group, equities research analysts predict that Everbridge will post -1.48 EPS for the current fiscal year.

Several equities research analysts have commented on EVBG shares. Needham & Company LLC restated a buy rating and set a $175.00 price target on shares of Everbridge in a research note on Tuesday, August 10th. Barclays initiated coverage on shares of Everbridge in a report on Wednesday, October 20th. They issued an overweight rating and a $185.00 price target on the stock. Stifel Nicolaus boosted their price objective on shares of Everbridge from $175.00 to $185.00 and gave the stock a buy rating in a research note on Tuesday, September 7th. Stephens increased their price objective on shares of Everbridge from $180.00 to $200.00 and gave the stock an overweight rating in a research report on Wednesday, November 10th. Finally, Canaccord Genuity lifted their target price on shares of Everbridge from $170.00 to $200.00 and gave the company a buy rating in a report on Wednesday, November 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $174.50.

In other Everbridge news, CEO David Alexander Meredith sold 24,624 shares of the stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $142.86, for a total transaction of $3,517,784.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ajay Nigam sold 1,203 shares of the company’s stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $155.12, for a total transaction of $186,609.36. Following the sale, the insider now directly owns 2,823 shares of the company’s stock, valued at $437,903.76. The disclosure for this sale can be found here. Insiders have sold a total of 64,845 shares of company stock worth $9,411,429 in the last ninety days. 0.44% of the stock is owned by company insiders.

About Everbridge

Everbridge, Inc engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organizations operational response to critical events. Its SaaS-based CEM platform enables 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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