Everbridge (NASDAQ:EVBG) issued an update on its FY 2021 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of -0.200–0.160 for the period, compared to the Thomson Reuters consensus estimate of $-0.230. The company issued revenue guidance of $358 million-$359.60 million, compared to the consensus revenue estimate of $343.09 million.Everbridge also updated its Q2 2021 guidance to -0.230–0.220 EPS.
Several brokerages have recently commented on EVBG. Credit Suisse Group reissued a neutral rating and issued a $145.00 price objective on shares of Everbridge in a research note on Monday, March 29th. Needham & Company LLC restated a buy rating and set a $175.00 price objective on shares of Everbridge in a research note on Wednesday, April 7th. Northland Securities upped their target price on shares of Everbridge from $155.00 to $165.00 in a research note on Friday, February 19th. Zacks Investment Research raised shares of Everbridge from a hold rating to a buy rating and set a $148.00 price target on the stock in a research report on Wednesday, April 21st. Finally, Raymond James reduced their price objective on shares of Everbridge from $165.00 to $140.00 and set an outperform rating for the company in a research report on Monday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $164.30.
NASDAQ EVBG traded up $4.04 on Thursday, hitting $117.40. The stock had a trading volume of 450,072 shares, compared to its average volume of 530,190. Everbridge has a 52-week low of $100.17 and a 52-week high of $178.98. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.83 and a current ratio of 2.83. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of -49.12 and a beta of 0.75. The firm has a 50-day moving average of $126.45 and a 200-day moving average of $134.45.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, May 10th. The technology company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.29. The firm had revenue of $82.20 million for the quarter, compared to analysts’ expectations of $75.61 million. Everbridge had a negative net margin of 32.43% and a negative return on equity of 18.82%. The business’s quarterly revenue was up 39.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.16) EPS. As a group, research analysts anticipate that Everbridge will post -1.43 earnings per share for the current fiscal year.
In related news, CFO Patrick Brickley sold 5,964 shares of the stock in a transaction on Friday, February 19th. The shares were sold at an average price of $160.46, for a total transaction of $956,983.44. Following the transaction, the chief financial officer now owns 630 shares of the company’s stock, valued at approximately $101,089.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 22,479 shares of company stock worth $2,955,398. 0.75% of the stock is owned by insiders.
About Everbridge
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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