Eventbrite’s (EB) Buy Rating Reaffirmed at BWS Financial

BWS Financial restated their buy rating on shares of Eventbrite (NYSE:EB) in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a $12.00 target price on the stock.

Several other analysts have also recently commented on the stock. KeyCorp decreased their price target on shares of Eventbrite from $13.00 to $6.00 and set an overweight rating on the stock in a research note on Tuesday, April 30th. Morgan Stanley decreased their price target on shares of Eventbrite from $9.00 to $6.50 and set an equal weight rating on the stock in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $9.93.

Eventbrite Price Performance

Shares of Eventbrite stock opened at $5.16 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $501.09 million, a price-to-earnings ratio of -27.16 and a beta of 2.34. Eventbrite has a 1-year low of $4.46 and a 1-year high of $11.90. The firm’s 50-day moving average price is $4.98 and its two-hundred day moving average price is $6.07.

Eventbrite (NYSE:EB) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Eventbrite had a negative net margin of 5.47% and a negative return on equity of 10.00%. The firm had revenue of $86.25 million for the quarter, compared to analysts’ expectations of $85.26 million. On average, equities analysts predict that Eventbrite will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eventbrite

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in Eventbrite by 3.5% in the fourth quarter. BNP Paribas Financial Markets now owns 71,858 shares of the company’s stock worth $601,000 after purchasing an additional 2,425 shares during the period. Legato Capital Management LLC raised its holdings in Eventbrite by 18.2% in the fourth quarter. Legato Capital Management LLC now owns 20,442 shares of the company’s stock worth $171,000 after purchasing an additional 3,141 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Eventbrite by 10.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,805 shares of the company’s stock worth $291,000 after purchasing an additional 3,311 shares during the period. Mine & Arao Wealth Creation & Management LLC. acquired a new stake in Eventbrite in the fourth quarter worth $33,000. Finally, Swiss National Bank raised its holdings in Eventbrite by 3.1% in the first quarter. Swiss National Bank now owns 159,300 shares of the company’s stock worth $873,000 after purchasing an additional 4,800 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

About Eventbrite

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.