Shares of Eventbrite, Inc. (NYSE:EB – Get Free Report) have been given an average rating of “Hold” by the six analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.58.
Several research firms have recently commented on EB. B. Riley lowered their price target on shares of Eventbrite from $10.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. BWS Financial reissued a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research note on Thursday, October 3rd. Piper Sandler downgraded Eventbrite from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $9.00 to $4.00 in a research report on Friday, August 9th. Truist Financial downgraded shares of Eventbrite from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, KeyCorp cut Eventbrite from an “overweight” rating to a “sector weight” rating in a report on Friday, August 9th.
Check Out Our Latest Report on Eventbrite
Insider Buying and Selling at Eventbrite
Institutional Trading of Eventbrite
Several institutional investors have recently added to or reduced their stakes in EB. Principal Financial Group Inc. bought a new stake in Eventbrite in the 1st quarter valued at about $58,000. Quadrature Capital Ltd acquired a new stake in Eventbrite during the first quarter valued at approximately $64,000. ANTIPODES PARTNERS Ltd bought a new stake in Eventbrite during the first quarter worth approximately $70,000. Public Employees Retirement System of Ohio acquired a new position in Eventbrite in the first quarter worth approximately $102,000. Finally, Entropy Technologies LP acquired a new stake in shares of Eventbrite during the first quarter worth $115,000. Institutional investors own 91.64% of the company’s stock.
Eventbrite Stock Performance
Shares of EB stock opened at $2.90 on Thursday. The company has a market cap of $281.15 million, a price-to-earnings ratio of -15.24 and a beta of 2.32. Eventbrite has a 12-month low of $2.51 and a 12-month high of $9.20. The stock has a 50 day simple moving average of $2.96 and a 200-day simple moving average of $4.30. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 2.04.
Eventbrite (NYSE:EB – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. The business had revenue of $84.55 million for the quarter, compared to analysts’ expectations of $86.15 million. Eventbrite had a negative return on equity of 7.82% and a negative net margin of 4.20%. During the same quarter in the prior year, the firm posted ($0.03) EPS. On average, equities analysts forecast that Eventbrite will post -0.24 EPS for the current year.
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.
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