Eventbrite (EB) Scheduled to Post Quarterly Earnings on Thursday

Eventbrite (NYSE:EB) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Eventbrite has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Eventbrite (NYSE:EB) last announced its earnings results on Tuesday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Eventbrite had a negative return on equity of 14.87% and a negative net margin of 8.12%. The business had revenue of $87.76 million for the quarter, compared to analyst estimates of $88.45 million. On average, analysts expect Eventbrite to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Eventbrite Stock Down 2.2 %

Shares of Eventbrite stock opened at $5.26 on Thursday. The business’s 50 day simple moving average is $6.09 and its 200 day simple moving average is $7.34. Eventbrite has a 52-week low of $5.00 and a 52-week high of $11.90. The firm has a market cap of $535.83 million, a PE ratio of -19.48 and a beta of 2.51. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.99 and a current ratio of 1.99.

Analyst Ratings Changes

EB has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on Eventbrite from $11.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 28th. Piper Sandler decreased their price target on Eventbrite from $13.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Finally, Truist Financial reduced their target price on Eventbrite from $17.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Eventbrite has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Insider Activity at Eventbrite

In related news, CFO Charles Baker sold 20,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $5.52, for a total value of $110,400.00. Following the completion of the sale, the chief financial officer now directly owns 357,839 shares in the company, valued at approximately $1,975,271.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.28% of the stock is currently owned by corporate insiders.

Eventbrite Company Profile

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.