Eventbrite, Inc. (NYSE:EB) Receives $6.58 Consensus PT from Analysts

Shares of Eventbrite, Inc. (NYSE:EB) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $6.58.

Separately, BWS Financial restated a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research note on Wednesday, November 13th.

Insider Transactions at Eventbrite

In other news, COO Charles Baker sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the transaction, the chief operating officer now directly owns 617,487 shares in the company, valued at approximately $2,192,078.85. This trade represents a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 21.46% of the company’s stock.

Institutional Investors Weigh In On Eventbrite

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of Eventbrite during the third quarter worth $25,000. Pallas Capital Advisors LLC acquired a new stake in shares of Eventbrite during the fourth quarter worth $37,000. Paloma Partners Management Co acquired a new stake in shares of Eventbrite during the third quarter worth $44,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Eventbrite by 54.8% during the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock worth $64,000 after purchasing an additional 8,307 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Eventbrite during the third quarter worth $70,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Eventbrite Stock Down 4.0 %

Shares of EB opened at $3.49 on Friday. The company’s 50-day simple moving average is $3.55 and its 200-day simple moving average is $3.48. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. Eventbrite has a 1 year low of $2.51 and a 1 year high of $9.20. The stock has a market capitalization of $337.63 million, a PE ratio of -38.72 and a beta of 2.26.

Eventbrite (NYSE:EB) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. The firm had revenue of $77.80 million for the quarter, compared to analyst estimates of $75.75 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. Analysts forecast that Eventbrite will post -0.12 earnings per share for the current fiscal year.

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.