B. Riley Issues Pessimistic Forecast for Eventbrite Earnings

Eventbrite, Inc. (NYSE:EB) – Research analysts at B. Riley lowered their FY2026 EPS estimates for shares of Eventbrite in a research report issued to clients and investors on Sunday, May 11th. B. Riley analyst N. Khan now expects that the company will earn $0.01 per share for the year, down from their previous estimate of $0.02. B. Riley has a “Neutral” rating and a $3.50 price target on the stock. The consensus estimate for Eventbrite’s current full-year earnings is ($0.12) per share. B. Riley also issued estimates for Eventbrite’s FY2029 earnings at $0.13 EPS.

Eventbrite (NYSE:EB) last released its earnings results on Thursday, May 8th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. The firm had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $72.88 million.

Separately, BWS Financial reiterated a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.25.

Eventbrite Stock Performance

Shares of Eventbrite stock opened at $2.41 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The stock’s fifty day moving average is $2.18 and its two-hundred day moving average is $2.99. Eventbrite has a 52 week low of $1.81 and a 52 week high of $5.92. The company has a market capitalization of $228.06 million, a PE ratio of -26.78 and a beta of 2.02.

Institutional Trading of Eventbrite

Large investors have recently modified their holdings of the company. Nantahala Capital Management LLC increased its holdings in Eventbrite by 76.5% during the 4th quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock worth $19,928,000 after purchasing an additional 2,569,747 shares during the period. Winslow Capital Management LLC purchased a new position in shares of Eventbrite during the fourth quarter valued at $7,962,000. Two Sigma Investments LP raised its holdings in shares of Eventbrite by 151.7% in the fourth quarter. Two Sigma Investments LP now owns 1,228,930 shares of the company’s stock valued at $4,129,000 after acquiring an additional 740,717 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Eventbrite by 58.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,312,100 shares of the company’s stock worth $4,409,000 after acquiring an additional 484,800 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Eventbrite by 550.0% during the 4th quarter. Alliancebernstein L.P. now owns 503,750 shares of the company’s stock worth $1,693,000 after acquiring an additional 426,250 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.