Shares of Eventbrite, Inc. (NYSE:EB – Get Free Report) have received an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Four equities research 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 covered the stock in the last year is $6.58.
Several brokerages have commented on EB. KeyCorp downgraded shares of Eventbrite from an “overweight” rating to a “sector weight” rating in a report on Friday, August 9th. Truist Financial downgraded shares of Eventbrite from a “buy” rating to a “hold” rating in a report on Friday, August 9th. B. Riley cut their price target on shares of Eventbrite from $10.00 to $5.00 and set a “buy” rating for the company in a report on Friday, August 9th. Piper Sandler downgraded shares of Eventbrite from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $9.00 to $4.00 in a report on Friday, August 9th. Finally, BWS Financial reaffirmed a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a report on Thursday, October 3rd.
Read Our Latest Stock Analysis on EB
Insider Transactions at Eventbrite
Hedge Funds Weigh In On Eventbrite
A number of hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. purchased a new position in shares of Eventbrite during the first quarter valued at about $58,000. Quadrature Capital Ltd purchased a new position in shares of Eventbrite during the first quarter valued at about $64,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Eventbrite during the first quarter valued at about $70,000. Public Employees Retirement System of Ohio purchased a new position in shares of Eventbrite during the first quarter valued at about $102,000. Finally, Entropy Technologies LP purchased a new position in shares of Eventbrite during the first quarter valued at about $115,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.
Eventbrite Stock Up 2.4 %
Eventbrite stock opened at $2.93 on Thursday. Eventbrite has a 1-year low of $2.51 and a 1-year high of $9.20. The firm has a market capitalization of $284.55 million, a price-to-earnings ratio of -15.42 and a beta of 2.32. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 2.04. The firm has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $4.27.
Eventbrite (NYSE:EB – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.07. Eventbrite had a negative net margin of 4.20% and a negative return on equity of 7.82%. The firm had revenue of $84.55 million during the quarter, compared to the consensus estimate of $86.15 million. During the same period last year, the firm earned ($0.03) EPS. On average, analysts predict that Eventbrite will post -0.24 earnings per share for the current 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.
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