Eventbrite, Inc. (NYSE:EB) Receives Consensus Rating of “Hold” from Brokerages

Shares of Eventbrite, Inc. (NYSE:EB) 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.

Insider Transactions at Eventbrite

In other Eventbrite news, CTO Vivek Sagi sold 75,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $3.44, for a total value of $258,000.00. Following the completion of the sale, the chief technology officer now directly owns 495,464 shares of the company’s stock, valued at $1,704,396.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.03, for a total value of $60,600.00. Following the transaction, the chief financial officer now owns 628,152 shares in the company, valued at approximately $1,903,300.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Vivek Sagi sold 75,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $3.44, for a total transaction of $258,000.00. Following the completion of the transaction, the chief technology officer now owns 495,464 shares in the company, valued at $1,704,396.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 21.46% of the stock is currently owned by insiders.

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) 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.