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

Eventbrite, Inc. (NYSE:EB) has been given an average rating of “Hold” by the six ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $6.58.

A number of research analysts recently weighed in on EB shares. BWS Financial reissued a “buy” rating and set a $7.00 target price on shares of Eventbrite in a report on Thursday, October 3rd. B. Riley reduced their price target on Eventbrite from $10.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Truist Financial downgraded Eventbrite from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Piper Sandler downgraded Eventbrite from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $9.00 to $4.00 in a research note on Friday, August 9th. Finally, KeyCorp downgraded Eventbrite from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 9th.

Insider Activity

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

Institutional Trading of Eventbrite

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. bought a new stake in shares of Eventbrite during the 1st quarter worth $58,000. Quadrature Capital Ltd bought a new stake in shares of Eventbrite during the 1st quarter worth $64,000. ANTIPODES PARTNERS Ltd acquired a new position in Eventbrite in the 1st quarter worth about $70,000. Public Employees Retirement System of Ohio acquired a new position in Eventbrite in the 1st quarter worth about $102,000. Finally, Entropy Technologies LP acquired a new position in Eventbrite in the 1st quarter worth about $115,000. 91.64% of the stock is currently owned by institutional investors.

Eventbrite Stock Up 2.8 %

EB stock opened at $2.95 on Thursday. 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 market capitalization of $286.49 million, a PE ratio of -15.53 and a beta of 2.32. Eventbrite has a 1-year low of $2.51 and a 1-year high of $9.20. The business’s 50 day simple moving average is $2.99 and its 200 day simple moving average is $4.36.

Eventbrite (NYSE:EB) last posted its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. The business had revenue of $84.55 million for the quarter, compared to analyst estimates of $86.15 million. Eventbrite had a negative return on equity of 7.82% and a negative net margin of 4.20%. During the same period in the previous year, the firm earned ($0.03) EPS. As a group, research analysts anticipate that Eventbrite will post -0.24 EPS 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.