Stocks of Eventbrite Inc. (NYSE:EB) traded higher last session on Wall Street, down -3.99% to $5.30.
According to the data, Eventbrite Inc. (NYSE:EB) has 7 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $8.00, we find $9.00. Given the previous closing price of $5.52, this indicates a potential upside of 63.04 percent. EB stock price is now -20.34% away from the 50-day moving average and -43.44% away from the 200-day moving average. The market capitalization of the company currently stands at $515.85M.
A total of 4 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $10.40 as their price target over the next twelve months.
With the price target of $13, Piper Sandler recently initiated with Overweight rating for Eventbrite Inc. (NYSE: EB)., while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, Sagi Vivek, Chief Technology Officer sold 27,377 shares of the company’s stock on Feb 17. The stock was sold for $429,519 at an average price of $15.69. Upon completion of the transaction, the Chief Technology Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16, Chief Technology Officer Sagi Vivek sold 16,500 shares of the business’s stock. A total of $264,390 was realized by selling the stock at an average price of $16.02. This leaves the insider owning 27,377 shares of the company worth $0.15 million. Insiders disposed of 198,365 shares of company stock worth roughly $1.05 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EB stock. A new stake in Eventbrite Inc. shares was purchased by FIRST TRUST ADVISORS LP during the first quarter worth $16,418,000. HARVEY PARTNERS, LLC invested $3,975,000 in shares of EB during the first quarter. In the first quarter, T. ROWE PRICE INVESTMENT MANAGEMENT, INC. acquired a new stake in Eventbrite Inc. valued at approximately $2,728,000. WHETSTONE CAPITAL ADVISORS, LLC acquired a new stake in EB for approximately $2,050,000. FEDERATED HERMES, INC. purchased a new stake in EB valued at around $1,926,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $5.44 for Eventbrite Inc. (NYSE: EB). During the past 12 months, Eventbrite Inc. has had a low of $5.42 and a high of $18.15. As of last week, the company has a debt-to-equity ratio of 2.37, a current ratio of 1.70, and a quick ratio of 1.70. The fifty day moving average price for EB is $6.65 and a two-hundred day moving average price translates $9.37 for the stock.
The latest earnings results from Eventbrite Inc. (NYSE: EB) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.2, missing analysts’ expectations of -$0.13 by -0.07. This compares to -$0.18 EPS in the same period last year. The net profit margin was -30.60% and return on equity was -47.40% for EB. The company reported revenue of $67.47 million for the quarter, compared to $53.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.43 percent. For the current quarter, analysts expect EB to generate $67.53M in revenue.
Eventbrite Inc.(EB) Company Profile
Eventbrite, Inc. operates a self-service ticketing and experience technology platform that serves 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, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc. in 2009. Eventbrite, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.