In yesterday’s Wall Street session, Eventbrite Inc. (NYSE:EB) shares traded at $10.39, up 0.97% from the previous session.
5 analysts cover Eventbrite Inc. (NYSE:EB), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $8.00, we find $10.00. Given the previous closing price of $10.29, this indicates a potential downside of -2.82 percent. EB stock price is now 29.22% away from the 50-day moving average and 37.13% away from the 200-day moving average. The market capitalization of the company currently stands at $1.04B.
The stock has received a hold rating from 3 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $11.25 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).
In other news, Taylor Julia D., General Counsel sold 36,187 shares of the company’s stock on May 12. The stock was sold for $253,128 at an average price of $7.00. Upon completion of the transaction, the General Counsel now directly owns 191,609 shares in the company, valued at $1.99 million. Insiders disposed of 172,789 shares of company stock worth roughly $1.8 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 PORTOLAN CAPITAL MANAGEMENT, LLC during the first quarter worth $15,825,000. WELLINGTON MANAGEMENT GROUP LLP invested $12,657,000 in shares of EB during the first quarter. In the first quarter, NORGES BANK acquired a new stake in Eventbrite Inc. valued at approximately $10,255,000. RIVERMONT CAPITAL MANAGEMENT LP acquired a new stake in EB for approximately $5,874,000. BANK OF MONTREAL /CAN/ purchased a new stake in EB valued at around $3,429,000 in the second quarter. In total, there are 224 active investors with 107.75% ownership of the company’s stock.
On Thursday morning Eventbrite Inc. (NYSE: EB) stock kicked off with the opening price of $10.38. During the past 12 months, Eventbrite Inc. has had a low of $5.30 and a high of $11.77. As of last week, the company has a debt-to-equity ratio of 2.16, a current ratio of 1.80, and a quick ratio of 1.80. The fifty day moving average price for EB is $8.10 and a two-hundred day moving average price translates $7.60 for the stock.
The latest earnings results from Eventbrite Inc. (NYSE: EB) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at -$0.13, beating analysts’ expectations of -$0.14 by 0.01. This compares to -$0.19 EPS in the same period last year. The net profit margin was -17.60% and return on equity was -31.20% for EB. The company reported revenue of $77.91 million for the quarter, compared to $55.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.44 percent. For the current quarter, analysts expect EB to generate $78.25M 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, enhance 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.
