Stocks of Eventbrite Inc. (NYSE:EB) traded higher last session on Wall Street, up 7.32% to $11.58.
According to the data, Eventbrite Inc. (NYSE:EB) has 5 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 $17.00 and a low of $9.00, we find $13.00. Given the previous closing price of $10.79, this indicates a potential upside of 20.48 percent. EB stock price is now 31.28% away from the 50-day moving average and 48.47% away from the 200-day moving average. The market capitalization of the company currently stands at $1.08B.
A total of 2 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $12.60 as their price target over the next twelve months.
With the price target maintained at $14, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight 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 $2.22 million. Insiders disposed of 172,789 shares of company stock worth roughly $2.0 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 $17,638,000. WELLINGTON MANAGEMENT GROUP LLP invested $14,107,000 in shares of EB during the first quarter. In the first quarter, NORGES BANK acquired a new stake in Eventbrite Inc. valued at approximately $11,429,000. RIVERMONT CAPITAL MANAGEMENT LP acquired a new stake in EB for approximately $6,547,000. BANK OF MONTREAL /CAN/ purchased a new stake in EB valued at around $3,822,000 in the second quarter. In total, there are 226 active investors with 108.37% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $10.99 for Eventbrite Inc. (NYSE: EB). During the past 12 months, Eventbrite Inc. has had a low of $5.30 and a high of $11.07. 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 $8.91 and a two-hundred day moving average price translates $7.83 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 $78.9M in revenue.
