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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
