Eventbrite's (EB) Neutral Rating Reiterated at B. Riley

B. Riley reaffirmed their neutral rating on shares of Eventbrite (NYSE:EB - Free Report) in a report published on Friday morning, Marketbeat Ratings reports. B. Riley currently has a $3.50 price objective on the stock, down from their previous price objective of $5.00. B. Riley also issued estimates for Eventbrite's FY2026 earnings at $0.12 EPS, FY2027 earnings at $0.14 EPS, FY2028 earnings at $0.29 EPS and FY2029 earnings at $0.45 EPS.

Separately, BWS Financial restated a "buy" rating and set a $7.00 target price on shares of Eventbrite in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $5.40.

Eventbrite Stock Performance

Eventbrite stock traded up $0.16 during trading on Friday, reaching $2.60. The company had a trading volume of 1,880,918 shares, compared to its average volume of 1,639,234. The firm has a market capitalization of $251.41 million, a price-to-earnings ratio of -28.83 and a beta of 2.24. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. The firm's 50-day simple moving average is $3.37 and its 200 day simple moving average is $3.27. Eventbrite has a 52 week low of $2.23 and a 52 week high of $6.02.

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Insider Buying and Selling

In other news, COO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $3.55, for a total value of $71,000.00. Following the sale, the chief operating officer now directly owns 617,487 shares of the company's stock, valued at approximately $2,192,078.85. The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On Eventbrite

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EB. Whetstone Capital Advisors LLC raised its holdings in shares of Eventbrite by 74.6% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company's stock worth $3,911,000 after acquiring an additional 612,173 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Eventbrite during the third quarter valued at $756,000. FMR LLC lifted its position in Eventbrite by 59.5% during the third quarter. FMR LLC now owns 152,889 shares of the company's stock valued at $417,000 after purchasing an additional 57,011 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Eventbrite by 22.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company's stock worth $5,999,000 after buying an additional 405,318 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Eventbrite by 46.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company's stock worth $1,300,000 after buying an additional 149,934 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

About Eventbrite

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.