BWS Financial Reaffirms Buy Rating for Eventbrite (NYSE:EB)

Eventbrite (NYSE:EB - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at BWS Financial in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $7.00 target price on the stock. BWS Financial's price objective indicates a potential upside of 185.13% from the stock's current price. BWS Financial also issued estimates for Eventbrite's Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.26) EPS.

Separately, B. Riley reissued a "neutral" rating and set a $3.50 price objective (down previously from $5.00) on shares of Eventbrite in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $5.40.

Eventbrite Price Performance

NYSE EB traded down $0.04 on Monday, hitting $2.46. The stock had a trading volume of 2,072,472 shares, compared to its average volume of 1,630,936. The firm has a 50-day moving average of $3.33 and a 200-day moving average of $3.26. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. Eventbrite has a 52-week low of $2.23 and a 52-week high of $6.02. The company has a market capitalization of $237.84 million, a price-to-earnings ratio of -27.28 and a beta of 2.24.

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Insider Buying and Selling

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

Institutional Investors Weigh In On Eventbrite

A number of hedge funds and other institutional investors have recently modified their holdings of EB. Quantbot Technologies LP bought a new position in Eventbrite during the 3rd quarter worth approximately $25,000. Pallas Capital Advisors LLC purchased a new stake in shares of Eventbrite during the fourth quarter valued at approximately $37,000. Paloma Partners Management Co bought a new position in shares of Eventbrite in the third quarter worth approximately $44,000. RPO LLC purchased a new position in shares of Eventbrite in the fourth quarter worth $55,000. Finally, Harbor Capital Advisors Inc. raised its holdings in Eventbrite by 54.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company's stock valued at $64,000 after buying an additional 8,307 shares during the last quarter. Institutional investors own 91.64% of the company's stock.

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.