Eventbrite, Inc. (NYSE:EB) Receives $6.58 Average Target Price from Analysts

Shares of Eventbrite, Inc. (NYSE:EB - Get Free Report) have been assigned an average rating of "Hold" from the six research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $6.58.

A number of equities analysts recently issued reports on EB shares. Piper Sandler cut Eventbrite from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $9.00 to $4.00 in a report on Friday, August 9th. Truist Financial cut Eventbrite from a "buy" rating to a "hold" rating in a report on Friday, August 9th. BWS Financial restated a "buy" rating and set a $7.00 price objective on shares of Eventbrite in a report on Thursday, October 3rd. KeyCorp cut Eventbrite from an "overweight" rating to a "sector weight" rating in a report on Friday, August 9th. Finally, B. Riley dropped their price objective on Eventbrite from $10.00 to $5.00 and set a "buy" rating for the company in a report on Friday, August 9th.

Eventbrite Stock Up 2.6 %

NYSE EB traded up $0.09 during trading on Monday, hitting $3.54. 1,677,485 shares of the stock traded hands, compared to its average volume of 1,758,386. The firm has a 50-day simple moving average of $2.97 and a 200-day simple moving average of $4.08. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.95 and a current ratio of 1.95. Eventbrite has a 12-month low of $2.51 and a 12-month high of $9.20.

Eventbrite (NYSE:EB - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.07. The firm had revenue of $84.55 million for the quarter, compared to the consensus estimate of $86.15 million. Eventbrite had a negative return on equity of 4.42% and a negative net margin of 2.42%. During the same quarter in the previous year, the company posted ($0.03) EPS. Research analysts predict that Eventbrite will post -0.24 EPS for the current year.

Insider Activity

In other news, CTO Vivek Sagi sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $3.44, for a total value of $258,000.00. Following the transaction, the chief technology officer now owns 495,464 shares in the company, valued at $1,704,396.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the completion of the sale, the chief financial officer now owns 628,152 shares of the company's stock, valued at $1,903,300.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Vivek Sagi sold 75,000 shares of Eventbrite stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $3.44, for a total value of $258,000.00. Following the completion of the sale, the chief technology officer now directly owns 495,464 shares of the company's stock, valued at $1,704,396.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.46% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EB. Quadrature Capital Ltd purchased a new stake in Eventbrite during the 1st quarter worth about $64,000. Public Employees Retirement System of Ohio purchased a new stake in Eventbrite during the 1st quarter worth about $102,000. Entropy Technologies LP purchased a new stake in Eventbrite during the 1st quarter worth about $115,000. Harbor Capital Advisors Inc. lifted 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 worth $64,000 after buying an additional 8,307 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Eventbrite during the 2nd quarter worth about $124,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Eventbrite Company Profile

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.