Eventbrite (NYSE:EB) Announces Quarterly Earnings Results

Eventbrite (NYSE:EB - Get Free Report) posted its earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03), Zacks reports. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. The business had revenue of $76.46 million during the quarter, compared to analyst estimates of $76.18 million. Eventbrite updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Eventbrite Stock Up 0.4 %

EB traded up $0.01 on Monday, hitting $2.45. 2,892,822 shares of the company were exchanged, compared to its average volume of 1,626,696. Eventbrite has a 12 month low of $2.23 and a 12 month high of $6.02. The company has a market cap of $237.36 million, a PE ratio of -27.22 and a beta of 2.26. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The stock's fifty day moving average is $3.39 and its 200-day moving average is $3.27.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BWS Financial reissued a "buy" rating and issued a $7.00 target price on shares of Eventbrite in a research note on Monday. B. Riley restated a "neutral" rating and issued a $3.50 price target (down from $5.00) on shares of Eventbrite in a report on Friday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $5.40.

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Insider Buying and Selling

In related news, COO Charles Baker sold 20,000 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $3.55, for a total transaction of $71,000.00. Following the sale, the chief operating officer now owns 617,487 shares in the company, valued at approximately $2,192,078.85. This represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 21.46% of the stock is currently owned by corporate insiders.

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.