Eventbrite (EB) Set to Announce Quarterly Earnings on Thursday

Eventbrite (NYSE:EB - Get Free Report) will announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Eventbrite has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual interested in listening to the company's earnings conference call can do so using this link.

Eventbrite (NYSE:EB - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. The business had revenue of $84.55 million for the quarter, compared to the consensus estimate of $86.15 million. Eventbrite had a negative net margin of 4.20% and a negative return on equity of 7.82%. During the same period last year, the firm posted ($0.03) earnings per share. On average, analysts expect Eventbrite to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Eventbrite Price Performance

EB traded up $0.04 during midday trading on Thursday, hitting $3.20. The stock had a trading volume of 1,306,818 shares, compared to its average volume of 1,737,352. The company has a market cap of $310.77 million, a P/E ratio of -16.84 and a beta of 2.32. 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 1 year low of $2.51 and a 1 year high of $9.20. The business has a fifty day moving average of $2.96 and a 200 day moving average of $4.18.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. B. Riley decreased their price target on shares of Eventbrite from $10.00 to $5.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Piper Sandler cut Eventbrite from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $9.00 to $4.00 in a research note on Friday, August 9th. BWS Financial reaffirmed a "buy" rating and issued a $7.00 price target on shares of Eventbrite in a research report on Thursday, October 3rd. Truist Financial downgraded shares of Eventbrite from a "buy" rating to a "hold" rating in a research report on Friday, August 9th. Finally, KeyCorp cut shares of Eventbrite from an "overweight" rating to a "sector weight" rating in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $6.58.

Insider Activity

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

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.