Eventbrite, Inc. (NYSE:EB) Given Consensus Rating of “Hold” by Brokerages

Eventbrite, Inc. (NYSE:EB) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $6.58.

Separately, BWS Financial reissued a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a research report on Wednesday, November 13th.

Insider Buying and Selling

In other Eventbrite news, COO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction that occurred 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Eventbrite

Institutional investors have recently modified their holdings of the company. Whetstone Capital Advisors LLC increased its position in Eventbrite by 74.6% during the third 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 during the period. Dynamic Technology Lab Private Ltd bought a new position in Eventbrite during the third quarter worth $756,000. Nantahala Capital Management LLC bought a new position in Eventbrite during the second quarter worth $7,744,000. FMR LLC increased its position in Eventbrite by 59.5% during the third quarter. FMR LLC now owns 152,889 shares of the company’s stock worth $417,000 after acquiring an additional 57,011 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Eventbrite by 22.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock worth $5,999,000 after acquiring an additional 405,318 shares during the period. Institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Performance

Shares of EB opened at $3.35 on Friday. The firm’s 50 day moving average is $3.55 and its 200-day moving average is $3.51. The stock has a market capitalization of $324.06 million, a P/E ratio of -37.17 and a beta of 2.26. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. Eventbrite has a 12-month low of $2.51 and a 12-month high of $9.20.

Eventbrite (NYSE:EB) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.09. The company had revenue of $77.80 million for the quarter, compared to analysts’ expectations of $75.75 million. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. During the same quarter in the previous year, the company posted ($0.10) EPS. Equities research analysts anticipate that Eventbrite will post -0.12 EPS for the current fiscal year.

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.