Eventbrite (NYSE:EB) received a $20.00 price objective from analysts at SunTrust Banks in a research report issued on Friday, TipRanks reports. The firm currently has a “hold” rating on the stock. SunTrust Banks’ price target would suggest a potential upside of 1.06% from the stock’s previous close.

A number of other equities research analysts have also weighed in on EB. Zacks Investment Research lowered Eventbrite from a “hold” rating to a “sell” rating in a research report on Monday, June 17th. Stifel Nicolaus reissued a “hold” rating and issued a $28.00 price target (up from $20.00) on shares of Eventbrite in a research report on Thursday, May 2nd. William Blair initiated coverage on Eventbrite in a research report on Monday, June 17th. They issued an “outperform” rating for the company. Finally, Royal Bank of Canada reduced their price target on Eventbrite to $22.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Eventbrite presently has a consensus rating of “Hold” and a consensus target price of $25.80.

NYSE EB traded up $0.77 on Friday, reaching $19.79. 61,246 shares of the stock traded hands, compared to its average volume of 900,237. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.67 and a current ratio of 1.67. The company has a fifty day moving average price of $16.84 and a 200-day moving average price of $20.73. The company has a market cap of $1.48 billion and a price-to-earnings ratio of -13.65. Eventbrite has a 12 month low of $15.30 and a 12 month high of $40.25.

Eventbrite (NYSE:EB) last issued its earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.01. The business had revenue of $80.80 million during the quarter, compared to analyst estimates of $76.44 million. Eventbrite had a negative return on equity of 13.82% and a negative net margin of 23.53%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, research analysts anticipate that Eventbrite will post -0.77 earnings per share for the current fiscal year.

In other news, insider Samantha Harnett sold 57,342 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $16.39, for a total value of $939,835.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 19.61% of the company’s stock.

A number of large investors have recently made changes to their positions in EB. Vanguard Group Inc. increased its position in Eventbrite by 113.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,822,011 shares of the company’s stock valued at $45,716,000 after buying an additional 1,502,978 shares in the last quarter. Baillie Gifford & Co. acquired a new position in Eventbrite during the 1st quarter valued at about $28,794,000. Nikko Asset Management Americas Inc. increased its position in Eventbrite by 106.9% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,637,357 shares of the company’s stock valued at $42,725,000 after buying an additional 1,362,359 shares in the last quarter. Vista Equity Partners Management LLC acquired a new position in Eventbrite during the 2nd quarter valued at about $21,192,000. Finally, BlackRock Inc. increased its position in Eventbrite by 181.4% during the 2nd quarter. BlackRock Inc. now owns 2,014,636 shares of the company’s stock valued at $32,638,000 after buying an additional 1,298,789 shares in the last quarter. 51.54% of the stock is currently owned by institutional investors.

About Eventbrite

Eventbrite, Inc operates a ticketing and event technology platform 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, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.

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Analyst Recommendations for Eventbrite (NYSE:EB)

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