Q3 2024 EPS Estimates for Eventbrite, Inc. (NYSE:EB) Increased by Analyst

Eventbrite, Inc. (NYSE:EB) – Stock analysts at B. Riley increased their Q3 2024 earnings per share estimates for Eventbrite in a research note issued to investors on Sunday, May 5th. B. Riley analyst N. Khan now expects that the company will post earnings per share of $0.01 for the quarter, up from their previous forecast of ($0.01). The consensus estimate for Eventbrite’s current full-year earnings is ($0.15) per share. B. Riley also issued estimates for Eventbrite’s Q4 2024 earnings at $0.03 EPS, FY2024 earnings at ($0.03) EPS, FY2025 earnings at $0.31 EPS, FY2026 earnings at $0.45 EPS, FY2027 earnings at $0.66 EPS and FY2028 earnings at $1.00 EPS.

Eventbrite (NYSE:EB) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $87.76 million during the quarter, compared to analysts’ expectations of $88.45 million. Eventbrite had a negative return on equity of 10.00% and a negative net margin of 5.47%.

A number of other equities analysts also recently weighed in on EB. Truist Financial cut their price target on shares of Eventbrite from $17.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, February 28th. BWS Financial reaffirmed a “buy” rating and issued a $12.00 target price on shares of Eventbrite in a research report on Friday, May 3rd. Morgan Stanley lowered their price target on Eventbrite from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. KeyCorp cut their price objective on Eventbrite from $13.00 to $6.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. Finally, Piper Sandler decreased their target price on Eventbrite from $13.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.29.

Eventbrite Price Performance

EB opened at $5.49 on Wednesday. Eventbrite has a 1 year low of $5.00 and a 1 year high of $11.90. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.86 and a current ratio of 1.86. The company’s 50 day simple moving average is $5.45 and its 200 day simple moving average is $7.07. The stock has a market capitalization of $558.75 million, a PE ratio of -28.87 and a beta of 2.44.

Insider Buying and Selling at Eventbrite

In related news, CFO Charles Baker sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $5.52, for a total transaction of $110,400.00. Following the transaction, the chief financial officer now directly owns 357,839 shares of the company’s stock, valued at approximately $1,975,271.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Eventbrite

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in Eventbrite by 217.7% in the 3rd quarter. Covestor Ltd now owns 2,783 shares of the company’s stock worth $27,000 after buying an additional 1,907 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. purchased a new stake in shares of Eventbrite during the fourth quarter worth about $33,000. Principal Financial Group Inc. purchased a new stake in shares of Eventbrite during the first quarter worth about $58,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Eventbrite in the first quarter worth about $70,000. Finally, Victory Capital Management Inc. purchased a new position in Eventbrite in the fourth quarter valued at about $89,000. 91.64% of the stock is owned by institutional investors and hedge funds.

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.