Eventbrite (NYSE:EB) Issues Quarterly Earnings Results

Eventbrite (NYSE:EB) issued its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08), FiscalAI reports. Eventbrite had a negative return on equity of 9.32% and a negative net margin of 3.64%.The business had revenue of $73.51 million for the quarter, compared to analysts’ expectations of $73.13 million.

Eventbrite Price Performance

EB remained flat at $4.51 on Thursday. The firm has a fifty day simple moving average of $4.44 and a 200-day simple moving average of $3.51. Eventbrite has a 1 year low of $1.80 and a 1 year high of $4.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $440.51 million, a P/E ratio of -37.58 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eventbrite in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.85.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Veradace Capital Management LLC acquired a new stake in shares of Eventbrite during the fourth quarter worth about $35,975,000. Nantahala Capital Management LLC raised its position in Eventbrite by 0.3% during the 4th quarter. Nantahala Capital Management LLC now owns 6,854,718 shares of the company’s stock worth $30,503,000 after buying an additional 23,323 shares during the last quarter. Vanguard Group Inc. lifted its stake in Eventbrite by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,664,770 shares of the company’s stock valued at $11,755,000 after acquiring an additional 80,200 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Eventbrite by 4.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,305,969 shares of the company’s stock valued at $6,065,000 after acquiring an additional 103,352 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Eventbrite by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 1,883,545 shares of the company’s stock valued at $8,384,000 after acquiring an additional 61,190 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

About Eventbrite

Eventbrite is a global event management and ticketing platform that enables organizers to create, promote and sell tickets for live and virtual experiences. The company’s software-as-a-service platform offers tools for event registration, ticketing, seating allocation and on­-site check­-in, allowing users to handle everything from small community gatherings to large-scale festivals through a single interface.

Beyond basic ticket sales, Eventbrite provides integrated marketing and analytics solutions designed to help hosts grow attendance and engage audiences.