Eventbrite (EB) Set to Announce Quarterly Earnings on Thursday

Eventbrite (NYSE:EB) will issue its quarterly earnings data 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.Investors interested in listening to the company’s conference call can do so using this link.

Eventbrite (NYSE:EB) last released its quarterly 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 company had revenue of $84.55 million during 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 in the previous year, the business earned ($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 Trading Down 1.6 %

Shares of EB stock opened at $3.16 on Thursday. The stock has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $4.18. Eventbrite has a 1 year low of $2.51 and a 1 year high of $9.20. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 2.04. The stock has a market cap of $306.88 million, a P/E ratio of -16.63 and a beta of 2.32.

Analyst Upgrades and Downgrades

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

Insider Transactions at Eventbrite

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

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.