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

Eventbrite, Inc. (NYSE:EB) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $6.58.

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

Eventbrite Stock Down 5.0 %

Shares of Eventbrite stock opened at $3.17 on Friday. Eventbrite has a 12-month low of $2.51 and a 12-month high of $9.20. The stock has a market capitalization of $306.63 million, a P/E ratio of -35.17 and a beta of 2.26. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The stock has a 50 day moving average price of $3.54 and a two-hundred day moving average price of $3.47.

Eventbrite (NYSE:EB) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. The business had revenue of $77.80 million for the quarter, compared to analyst estimates 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 period last year, the business posted ($0.10) EPS. Equities analysts expect that Eventbrite will post -0.12 earnings per share for the current year.

Insider Activity

In other news, COO Charles Baker sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $3.55, for a total value of $71,000.00. Following the sale, the chief operating officer now directly owns 617,487 shares in the company, valued at approximately $2,192,078.85. This represents a 3.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 21.46% of the stock is currently owned by company insiders.

Institutional Trading of Eventbrite

Large investors have recently bought and sold shares of the stock. Nantahala Capital Management LLC bought a new position in Eventbrite during the 2nd quarter valued at about $7,744,000. Whetstone Capital Advisors LLC boosted its holdings in shares of Eventbrite by 74.6% in the 3rd 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 in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Eventbrite by 22.6% during the 3rd 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 last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Eventbrite during the 3rd quarter valued at $756,000. Finally, Algert Global LLC raised its position in Eventbrite by 54.4% in the 2nd quarter. Algert Global LLC now owns 575,688 shares of the company’s stock valued at $2,786,000 after purchasing an additional 202,763 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

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.