What is B. Riley’s Estimate for Eventbrite FY2029 Earnings?

Eventbrite, Inc. (NYSE:EB) – Research analysts at B. Riley issued their FY2029 earnings per share estimates for Eventbrite in a research report issued to clients and investors on Tuesday, February 25th. B. Riley analyst N. Khan expects that the company will earn $0.45 per share for the year. The consensus estimate for Eventbrite’s current full-year earnings is ($0.12) per share.

Separately, BWS Financial reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Eventbrite in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.58.

Eventbrite Stock Performance

NYSE EB opened at $3.23 on Wednesday. The company has a market cap of $313.12 million, a P/E ratio of -35.91 and a beta of 2.27. The company has a fifty day simple moving average of $3.41 and a 200 day simple moving average of $3.28. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite has a 12-month low of $2.51 and a 12-month high of $8.46.

Insider Activity at Eventbrite

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Whetstone Capital Advisors LLC increased its stake in Eventbrite by 74.6% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock valued at $3,911,000 after buying an additional 612,173 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Eventbrite in the third quarter valued at approximately $756,000. FMR LLC increased its position in shares of Eventbrite by 59.5% during the third quarter. FMR LLC now owns 152,889 shares of the company’s stock valued at $417,000 after acquiring an additional 57,011 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Eventbrite by 22.6% during the third 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Eventbrite by 46.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company’s stock worth $1,300,000 after purchasing an additional 149,934 shares during the last quarter. 91.64% of the stock is 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.