Eventbrite (NYSE:EB) Posts Earnings Results

Eventbrite (NYSE:EB) released its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03), Zacks reports. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. Eventbrite updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Eventbrite Stock Down 2.7 %

EB traded down $0.09 during trading on Thursday, hitting $3.10. 1,132,956 shares of the company’s stock traded hands, compared to its average volume of 733,128. The stock has a market capitalization of $299.85 million, a price-to-earnings ratio of -34.39 and a beta of 2.27. 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 $6.17. The company’s 50 day simple moving average is $3.41 and its two-hundred day simple moving average is $3.28.

Insider Buying and Selling

In other news, COO Charles Baker sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 617,487 shares in the company, valued at $2,192,078.85. This trade represents a 3.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 21.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Eventbrite currently has an average rating of “Hold” and a consensus price target of $6.58.

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.