B. Riley Comments on Eventbrite’s FY2029 Earnings (NYSE:EB)

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

Separately, BWS Financial reiterated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. 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

Shares of Eventbrite stock opened at $3.18 on Wednesday. The business’s fifty day simple moving average is $3.41 and its 200 day simple moving average is $3.28. The firm has a market capitalization of $307.60 million, a P/E ratio of -35.28 and a beta of 2.27. Eventbrite has a 12 month low of $2.51 and a 12 month high of $8.46. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34.

Insider Buying and Selling at Eventbrite

In other Eventbrite news, COO Charles Baker sold 20,000 shares of the business’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 sale, the chief operating officer now directly owns 617,487 shares in the company, valued at $2,192,078.85. The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 21.46% of the company’s stock.

Institutional Trading of Eventbrite

Several hedge funds have recently made changes to their positions in EB. Nantahala Capital Management LLC raised its stake in shares of Eventbrite by 76.5% in the fourth quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock valued at $19,928,000 after buying an additional 2,569,747 shares during the period. Winslow Capital Management LLC purchased a new position in shares of Eventbrite in the fourth quarter valued at $7,962,000. Two Sigma Investments LP grew its position in shares of Eventbrite by 151.7% in the fourth quarter. Two Sigma Investments LP now owns 1,228,930 shares of the company’s stock valued at $4,129,000 after purchasing an additional 740,717 shares in the last quarter. Whetstone Capital Advisors LLC grew its position in shares of Eventbrite by 74.6% in the third quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock valued at $3,911,000 after purchasing an additional 612,173 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Eventbrite by 58.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,312,100 shares of the company’s stock valued at $4,409,000 after purchasing an additional 484,800 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

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.