Eventbrite, Inc. (NYSE:EB – Get Rating) shares gapped down before the market opened on Monday . The stock had previously closed at $7.38, but opened at $7.04. Eventbrite shares last traded at $7.32, with a volume of 4,518 shares traded.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Truist Financial dropped their target price on Eventbrite to $23.00 in a research report on Friday, June 3rd. KeyCorp assumed coverage on Eventbrite in a research report on Wednesday, July 13th. They set a "sector weight" rating on the stock. Piper Sandler assumed coverage on Eventbrite in a research report on Thursday, July 14th. They set an "overweight" rating and a $13.00 target price on the stock. Morgan Stanley dropped their target price on Eventbrite from $16.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Friday, September 9th. Finally, Stifel Nicolaus dropped their target price on Eventbrite from $15.00 to $14.00 in a research report on Tuesday, June 28th.
Get Eventbrite alerts:Eventbrite Trading Down 3.6 %
The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $663.66 million, a price-to-earnings ratio of -9.00 and a beta of 2.58. The company has a fifty day moving average of $8.44 and a 200-day moving average of $10.94.
Eventbrite (NYSE:EB – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). Eventbrite had a negative return on equity of 43.35% and a negative net margin of 30.61%. The firm had revenue of $66.04 million during the quarter, compared to analyst estimates of $65.07 million. As a group, equities research analysts anticipate that Eventbrite, Inc. will post -0.7 earnings per share for the current fiscal year.Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Maverick Capital Ltd. purchased a new position in Eventbrite in the 4th quarter worth approximately $51,000. Covestor Ltd lifted its stake in Eventbrite by 18,765.2% in the 1st quarter. Covestor Ltd now owns 4,339 shares of the company's stock worth $64,000 after purchasing an additional 4,316 shares in the last quarter. Sciencast Management LP purchased a new position in Eventbrite in the 2nd quarter worth approximately $106,000. Counterpoint Mutual Funds LLC purchased a new position in Eventbrite in the 2nd quarter worth approximately $125,000. Finally, Handelsbanken Fonder AB lifted its stake in Eventbrite by 12.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 14,300 shares of the company's stock worth $147,000 after purchasing an additional 1,600 shares in the last quarter. 83.88% of the stock is owned by hedge funds and other institutional investors.
Eventbrite Company Profile
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Eventbrite, Inc operates a self-service ticketing and experience technology platform that serves 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, increase reach, and drive ticket sales.
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