Piper Sandler analyst Matthew Farrell CFA reiterated a Buy rating on Eventbrite (EB – Research Report) today and set a price target of $13.00. The company’s shares opened today at $10.85.
According to TipRanks, Farrell CFA is a 2-star analyst with an average return of 1.4% and a 46.00% success rate. Farrell CFA covers the Technology sector, focusing on stocks such as Roku, DraftKings, and Integral Ad Science.
In addition to Piper Sandler, Eventbrite also received a Buy from KeyBanc’s Justin Patterson in a report issued on July 27. However, today, Morgan Stanley maintained a Hold rating on Eventbrite (NYSE: EB).
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Based on Eventbrite’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $77.91 million and a GAAP net loss of $12.69 million. In comparison, last year the company earned a revenue of $55.88 million and had a GAAP net loss of $18.18 million
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EB in relation to earlier this year.
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Eventbrite, Inc. provides event management services encompassing online ticketing, event hosting, organization, promotion and advertising. The company was founded by Alan Michael Braverman, Renaud Visage, Kevin E. Hartz and Julia Hartz in 2006 and is headquartered in San Francisco, CA.
Read More on EB:
- Eventbrite upgraded to Overweight from Sector Weight at KeyBanc
- LYV vs. EB: Which Live Entertainment Stock is Better?
- Eventbrite price target raised to $10 from $8 at Morgan Stanley
- Live Nation price target raised to $95 from $90 at Morgan Stanley
- Eventbrite price target raised to $13 from $11 at Piper Sandler
