In a report released yesterday, Doug Anmuth from J.P. Morgan maintained a Hold rating on Eventbrite (EB – Research Report), with a price target of $12.00. The company’s shares closed last Friday at $11.25.
According to TipRanks, Anmuth is a 5-star analyst with an average return of 17.3% and a 60.28% success rate. Anmuth covers the Technology sector, focusing on stocks such as Amazon, Netflix, and Meta Platforms.
In addition to J.P. Morgan, Eventbrite also received a Hold from Morgan Stanley’s Cameron Mansson-Perrone in a report issued on August 4. However, on the same day, Piper Sandler reiterated a Buy rating on Eventbrite (NYSE: EB).
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Based on Eventbrite’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $78.91 million and a GAAP net loss of $2.92 million. In comparison, last year the company earned a revenue of $66.04 million and had a GAAP net loss of $20.09 million
Based on the recent corporate insider activity of 65 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.
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