KeyBanc analyst Justin Patterson maintained a Buy rating on Eventbrite (EB – Research Report) today and set a price target of $14.00. The company’s shares closed yesterday at $9.43.
Patterson covers the Technology sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Pinterest. According to TipRanks, Patterson has an average return of 4.3% and a 45.02% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eventbrite with a $13.40 average price target.
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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 70 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 (EB) Company Description:
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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