Eventbrite (NYSE:EB) Rating Reiterated by BWS Financial

BWS Financial reiterated their buy rating on shares of Eventbrite (NYSE:EB) in a research report released on Friday, Benzinga reports. BWS Financial currently has a $12.00 target price on the stock.

A number of other research firms also recently issued reports on EB. Piper Sandler lowered their price target on Eventbrite from $13.00 to $9.00 and set an overweight rating for the company in a research report on Wednesday, February 28th. Truist Financial cut their price target on shares of Eventbrite from $17.00 to $11.00 and set a buy rating on the stock in a report on Wednesday, February 28th. KeyCorp decreased their price objective on shares of Eventbrite from $13.00 to $6.00 and set an overweight rating for the company in a research note on Tuesday, April 30th. Finally, Morgan Stanley reduced their target price on shares of Eventbrite from $11.00 to $9.00 and set an equal weight rating on the stock in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Eventbrite has an average rating of Moderate Buy and a consensus target price of $10.29.

Eventbrite Stock Down 0.7 %

Shares of Eventbrite stock opened at $5.51 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.86 and a current ratio of 1.86. The business has a 50 day moving average price of $5.56 and a 200 day moving average price of $7.14. Eventbrite has a 1 year low of $5.00 and a 1 year high of $11.90.

Eventbrite (NYSE:EB) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $87.76 million for the quarter, compared to analyst estimates of $88.45 million. Eventbrite had a negative return on equity of 10.00% and a negative net margin of 5.47%. On average, equities research analysts anticipate that Eventbrite will post -0.15 earnings per share for the current year.

Insider Transactions at Eventbrite

In related news, CFO Charles Baker sold 20,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $5.52, for a total value of $110,400.00. Following the completion of the transaction, the chief financial officer now owns 357,839 shares in the company, valued at approximately $1,975,271.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 17.28% of the company’s stock.

Institutional Trading of Eventbrite

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd grew its position in Eventbrite by 217.7% during the third quarter. Covestor Ltd now owns 2,783 shares of the company’s stock valued at $27,000 after purchasing an additional 1,907 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. acquired a new position in Eventbrite during the fourth quarter valued at approximately $33,000. Principal Financial Group Inc. acquired a new position in Eventbrite during the first quarter valued at approximately $58,000. Victory Capital Management Inc. bought a new stake in Eventbrite during the fourth quarter valued at about $89,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Eventbrite in the fourth quarter valued at about $102,000. 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.