Brokerages Set Eventbrite, Inc. (NYSE:EB) Target Price at $5.25

Eventbrite, Inc. (NYSE:EB) has received a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $5.25.

EB has been the subject of several recent research reports. BWS Financial reissued a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research report on Monday, April 14th. B. Riley reissued a “neutral” rating and set a $3.50 price target (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pallas Capital Advisors LLC boosted its stake in shares of Eventbrite by 52.2% during the 1st quarter. Pallas Capital Advisors LLC now owns 16,928 shares of the company’s stock worth $36,000 after acquiring an additional 5,803 shares during the period. CHICAGO TRUST Co NA bought a new position in shares of Eventbrite during the 1st quarter worth approximately $44,000. Great Lakes Advisors LLC bought a new position in shares of Eventbrite during the 1st quarter worth approximately $44,000. Federated Hermes Inc. bought a new position in shares of Eventbrite during the 1st quarter worth approximately $52,000. Finally, RPO LLC bought a new position in shares of Eventbrite during the 4th quarter worth approximately $55,000. 91.64% of the stock is currently owned by institutional investors.

Eventbrite Stock Performance

Shares of NYSE EB opened at $2.34 on Wednesday. The stock has a 50 day moving average price of $2.18 and a 200 day moving average price of $2.97. Eventbrite has a 52 week low of $1.81 and a 52 week high of $5.92. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $221.43 million, a PE ratio of -26.00 and a beta of 2.02.

Eventbrite (NYSE:EB) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. The firm had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $72.88 million. Analysts predict that Eventbrite will post -0.12 earnings per share for the current fiscal year.

About Eventbrite

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.