B. Riley Comments on Eventbrite’s FY2029 Earnings (NYSE:EB)

Eventbrite, Inc. (NYSE:EB) – Equities researchers at B. Riley issued their FY2029 earnings per share (EPS) estimates for Eventbrite in a research report issued on Tuesday, February 25th. B. Riley analyst N. Khan expects that the company will post earnings of $0.45 per share for the year. The consensus estimate for Eventbrite’s current full-year earnings is ($0.12) per share.

Separately, BWS Financial restated a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.58.

Eventbrite Price Performance

Eventbrite stock opened at $3.18 on Wednesday. Eventbrite has a 52 week low of $2.51 and a 52 week high of $8.46. The business has a 50-day simple moving average of $3.41 and a 200 day simple moving average of $3.28. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The stock has a market cap of $307.60 million, a price-to-earnings ratio of -35.28 and a beta of 2.27.

Institutional Investors Weigh In On Eventbrite

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nantahala Capital Management LLC lifted its stake in shares of Eventbrite by 76.5% in the 4th quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock valued at $19,928,000 after acquiring an additional 2,569,747 shares during the last quarter. Winslow Capital Management LLC bought a new stake in shares of Eventbrite in the 4th quarter valued at about $7,962,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Eventbrite by 6.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,343,284 shares of the company’s stock valued at $7,873,000 after acquiring an additional 145,846 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of Eventbrite by 5.2% in the 3rd quarter. Rice Hall James & Associates LLC now owns 2,174,978 shares of the company’s stock valued at $5,938,000 after acquiring an additional 108,300 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Eventbrite by 24.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,016,634 shares of the company’s stock valued at $6,776,000 after acquiring an additional 393,964 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Insider Transactions at Eventbrite

In other news, COO Charles Baker sold 20,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $3.55, for a total value of $71,000.00. Following the completion of the transaction, the chief operating officer now directly owns 617,487 shares in the company, valued at approximately $2,192,078.85. This represents a 3.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 21.46% of the company’s stock.

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.