Eventbrite (NYSE:EB) issued its quarterly earnings data on Thursday. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.10), Briefing.com reports. Eventbrite had a negative return on equity of 13.82% and a negative net margin of 23.53%. The company had revenue of $82.10 million for the quarter, compared to the consensus estimate of $76.49 million. During the same period in the prior year, the company earned ($1.24) EPS. The firm’s revenue was up 11.5% on a year-over-year basis.
Shares of EB traded up $3.99 during midday trading on Friday, reaching $21.32. The stock had a trading volume of 3,016,582 shares, compared to its average volume of 803,769. The firm has a 50 day simple moving average of $17.79 and a 200-day simple moving average of $17.67. Eventbrite has a one year low of $15.30 and a one year high of $33.82. The firm has a market cap of $1.52 billion, a PE ratio of -14.70 and a beta of 2.05. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.19.
In other news, insider Samantha Harnett sold 7,361 shares of Eventbrite stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $18.01, for a total value of $132,571.61. Also, CTO Patrick David Poels sold 25,627 shares of Eventbrite stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $18.41, for a total transaction of $471,793.07. Company insiders own 19.61% of the company’s stock.
A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Eventbrite from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. SunTrust Banks set a $20.00 target price on shares of Eventbrite and gave the company a “hold” rating in a research report on Friday, August 16th. Finally, Zacks Investment Research raised shares of Eventbrite from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Eventbrite presently has a consensus rating of “Buy” and an average target price of $22.50.
Eventbrite Company Profile
Eventbrite, Inc operates a ticketing and event technology platform 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, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.
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