Eventbrite (NYSE:EB)‘s stock had its “buy” rating reaffirmed by Zacks Investment Research in a research report issued on Tuesday, 24/7 WallStreet reports. They presently have a $10.75 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 26.17% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on EB. SunTrust Banks reaffirmed a “buy” rating and set a $12.00 price target on shares of Eventbrite in a research note on Friday, June 5th. Royal Bank of Canada restated a “hold” rating and set a $10.00 target price on shares of Eventbrite in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Eventbrite from $16.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $11.95.
NYSE EB opened at $8.52 on Tuesday. The firm has a market cap of $769.32 million, a P/E ratio of -3.54 and a beta of 2.54. Eventbrite has a 52-week low of $5.71 and a 52-week high of $22.90. The business’s 50-day moving average price is $9.33 and its 200 day moving average price is $12.96.
Eventbrite (NYSE:EB) last posted its quarterly earnings data on Monday, May 11th. The company reported ($1.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($1.42). The firm had revenue of $49.10 million during the quarter, compared to analysts’ expectations of $71.78 million. Eventbrite had a negative net margin of 69.71% and a negative return on equity of 51.80%. The business’s quarterly revenue was down 39.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.13) earnings per share. On average, equities analysts forecast that Eventbrite will post -2.64 EPS for the current year.
Hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC acquired a new position in shares of Eventbrite during the first quarter worth about $27,000. Tower Research Capital LLC TRC lifted its position in Eventbrite by 1,826.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $29,000 after acquiring an additional 3,763 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Eventbrite by 106.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,697 shares of the company’s stock worth $42,000 after acquiring an additional 2,940 shares during the period. CSat Investment Advisory L.P. raised its stake in shares of Eventbrite by 19.0% during the first quarter. CSat Investment Advisory L.P. now owns 9,388 shares of the company’s stock valued at $69,000 after purchasing an additional 1,496 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of Eventbrite by 440.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,543 shares of the company’s stock worth $71,000 after purchasing an additional 2,888 shares in the last quarter. 53.66% of the stock is currently owned by hedge funds and other institutional investors.
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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