Eventbrite, Inc. (NYSE:EB) Expected to Post Q1 2023 Earnings of ($0.14) Per Share

Eventbrite, Inc. (NYSE:EB – Get Rating) – Investment analysts at William Blair issued their Q1 2023 earnings per share estimates for Eventbrite in a report released on Wednesday, March 1st. William Blair analyst R. Sundby anticipates that the company will earn ($0.14) per share for the quarter. William Blair has a “Outperform” rating on the stock. The consensus estimate for Eventbrite’s current full-year earnings is ($0.46) per share. William Blair also issued estimates for Eventbrite’s Q2 2023 earnings at ($0.12) EPS, Q3 2023 earnings at ($0.12) EPS, Q4 2023 earnings at ($0.10) EPS and FY2024 earnings at ($0.12) EPS.

Several other analysts have also recently issued reports on the company. Piper Sandler cut their price objective on Eventbrite from $10.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, January 6th. Morgan Stanley upped their price objective on Eventbrite from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Thursday.

Eventbrite Trading Down 2.7 %

Shares of EB opened at $9.58 on Thursday. The company has a market capitalization of $945.45 million, a P/E ratio of -17.11 and a beta of 2.58. Eventbrite has a one year low of $5.30 and a one year high of $15.74. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a 50-day moving average price of $7.75 and a 200 day moving average price of $7.14.

Institutional Trading of Eventbrite

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cadian Capital Management LP increased its position in Eventbrite by 9.4% in the 3rd quarter. Cadian Capital Management LP now owns 8,010,707 shares of the company’s stock valued at $48,705,000 after acquiring an additional 685,772 shares during the period. Vanguard Group Inc. increased its position in Eventbrite by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 7,972,046 shares of the company’s stock valued at $117,747,000 after acquiring an additional 781,763 shares during the period. Invesco Ltd. increased its position in Eventbrite by 2.2% in the 1st quarter. Invesco Ltd. now owns 5,084,727 shares of the company’s stock valued at $75,104,000 after acquiring an additional 110,587 shares during the period. Artisan Partners Limited Partnership increased its position in Eventbrite by 3.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,152,326 shares of the company’s stock valued at $32,374,000 after acquiring an additional 99,287 shares during the period. Finally, First Trust Advisors LP acquired a new stake in Eventbrite in the 3rd quarter valued at approximately $18,834,000. 85.05% of the stock is currently owned by institutional investors and hedge funds.

About Eventbrite

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Eventbrite, Inc provides event management services encompassing online ticketing, event hosting, organization, promotion, and advertising. It offers virtual events, online webinars, online classes, virtual runs, online zumba classes, and online yoga. The company was founded by Alan Michael Braverman, Renaud Visage, Kevin E.