Eventbrite, Inc. Forecasted to Earn Q3 2024 Earnings of $0.01 Per Share (NYSE:EB)

Eventbrite, Inc. (NYSE:EB) – Equities researchers at B. Riley raised their Q3 2024 earnings estimates for shares of Eventbrite in a research note issued to investors on Sunday, May 5th. B. Riley analyst N. Khan now anticipates that the company will post earnings per share of $0.01 for the quarter, up from their prior estimate of ($0.01). The consensus estimate for Eventbrite’s current full-year earnings is ($0.15) per share. B. Riley also issued estimates for Eventbrite’s Q4 2024 earnings at $0.03 EPS, FY2024 earnings at ($0.03) EPS, FY2025 earnings at $0.31 EPS, FY2026 earnings at $0.45 EPS, FY2027 earnings at $0.66 EPS and FY2028 earnings at $1.00 EPS.

Eventbrite (NYSE:EB) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The firm had revenue of $87.76 million during the quarter, compared to analyst estimates of $88.45 million. Eventbrite had a negative net margin of 5.47% and a negative return on equity of 10.00%.

Several other brokerages have also recently commented on EB. KeyCorp decreased their price objective on shares of Eventbrite from $13.00 to $6.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. Morgan Stanley reduced their price objective on Eventbrite from $11.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 28th. Piper Sandler lowered their target price on Eventbrite from $13.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Truist Financial decreased their price target on Eventbrite from $17.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Eventbrite in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Eventbrite currently has an average rating of “Moderate Buy” and an average target price of $10.29.

Eventbrite Price Performance

NYSE EB opened at $5.59 on Wednesday. The company has a market cap of $569.45 million, a price-to-earnings ratio of -29.42 and a beta of 2.44. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.86 and a quick ratio of 1.86. The stock’s fifty day moving average price is $5.46 and its 200 day moving average price is $7.10. Eventbrite has a 1 year low of $5.00 and a 1 year high of $11.90.

Insider Buying and Selling at Eventbrite

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $5.52, for a total transaction of $110,400.00. Following the completion of the transaction, the chief financial officer now owns 357,839 shares of the company’s stock, valued at $1,975,271.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 17.28% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EB. Vanguard Group Inc. grew its position in shares of Eventbrite by 0.6% during the third quarter. Vanguard Group Inc. now owns 7,901,768 shares of the company’s stock worth $77,911,000 after buying an additional 49,892 shares in the last quarter. Wellington Management Group LLP grew its holdings in Eventbrite by 19.2% during the 4th quarter. Wellington Management Group LLP now owns 4,415,760 shares of the company’s stock worth $36,916,000 after acquiring an additional 710,548 shares in the last quarter. American Century Companies Inc. increased its position in shares of Eventbrite by 55.7% in the 3rd quarter. American Century Companies Inc. now owns 4,109,897 shares of the company’s stock valued at $40,524,000 after purchasing an additional 1,470,551 shares during the last quarter. Invesco Ltd. lifted its position in shares of Eventbrite by 33.4% during the 3rd quarter. Invesco Ltd. now owns 3,600,139 shares of the company’s stock worth $35,497,000 after purchasing an additional 900,925 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of Eventbrite by 54.5% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 3,567,300 shares of the company’s stock worth $29,823,000 after purchasing an additional 1,259,000 shares during the last quarter. Hedge funds and other institutional investors own 91.64% 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.