Q3 2024 EPS Estimates for Eventbrite, Inc. Boosted by B. Riley (NYSE:EB)

Eventbrite, Inc. (NYSE:EB) – Research analysts at B. Riley raised their Q3 2024 EPS estimates for Eventbrite in a report released on Sunday, May 5th. B. Riley analyst N. Khan now expects that the company will post earnings per share of $0.01 for the quarter, up from their previous forecast 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) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $87.76 million for 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%.

EB has been the topic of a number of other research reports. BWS Financial reissued a “buy” rating and set a $12.00 price objective on shares of Eventbrite in a report on Friday, May 3rd. KeyCorp reduced their price target on shares of Eventbrite from $13.00 to $6.00 and set an “overweight” rating for the company in a research report on Tuesday, April 30th. Piper Sandler decreased their price objective on shares of Eventbrite from $13.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Morgan Stanley cut their target price on Eventbrite from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Finally, Truist Financial decreased their target price on Eventbrite from $17.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Eventbrite has an average rating of “Moderate Buy” and a consensus price target of $10.29.

Eventbrite Price Performance

Shares of NYSE EB opened at $5.43 on Wednesday. The stock’s 50-day simple moving average is $5.45 and its 200-day simple moving average is $7.08. The firm has a market capitalization of $553.15 million, a PE ratio of -28.58 and a beta of 2.44. Eventbrite has a fifty-two week low of $5.00 and a fifty-two week high of $11.90. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Transactions at Eventbrite

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $5.52, for a total value of $110,400.00. Following the sale, the chief financial officer now owns 357,839 shares of the company’s stock, valued at approximately $1,975,271.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 17.28% of the company’s stock.

Hedge Funds Weigh In On Eventbrite

Institutional investors and hedge funds have recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. boosted its position in shares of Eventbrite by 47.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 5,267,900 shares of the company’s stock worth $28,868,000 after buying an additional 1,700,600 shares in the last quarter. American Century Companies Inc. grew its position in shares of Eventbrite by 55.7% in the third 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. Wellington Management Group LLP grew its position in shares of Eventbrite by 43.1% in the third quarter. Wellington Management Group LLP now owns 3,705,212 shares of the company’s stock valued at $36,533,000 after purchasing an additional 1,116,749 shares during the last quarter. Invesco Ltd. increased its position in Eventbrite by 33.4% during the third quarter. Invesco Ltd. now owns 3,600,139 shares of the company’s stock worth $35,497,000 after buying an additional 900,925 shares in the last quarter. Finally, Deepwater Asset Management LLC increased its position in Eventbrite by 148.9% during the 4th quarter. Deepwater Asset Management LLC now owns 1,242,083 shares of the company’s stock worth $10,384,000 after purchasing an additional 743,024 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

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.