FY2024 Earnings Forecast for Eventbrite Issued By B. Riley

Eventbrite, Inc. (NYSE:EB) – Equities researchers at B. Riley increased their FY2024 earnings estimates for Eventbrite in a note issued to investors on Monday, November 11th. B. Riley analyst N. Khan now anticipates that the company will post earnings per share of ($0.10) for the year, up from their prior estimate of ($0.16). B. Riley has a “Buy” rating and a $5.00 price objective on the stock. The consensus estimate for Eventbrite’s current full-year earnings is ($0.20) per share. B. Riley also issued estimates for Eventbrite’s Q4 2024 earnings at ($0.03) EPS, Q1 2025 earnings at ($0.05) EPS, Q3 2025 earnings at $0.02 EPS, FY2025 earnings at $0.01 EPS and FY2026 earnings at $0.62 EPS.

Other analysts also recently issued research reports about the stock. Piper Sandler downgraded shares of Eventbrite from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $9.00 to $4.00 in a research report on Friday, August 9th. KeyCorp downgraded Eventbrite from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 9th. BWS Financial reiterated a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a research note on Wednesday. Finally, Truist Financial cut Eventbrite from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Eventbrite currently has a consensus rating of “Hold” and an average target price of $6.58.

Eventbrite Stock Performance

NYSE EB opened at $3.77 on Thursday. Eventbrite has a 1 year low of $2.51 and a 1 year high of $9.20. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $361.82 million, a PE ratio of -41.83 and a beta of 2.29. The company has a fifty day moving average of $3.01 and a two-hundred day moving average of $4.05.

Institutional Investors Weigh In On Eventbrite

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of Eventbrite by 169.7% in the 1st quarter. BNP Paribas Financial Markets now owns 193,824 shares of the company’s stock worth $1,062,000 after buying an additional 121,966 shares in the last quarter. Swiss National Bank increased its stake in shares of Eventbrite by 3.1% during the 1st quarter. Swiss National Bank now owns 159,300 shares of the company’s stock worth $873,000 after purchasing an additional 4,800 shares in the last quarter. Sei Investments Co. raised its position in shares of Eventbrite by 597.8% during the 1st quarter. Sei Investments Co. now owns 115,237 shares of the company’s stock worth $632,000 after purchasing an additional 98,723 shares during the last quarter. Entropy Technologies LP purchased a new stake in Eventbrite in the 1st quarter valued at approximately $115,000. Finally, Acadian Asset Management LLC grew its holdings in Eventbrite by 1,827.6% during the 1st quarter. Acadian Asset Management LLC now owns 876,014 shares of the company’s stock valued at $4,799,000 after buying an additional 830,568 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Transactions at Eventbrite

In related news, CTO Vivek Sagi sold 75,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $3.44, for a total value of $258,000.00. Following the completion of the sale, the chief technology officer now owns 495,464 shares in the company, valued at $1,704,396.16. This trade represents a 13.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Charles Baker sold 20,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the transaction, the chief financial officer now owns 628,152 shares in the company, valued at $1,903,300.56. The trade was a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.46% of the company’s stock.

Eventbrite Company Profile

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.