Eventbrite (NYSE:EB) Given Sell (D-) Rating at Weiss Ratings

Eventbrite (NYSE:EB)‘s stock had its “sell (d-)” rating reissued by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Morgan Stanley set a $2.70 price objective on shares of Eventbrite in a research note on Sunday, August 10th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.40.

Eventbrite Price Performance

Shares of Eventbrite stock opened at $2.41 on Wednesday. The firm has a fifty day simple moving average of $2.63 and a 200-day simple moving average of $2.45. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.19. Eventbrite has a 1-year low of $1.80 and a 1-year high of $4.12. The stock has a market capitalization of $232.57 million, a price-to-earnings ratio of -10.95 and a beta of 2.06.

Eventbrite (NYSE:EB) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. Eventbrite had a negative net margin of 6.93% and a negative return on equity of 11.91%. The business had revenue of $72.76 million during the quarter, compared to analysts’ expectations of $71.67 million. Eventbrite has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Eventbrite will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Eventbrite

Several large investors have recently bought and sold shares of the stock. Captrust Financial Advisors acquired a new position in Eventbrite during the 2nd quarter valued at $42,000. Tidal Investments LLC raised its stake in Eventbrite by 115.3% during the 2nd quarter. Tidal Investments LLC now owns 220,564 shares of the company’s stock valued at $580,000 after purchasing an additional 118,101 shares during the last quarter. Oxford Asset Management LLP acquired a new position in Eventbrite during the 2nd quarter valued at $75,000. Man Group plc raised its stake in Eventbrite by 45.6% during the 2nd quarter. Man Group plc now owns 113,656 shares of the company’s stock valued at $299,000 after purchasing an additional 35,580 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its holdings in Eventbrite by 45.0% in the 2nd quarter. Boothbay Fund Management LLC now owns 489,900 shares of the company’s stock valued at $1,288,000 after buying an additional 152,000 shares during the period. 91.64% of the stock is currently 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.