Eventbrite (EB) Scheduled to Post Quarterly Earnings on Thursday

Eventbrite (NYSE:EB) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Eventbrite has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Eventbrite (NYSE:EB) last released its earnings results on Tuesday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Eventbrite had a negative return on equity of 14.87% and a negative net margin of 8.12%. The business had revenue of $87.76 million during the quarter, compared to the consensus estimate of $88.45 million. On average, analysts expect Eventbrite to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Eventbrite Stock Performance

NYSE:EB opened at $5.26 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.99 and a quick ratio of 1.99. The business has a fifty day simple moving average of $6.09 and a two-hundred day simple moving average of $7.34. Eventbrite has a 1 year low of $5.00 and a 1 year high of $11.90. The company has a market capitalization of $535.83 million, a P/E ratio of -19.48 and a beta of 2.51.

Insider Activity

In other news, CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 357,839 shares in the company, valued at $1,975,271.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 17.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EB shares. Piper Sandler decreased their target price on Eventbrite from $13.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. 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. Finally, Morgan Stanley reduced their price target on Eventbrite from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

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.