Q3 2024 Earnings Estimate for Eventbrite, Inc. Issued By B. Riley (NYSE:EB)

Eventbrite, Inc. (NYSE:EB) – Equities research analysts at B. Riley boosted their Q3 2024 earnings per share estimates for shares of Eventbrite in a report released on Sunday, May 5th. B. Riley analyst N. Khan now forecasts that the company will earn $0.01 per share for the quarter, up from their previous 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 issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Eventbrite had a negative net margin of 5.47% and a negative return on equity of 10.00%. The business had revenue of $87.76 million during the quarter, compared to the consensus estimate of $88.45 million.

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

Eventbrite Price Performance

Shares of Eventbrite stock opened at $5.49 on Wednesday. The firm has a market cap of $558.75 million, a PE ratio of -28.87 and a beta of 2.44. Eventbrite has a twelve month low of $5.00 and a twelve month high of $11.90. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.95. The business has a 50-day moving average price of $5.45 and a 200 day moving average price of $7.07.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EB. J.P. Morgan Private Wealth Advisors LLC grew its position in Eventbrite by 4.2% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 31,202 shares of the company’s stock worth $308,000 after acquiring an additional 1,271 shares during the period. Covestor Ltd lifted its stake in shares of Eventbrite by 217.7% in the 3rd quarter. Covestor Ltd now owns 2,783 shares of the company’s stock valued at $27,000 after purchasing an additional 1,907 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Eventbrite by 3.5% during the 4th quarter. BNP Paribas Financial Markets now owns 71,858 shares of the company’s stock worth $601,000 after purchasing an additional 2,425 shares during the period. Swiss National Bank increased its position in shares of Eventbrite by 1.5% during the 3rd quarter. Swiss National Bank now owns 181,000 shares of the company’s stock worth $1,785,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Legato Capital Management LLC increased its position in shares of Eventbrite by 18.2% during the 4th quarter. Legato Capital Management LLC now owns 20,442 shares of the company’s stock worth $171,000 after purchasing an additional 3,141 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.