Eventbrite, Inc. (NYSE:EB) Given Average Rating of “Moderate Buy” by Analysts

Shares of Eventbrite, Inc. (NYSE:EB) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.93.

A number of research analysts recently weighed in on EB shares. Morgan Stanley decreased their target price on Eventbrite from $9.00 to $6.50 and set an “equal weight” rating on the stock in a report on Tuesday, May 21st. BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Eventbrite in a research note on Friday, May 3rd. 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.

Eventbrite Price Performance

Shares of EB opened at $4.64 on Tuesday. The company has a market cap of $450.59 million, a price-to-earnings ratio of -24.42 and a beta of 2.34. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.95. The company’s fifty day simple moving average is $4.98 and its 200 day simple moving average is $6.13. Eventbrite has a 1-year low of $4.46 and a 1-year high of $11.90.

Eventbrite (NYSE:EB) last issued its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Eventbrite had a negative net margin of 5.47% and a negative return on equity of 10.00%. The company had revenue of $86.25 million for the quarter, compared to analysts’ expectations of $85.26 million. On average, research analysts forecast that Eventbrite will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eventbrite

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EB. BNP Paribas Financial Markets boosted its position 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 acquiring an additional 2,425 shares in the last quarter. Legato Capital Management LLC increased its stake in shares of Eventbrite by 18.2% in the 4th quarter. Legato Capital Management LLC now owns 20,442 shares of the company’s stock valued at $171,000 after purchasing an additional 3,141 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Eventbrite by 10.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,805 shares of the company’s stock worth $291,000 after buying an additional 3,311 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. bought a new stake in shares of Eventbrite during the 4th quarter worth $33,000. Finally, Harbor Capital Advisors Inc. grew its position in Eventbrite by 27.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 19,642 shares of the company’s stock valued at $164,000 after acquiring an additional 4,281 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

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.