Eventbrite (EB) Set to Announce Quarterly Earnings on Thursday

Eventbrite (NYSE:EB) will be announcing its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Eventbrite Stock Performance

Eventbrite stock opened at $3.98 on Wednesday. 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 company has a market capitalization of $386.50 million, a P/E ratio of -20.95 and a beta of 2.34. The stock’s 50 day moving average is $4.90 and its 200 day moving average is $5.81. Eventbrite has a twelve month low of $3.94 and a twelve month high of $11.90.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EB shares. Morgan Stanley cut their price target on Eventbrite from $9.00 to $6.50 and set an “equal weight” rating on the stock in a research note on Tuesday, May 21st. BWS Financial restated a “buy” rating and issued a $12.00 price target on shares of Eventbrite in a research note on Wednesday, July 17th. Finally, KeyCorp cut their target price on Eventbrite from $13.00 to $6.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.93.

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.