Eventbrite (NYSE:EB) Issues Earnings Results, Misses Estimates By $0.08 EPS

Eventbrite (NYSE:EB) posted its quarterly earnings results on Thursday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.08), FiscalAI reports. The business had revenue of $73.51 million during the quarter, compared to analysts’ expectations of $73.13 million. Eventbrite had a negative net margin of 3.64% and a negative return on equity of 9.32%.

Eventbrite Stock Performance

Shares of EB remained flat at $4.51 during trading hours on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50 day simple moving average is $4.44 and its 200-day simple moving average is $3.51. Eventbrite has a twelve month low of $1.80 and a twelve month high of $4.51. The company has a market capitalization of $440.51 million, a P/E ratio of -37.58 and a beta of 1.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EB. Schonfeld Strategic Advisors LLC acquired a new position in shares of Eventbrite in the third quarter worth about $36,000. BNP Paribas Financial Markets grew its position in shares of Eventbrite by 103.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,807 shares of the company’s stock valued at $37,000 after acquiring an additional 7,512 shares during the period. Captrust Financial Advisors purchased a new position in shares of Eventbrite in the 2nd quarter valued at about $42,000. Great Lakes Advisors LLC purchased a new position in shares of Eventbrite in the 1st quarter valued at about $44,000. Finally, CIBC Asset Management Inc acquired a new position in Eventbrite in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Eventbrite in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eventbrite presently has an average rating of “Hold” and a consensus price target of $4.85.

About Eventbrite

Eventbrite is a global event management and ticketing platform that enables organizers to create, promote and sell tickets for live and virtual experiences. The company’s software-as-a-service platform offers tools for event registration, ticketing, seating allocation and on­-site check­-in, allowing users to handle everything from small community gatherings to large-scale festivals through a single interface.

Beyond basic ticket sales, Eventbrite provides integrated marketing and analytics solutions designed to help hosts grow attendance and engage audiences.