Eventbrite (EB) Set to Announce Quarterly Earnings on Thursday

Eventbrite (NYSE:EB) will issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Eventbrite has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Eventbrite (NYSE:EB) last released its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. Eventbrite had a negative return on equity of 7.82% and a negative net margin of 4.20%. The business had revenue of $84.55 million for the quarter, compared to the consensus estimate of $86.15 million. During the same period in the previous year, the company posted ($0.03) earnings per share. On average, analysts expect Eventbrite to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Eventbrite Stock Up 3.4 %

Shares of NYSE:EB traded up $0.11 on Tuesday, hitting $3.39. 327,664 shares of the company traded hands, compared to its average volume of 1,729,028. The company has a market cap of $325.78 million, a PE ratio of -21.87 and a beta of 2.29. The stock has a 50 day simple moving average of $2.95 and a 200-day simple moving average of $4.13. Eventbrite has a 52 week low of $2.51 and a 52 week high of $9.20. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 2.04.

Analyst Ratings Changes

Several research analysts have weighed in on the company. B. Riley dropped their price target on Eventbrite from $10.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Truist Financial cut shares of Eventbrite from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. BWS Financial reiterated a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a research note on Thursday, October 3rd. Piper Sandler cut Eventbrite from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $9.00 to $4.00 in a report on Friday, August 9th. Finally, KeyCorp lowered Eventbrite from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.58.

Insider Buying and Selling at Eventbrite

In related news, CTO Vivek Sagi sold 75,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $3.44, for a total value of $258,000.00. Following the completion of the sale, the chief technology officer now directly owns 495,464 shares of the company’s stock, valued at $1,704,396.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Charles Baker sold 20,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the transaction, the chief financial officer now directly owns 628,152 shares of the company’s stock, valued at approximately $1,903,300.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Vivek Sagi sold 75,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $3.44, for a total value of $258,000.00. Following the completion of the sale, the chief technology officer now owns 495,464 shares of the company’s stock, valued at approximately $1,704,396.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.46% of the stock is owned by corporate insiders.

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.