Wall Street analysts expect that Eventbrite Inc (NYSE:EB) will announce earnings of ($0.19) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Eventbrite’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.23). The business is scheduled to announce its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Eventbrite will report full-year earnings of ($0.62) per share for the current fiscal year, with EPS estimates ranging from ($0.79) to ($0.48). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.40) per share, with EPS estimates ranging from ($0.72) to ($0.11). Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Eventbrite.
Eventbrite (NYSE:EB) last announced its earnings results on Wednesday, May 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.05). The business had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $82.97 million. The company’s revenue for the quarter was up 9.1% on a year-over-year basis.
EB has been the subject of a number of recent analyst reports. SunTrust Banks cut their price target on shares of Eventbrite to $28.00 and set a “hold” rating for the company in a report on Friday, March 8th. Royal Bank of Canada cut their price target on shares of Eventbrite and set an “outperform” rating for the company in a report on Friday, March 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $28.00 price target (up previously from $20.00) on shares of Eventbrite in a report on Thursday, May 2nd. Finally, Zacks Investment Research raised shares of Eventbrite from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $27.40.
Shares of NYSE:EB traded down $0.35 on Friday, reaching $17.80. 5,782 shares of the company’s stock were exchanged, compared to its average volume of 1,378,405. Eventbrite has a twelve month low of $15.30 and a twelve month high of $40.25. The firm has a market cap of $1.44 billion and a PE ratio of -12.30. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.22.
In related news, major shareholder Growth Capital Fund I, L.P. sold 685,027 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $20.84, for a total value of $14,275,962.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew Dreskin sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $20.86, for a total transaction of $1,251,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 960,399 shares of company stock valued at $20,555,176.
A number of large investors have recently modified their holdings of EB. Pearl River Capital LLC bought a new position in Eventbrite in the 1st quarter valued at approximately $36,000. NumerixS Investment Technologies Inc bought a new position in Eventbrite in the 1st quarter valued at approximately $118,000. Dynamic Technology Lab Private Ltd bought a new position in Eventbrite in the 1st quarter valued at approximately $241,000. Rathbone Brothers plc bought a new position in Eventbrite in the 1st quarter valued at approximately $249,000. Finally, Parametric Portfolio Associates LLC lifted its stake in Eventbrite by 11.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 13,323 shares of the company’s stock valued at $255,000 after purchasing an additional 1,319 shares during the last quarter. 37.79% of the stock is owned by institutional investors and hedge funds.
Eventbrite Company Profile
Eventbrite, Inc operates a ticketing and event technology platform 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, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.
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