Eventbrite (NYSE:EB) posted its earnings results on Thursday. The company reported ($0.36) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.10), Briefing.com reports. Eventbrite had a negative return on equity of 13.82% and a negative net margin of 23.53%. The business had revenue of $82.10 million for the quarter, compared to the consensus estimate of $76.49 million. During the same period in the previous year, the firm earned ($1.24) earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year.
Shares of NYSE EB traded up $3.99 during midday trading on Friday, reaching $21.32. The stock had a trading volume of 3,016,582 shares, compared to its average volume of 803,769. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -14.70 and a beta of 2.05. Eventbrite has a twelve month low of $15.30 and a twelve month high of $33.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.67 and a current ratio of 1.67. The company’s 50 day moving average price is $17.79 and its 200 day moving average price is $17.67.
In other news, CTO Patrick David Poels sold 25,627 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $18.41, for a total value of $471,793.07. Also, insider Samantha Harnett sold 7,361 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $18.01, for a total transaction of $132,571.61. 19.61% of the stock is currently owned by insiders.
EB has been the topic of a number of research reports. ValuEngine raised shares of Eventbrite from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Zacks Investment Research raised shares of Eventbrite from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, November 5th. Finally, SunTrust Banks set a $20.00 price target on shares of Eventbrite and gave the stock a “hold” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $22.50.
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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