Eventbrite, Inc. (NYSE:EB) Receives Consensus Rating of "Hold" from Brokerages

Eventbrite, Inc. (NYSE:EB - Get Free Report) has been assigned an average recommendation of "Hold" from the six analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.25.

Several research firms have recently commented on EB. BWS Financial reissued a "buy" rating and set a $7.00 target price on shares of Eventbrite in a research report on Monday, April 14th. B. Riley reissued a "neutral" rating and issued a $3.50 target price (down from $5.00) on shares of Eventbrite in a report on Friday, February 28th.

Eventbrite Stock Performance

Shares of NYSE EB traded down $0.05 during mid-day trading on Wednesday, reaching $2.31. 108,146 shares of the company were exchanged, compared to its average volume of 1,442,782. The company's 50-day simple moving average is $2.18 and its 200-day simple moving average is $2.97. The stock has a market capitalization of $218.12 million, a P/E ratio of -25.61 and a beta of 2.02. Eventbrite has a twelve month low of $1.81 and a twelve month high of $5.92. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

Eventbrite (NYSE:EB - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. The firm had revenue of $73.83 million during the quarter, compared to the consensus estimate of $72.88 million. As a group, research analysts predict that Eventbrite will post -0.12 earnings per share for the current year.

Institutional Trading of Eventbrite

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its position in shares of Eventbrite by 151.8% during the third quarter. Barclays PLC now owns 169,642 shares of the company's stock worth $462,000 after acquiring an additional 102,283 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in Eventbrite during the 4th quarter valued at about $37,000. SG Americas Securities LLC lifted its holdings in shares of Eventbrite by 18.5% during the 4th quarter. SG Americas Securities LLC now owns 89,012 shares of the company's stock valued at $299,000 after buying an additional 13,882 shares during the period. Savant Capital LLC raised its holdings in Eventbrite by 76.6% during the fourth quarter. Savant Capital LLC now owns 37,590 shares of the company's stock valued at $126,000 after acquiring an additional 16,310 shares during the period. Finally, White Pine Capital LLC bought a new position in shares of Eventbrite during the 4th quarter valued at approximately $300,000. Institutional investors and hedge funds own 91.64% of the company's stock.

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.