Eventbrite, Inc. (NYSE:EB) Given Consensus Rating of "Hold" by Brokerages

Shares of Eventbrite, Inc. (NYSE:EB - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six brokerages that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $5.25.

A number of brokerages recently weighed in on EB. BWS Financial reaffirmed a "buy" rating and set a $7.00 price objective on shares of Eventbrite in a research report on Monday, April 14th. B. Riley restated a "neutral" rating and issued a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a research report on Friday, February 28th.

Eventbrite Stock Performance

Shares of NYSE:EB traded up $0.02 during trading on Wednesday, reaching $2.34. 724,281 shares of the company's stock traded hands, compared to its average volume of 1,446,104. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. Eventbrite has a 12 month low of $1.81 and a 12 month high of $5.92. The company has a 50 day moving average of $2.18 and a 200-day moving average of $2.97. The stock has a market capitalization of $221.43 million, a P/E ratio of -26.00 and a beta of 2.02.

Eventbrite (NYSE:EB - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. The business had revenue of $73.83 million during the quarter, compared to the consensus estimate of $72.88 million. On average, equities analysts expect that Eventbrite will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EB. Nantahala Capital Management LLC boosted its holdings in shares of Eventbrite by 7.6% in the first quarter. Nantahala Capital Management LLC now owns 6,381,395 shares of the company's stock valued at $13,465,000 after acquiring an additional 450,448 shares in the last quarter. Winslow Capital Management LLC bought a new position in shares of Eventbrite in the fourth quarter valued at approximately $7,962,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Eventbrite by 6.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,343,284 shares of the company's stock valued at $7,873,000 after acquiring an additional 145,846 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Eventbrite by 102.0% in the first quarter. AQR Capital Management LLC now owns 2,202,617 shares of the company's stock valued at $4,648,000 after acquiring an additional 1,112,310 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Eventbrite by 24.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,016,634 shares of the company's stock valued at $6,776,000 after acquiring an additional 393,964 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

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.