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Eventbrite (NYSE:EB) Shares Up 2.3% - Time to Buy?

Eventbrite logo with Computer and Technology background

Eventbrite, Inc. (NYSE:EB - Get Free Report) rose 2.3% during mid-day trading on Thursday . The company traded as high as $2.69 and last traded at $2.68. Approximately 357,408 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,309,672 shares. The stock had previously closed at $2.62.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a "buy" rating and issued a $7.00 price target on shares of Eventbrite in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $4.83.

Read Our Latest Stock Analysis on EB

Eventbrite Stock Up 1.4%

The business's 50-day moving average price is $2.47 and its 200-day moving average price is $2.67. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $239.89 million, a PE ratio of -13.34 and a beta of 2.07.

Eventbrite (NYSE:EB - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. The firm had revenue of $73.83 million for the quarter, compared to analyst estimates of $72.88 million. Eventbrite had a negative net margin of 5.66% and a negative return on equity of 10.12%. As a group, equities research analysts predict that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Eventbrite

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nantahala Capital Management LLC raised its position in Eventbrite by 7.6% during 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 acquired a new position in Eventbrite during the fourth quarter valued at approximately $7,962,000. Jacobs Levy Equity Management Inc. grew its holdings in Eventbrite by 6.6% during 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 purchasing an additional 145,846 shares during the last quarter. AQR Capital Management LLC grew its holdings in Eventbrite by 102.0% during the first quarter. AQR Capital Management LLC now owns 2,202,617 shares of the company's stock valued at $4,648,000 after purchasing an additional 1,112,310 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in Eventbrite by 24.3% during 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 purchasing an additional 393,964 shares during the last quarter. Institutional investors own 91.64% of the company's stock.

Eventbrite Company Profile

(Get Free Report)

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.

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