B. Riley Has Bearish Estimate for Eventbrite FY2026 Earnings

Key Points

• B. Riley has revised its FY2026 earnings per share (EPS) forecast for Eventbrite to ($0.01), down from an earlier estimate of $0.01, against a consensus estimate of ($0.12) for the full year.
• Eventbrite reported quarterly earnings of ($0.02) EPS, which surpassed analysts' expectations of ($0.08), with revenues reaching $72.76 million.
• Institutional investors currently own approximately 91.64% of Eventbrite's stock, with Pallas Capital Advisors LLC increasing its holdings by 52.2% in the last quarter.

Eventbrite, Inc. (NYSE:EB - Free Report) - Investment analysts at B. Riley lowered their FY2026 earnings per share estimates for shares of Eventbrite in a research report issued to clients and investors on Monday, August 11th. B. Riley analyst N. Khan now expects that the company will post earnings of ($0.01) per share for the year, down from their prior forecast of $0.01. The consensus estimate for Eventbrite's current full-year earnings is ($0.12) per share. B. Riley also issued estimates for Eventbrite's FY2029 earnings at $0.14 EPS.

Eventbrite (NYSE:EB - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.06. Eventbrite had a negative return on equity of 11.91% and a negative net margin of 6.93%. The business had revenue of $72.76 million for the quarter, compared to the consensus estimate of $71.67 million.

Separately, Morgan Stanley set a $2.70 price target on Eventbrite in a report on Sunday, August 10th.

Eventbrite Stock Up 0.8%

Shares of EB stock traded up $0.02 on Tuesday, reaching $2.62. 983,921 shares of the company's stock traded hands, compared to its average volume of 890,485. Eventbrite has a 12-month low of $1.80 and a 12-month high of $4.12. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $247.93 million, a P/E ratio of -11.91 and a beta of 2.09. The business's 50 day moving average price is $2.52 and its two-hundred day moving average price is $2.50.

Institutional Trading of Eventbrite

A number of institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Eventbrite by 80.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,917 shares of the company's stock worth $80,000 after buying an additional 16,903 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Eventbrite by 4.5% during the 4th quarter. Ameriprise Financial Inc. now owns 237,387 shares of the company's stock worth $798,000 after purchasing an additional 10,144 shares during the last quarter. Pallas Capital Advisors LLC lifted its position in shares of Eventbrite by 52.2% during the 1st quarter. Pallas Capital Advisors LLC now owns 16,928 shares of the company's stock worth $36,000 after purchasing an additional 5,803 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Eventbrite by 550.0% during the 4th quarter. Alliancebernstein L.P. now owns 503,750 shares of the company's stock worth $1,693,000 after purchasing an additional 426,250 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Eventbrite by 26.7% during the 4th quarter. Wells Fargo & Company MN now owns 38,264 shares of the company's stock worth $129,000 after purchasing an additional 8,070 shares during the last quarter. 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.