Q3 2024 Earnings Forecast for Eventbrite, Inc. Issued By B. Riley (NYSE:EB)

Eventbrite, Inc. (NYSE:EB - Free Report) - Analysts at B. Riley upped their Q3 2024 earnings estimates for Eventbrite in a report issued on Sunday, May 5th. B. Riley analyst N. Khan now forecasts that the company will post earnings per share of $0.01 for the quarter, up from their prior estimate of ($0.01). The consensus estimate for Eventbrite's current full-year earnings is ($0.15) per share. B. Riley also issued estimates for Eventbrite's Q4 2024 earnings at $0.03 EPS, FY2024 earnings at ($0.03) EPS, FY2025 earnings at $0.31 EPS, FY2026 earnings at $0.45 EPS, FY2027 earnings at $0.66 EPS and FY2028 earnings at $1.00 EPS.

Eventbrite (NYSE:EB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $87.76 million for the quarter, compared to analyst estimates of $88.45 million. Eventbrite had a negative net margin of 5.47% and a negative return on equity of 10.00%.

Several other equities research analysts have also recently weighed in on EB. Truist Financial decreased their price target on Eventbrite from $17.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, February 28th. KeyCorp reduced their price target on shares of Eventbrite from $13.00 to $6.00 and set an "overweight" rating for the company in a research report on Tuesday, April 30th. Morgan Stanley lowered their price objective on Eventbrite from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 28th. BWS Financial restated a "buy" rating and set a $12.00 target price on shares of Eventbrite in a research report on Friday, May 3rd. Finally, Piper Sandler decreased their target price on Eventbrite from $13.00 to $9.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $10.29.

Eventbrite Stock Performance

Shares of Eventbrite stock traded down $0.16 during trading hours on Wednesday, reaching $5.43. The company had a trading volume of 1,256,187 shares, compared to its average volume of 1,722,084. Eventbrite has a one year low of $5.00 and a one year high of $11.90. The business has a fifty day simple moving average of $5.46 and a 200 day simple moving average of $7.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $553.15 million, a PE ratio of -29.42 and a beta of 2.44.

Insider Activity

In related news, CFO Charles Baker sold 20,000 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $5.52, for a total value of $110,400.00. Following the completion of the sale, the chief financial officer now owns 357,839 shares in the company, valued at approximately $1,975,271.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.28% of the company's stock.

Institutional Trading of Eventbrite

Several hedge funds have recently added to or reduced their stakes in the business. J.P. Morgan Private Wealth Advisors LLC raised its position in Eventbrite by 4.2% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 31,202 shares of the company's stock valued at $308,000 after purchasing an additional 1,271 shares during the last quarter. Covestor Ltd raised its holdings in shares of Eventbrite by 217.7% during the third quarter. Covestor Ltd now owns 2,783 shares of the company's stock valued at $27,000 after acquiring an additional 1,907 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Eventbrite by 3.5% in the fourth quarter. BNP Paribas Financial Markets now owns 71,858 shares of the company's stock worth $601,000 after acquiring an additional 2,425 shares during the period. Swiss National Bank boosted its holdings in Eventbrite by 1.5% in the third quarter. Swiss National Bank now owns 181,000 shares of the company's stock valued at $1,785,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Legato Capital Management LLC boosted its holdings in Eventbrite by 18.2% in the fourth quarter. Legato Capital Management LLC now owns 20,442 shares of the company's stock valued at $171,000 after acquiring an additional 3,141 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

Eventbrite Company Profile

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.