B. Riley Issues Pessimistic Outlook for Eventbrite Earnings

Eventbrite, Inc. (NYSE:EB - Free Report) - Stock analysts at B. Riley dropped their FY2026 earnings per share (EPS) estimates for Eventbrite in a research report issued on Sunday, May 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 previous estimate of $0.02. B. Riley currently has a "Neutral" rating and a $3.50 target price on the stock. 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 $0.13 EPS.

Separately, BWS Financial restated a "buy" rating and issued a $7.00 target price on shares of Eventbrite in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Eventbrite currently has an average rating of "Hold" and an average price target of $5.25.

Eventbrite Trading Up 0.9%

Eventbrite stock traded up $0.02 during trading hours on Tuesday, reaching $2.34. The company had a trading volume of 724,281 shares, 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 price of $2.18 and a 200 day moving average price of $2.97. The firm has a market cap of $221.43 million, a price-to-earnings 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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. The company had revenue of $73.83 million during the quarter, compared to analysts' expectations of $72.88 million. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%.

Hedge Funds Weigh In On Eventbrite

Large investors have recently made changes to their positions in the business. US Bancorp DE increased its position in shares of Eventbrite by 53.9% during the fourth quarter. US Bancorp DE now owns 40,011 shares of the company's stock valued at $134,000 after acquiring an additional 14,007 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Eventbrite by 550.0% during the 4th quarter. Alliancebernstein L.P. now owns 503,750 shares of the company's stock valued at $1,693,000 after purchasing an additional 426,250 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Eventbrite by 76.6% in the 4th quarter. Savant Capital LLC now owns 37,590 shares of the company's stock worth $126,000 after purchasing an additional 16,310 shares in the last quarter. Barclays PLC raised its stake in shares of Eventbrite by 151.8% in the third quarter. Barclays PLC now owns 169,642 shares of the company's stock worth $462,000 after purchasing an additional 102,283 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Eventbrite by 26.6% in the fourth quarter. Intech Investment Management LLC now owns 32,601 shares of the company's stock worth $110,000 after purchasing an additional 6,842 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other 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.