Eventbrite (NYSE:EB) is set to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
EB stock opened at $16.45 on Tuesday. Eventbrite has a 1-year low of $15.30 and a 1-year high of $40.25. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.42 billion and a P/E ratio of -11.34. The business has a 50 day simple moving average of $16.66.
EB has been the subject of several recent analyst reports. William Blair initiated coverage on Eventbrite in a research note on Monday, June 17th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded Eventbrite from a “hold” rating to a “sell” rating in a research note on Monday, June 17th. Stifel Nicolaus restated a “hold” rating and issued a $28.00 price target (up from $20.00) on shares of Eventbrite in a research note on Thursday, May 2nd. SunTrust Banks restated a “hold” rating and issued a $28.00 price target on shares of Eventbrite in a research note on Monday, April 29th. Finally, Royal Bank of Canada dropped their price target on Eventbrite to $22.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $27.40.
In other news, Director Andrew Dreskin sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.00, for a total transaction of $90,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Samantha Harnett sold 57,342 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $16.39, for a total value of $939,835.38. The disclosure for this sale can be found here. 19.61% of the stock is owned by corporate insiders.
Eventbrite, Inc operates a ticketing and event technology platform 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, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.
Further Reading: What can cause a stock to outperform?
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