Brokerages Set Eventbrite, Inc. (NYSE:EB) PT at $6.58

Eventbrite, Inc. (NYSE:EB) has been assigned an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $6.58.

Separately, BWS Financial restated a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a research note on Wednesday, November 13th.

Eventbrite Stock Down 4.0 %

Shares of Eventbrite stock opened at $3.49 on Friday. The firm’s 50 day moving average price is $3.55 and its 200-day moving average price is $3.48. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite has a 52-week low of $2.51 and a 52-week high of $9.20. The company has a market cap of $337.63 million, a P/E ratio of -38.72 and a beta of 2.26.

Eventbrite (NYSE:EB) last released its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. The company had revenue of $77.80 million during the quarter, compared to analysts’ expectations of $75.75 million. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. During the same period last year, the business earned ($0.10) EPS. On average, sell-side analysts predict that Eventbrite will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Eventbrite news, COO Charles Baker sold 20,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.55, for a total value of $71,000.00. Following the transaction, the chief operating officer now owns 617,487 shares of the company’s stock, valued at $2,192,078.85. This represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 21.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in Eventbrite in the third quarter valued at about $25,000. Pallas Capital Advisors LLC acquired a new stake in shares of Eventbrite during the fourth quarter worth about $37,000. Paloma Partners Management Co acquired a new stake in shares of Eventbrite during the third quarter worth about $44,000. Harbor Capital Advisors Inc. lifted its position in shares of Eventbrite by 54.8% during the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock worth $64,000 after purchasing an additional 8,307 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Eventbrite during the third quarter worth about $70,000. 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.