Equities analysts predict that Eventbrite Inc (NYSE:EB) will report earnings of ($0.26) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Eventbrite’s earnings, with estimates ranging from ($0.30) to ($0.19). Eventbrite reported earnings per share of ($0.72) during the same quarter last year, which would suggest a positive year-over-year growth rate of 63.9%. The company is scheduled to issue its next earnings report on Monday, November 11th.
According to Zacks, analysts expect that Eventbrite will report full year earnings of ($0.77) per share for the current fiscal year, with EPS estimates ranging from ($0.88) to ($0.59). For the next fiscal year, analysts forecast that the business will post earnings of ($0.51) per share, with EPS estimates ranging from ($0.77) to ($0.13). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Eventbrite.
Eventbrite (NYSE:EB) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.01. The business had revenue of $80.80 million for the quarter, compared to the consensus estimate of $76.44 million. Eventbrite had a negative net margin of 23.53% and a negative return on equity of 13.82%. The business’s revenue was up 19.7% compared to the same quarter last year.
A number of research firms have weighed in on EB. Zacks Investment Research downgraded shares of Eventbrite from a “hold” rating to a “sell” rating in a research note on Monday, August 19th. ValuEngine raised shares of Eventbrite from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, SunTrust Banks set a $20.00 price target on shares of Eventbrite and gave the stock a “hold” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Eventbrite has a consensus rating of “Hold” and an average price target of $23.33.
Shares of EB opened at $17.55 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.67. The company’s 50 day simple moving average is $17.82 and its 200 day simple moving average is $17.99. Eventbrite has a 1 year low of $15.30 and a 1 year high of $33.87.
In other news, insider Samantha Harnett sold 7,361 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $18.01, for a total value of $132,571.61. Also, SVP Patrick David Poels sold 26,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $17.71, for a total transaction of $460,460.00. Following the completion of the sale, the senior vice president now directly owns 27,210 shares of the company’s stock, valued at approximately $481,889.10. The disclosure for this sale can be found here. Company insiders own 19.61% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in EB. Vanguard Group Inc. grew its holdings in Eventbrite by 113.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,822,011 shares of the company’s stock valued at $45,716,000 after purchasing an additional 1,502,978 shares in the last quarter. Baillie Gifford & Co. grew its holdings in Eventbrite by 95.4% during the 2nd quarter. Baillie Gifford & Co. now owns 2,934,531 shares of the company’s stock valued at $47,539,000 after purchasing an additional 1,432,490 shares in the last quarter. Nikko Asset Management Americas Inc. grew its holdings in Eventbrite by 106.9% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,637,357 shares of the company’s stock valued at $42,725,000 after purchasing an additional 1,362,359 shares in the last quarter. Vista Equity Partners Management LLC acquired a new stake in Eventbrite during the 2nd quarter valued at $21,192,000. Finally, BlackRock Inc. grew its holdings in Eventbrite by 181.4% during the 2nd quarter. BlackRock Inc. now owns 2,014,636 shares of the company’s stock valued at $32,638,000 after purchasing an additional 1,298,789 shares in the last quarter. 52.82% of the stock is owned by institutional investors.
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.
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