Eventbrite (NYSE:EB) announced its quarterly earnings results on Thursday. The company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.10), Briefing.com reports. Eventbrite had a negative net margin of 23.53% and a negative return on equity of 13.82%. The business had revenue of $82.10 million for the quarter, compared to the consensus estimate of $76.49 million. During the same quarter last year, the firm posted ($1.24) EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year.
Shares of NYSE EB traded up $3.99 during trading on Friday, hitting $21.32. The stock had a trading volume of 3,016,582 shares, compared to its average volume of 803,769. Eventbrite has a 12 month low of $15.30 and a 12 month high of $33.82. 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 has a market capitalization of $1.52 billion, a PE ratio of -14.70 and a beta of 2.05. The firm has a fifty day moving average of $17.79 and a two-hundred day moving average of $17.67.
In other news, CTO Patrick David Poels sold 25,627 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $18.41, for a total value of $471,793.07. Also, insider Samantha Harnett sold 7,361 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $18.01, for a total transaction of $132,571.61. Corporate insiders own 19.61% of the company’s stock.
Several analysts have recently issued reports on EB shares. SunTrust Banks set a $20.00 target price on shares of Eventbrite and gave the stock a “hold” rating in a research note on Friday, August 16th. Zacks Investment Research upgraded shares of Eventbrite from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, November 5th. Finally, ValuEngine upgraded shares of Eventbrite from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $22.50.
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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