Eventbrite Inc (NYSE:EB) insider Samantha Harnett sold 2,675 shares of Eventbrite stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $19.52, for a total transaction of $52,216.00. Following the completion of the sale, the insider now directly owns 12,627 shares of the company’s stock, valued at approximately $246,479.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Samantha Harnett also recently made the following trade(s):
- On Thursday, October 10th, Samantha Harnett sold 7,361 shares of Eventbrite stock. The shares were sold at an average price of $18.01, for a total transaction of $132,571.61.
Shares of EB stock traded down $0.03 on Thursday, hitting $19.18. The company’s stock had a trading volume of 276,100 shares, compared to its average volume of 799,028. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.44 and a quick ratio of 1.44. Eventbrite Inc has a fifty-two week low of $15.30 and a fifty-two week high of $33.82. The firm’s fifty day moving average price is $19.54 and its 200-day moving average price is $17.78. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -13.23 and a beta of 2.20.
Eventbrite (NYSE:EB) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.10). The business had revenue of $82.10 million during the quarter, compared to analyst estimates of $76.49 million. Eventbrite had a negative net margin of 21.24% and a negative return on equity of 15.65%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.24) EPS. Analysts predict that Eventbrite Inc will post -0.89 EPS for the current fiscal year.
EB has been the subject of several analyst reports. Zacks Investment Research lowered shares of Eventbrite from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. SunTrust Banks set a $20.00 price objective on shares of Eventbrite and gave the company a “hold” rating in a research note on Friday, August 16th. Finally, ValuEngine raised shares of Eventbrite from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $22.50.
A number of institutional investors have recently added to or reduced their stakes in the business. Nikko Asset Management Americas Inc. lifted its position in Eventbrite by 21.2% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 3,197,187 shares of the company’s stock worth $56,622,000 after acquiring an additional 559,830 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Eventbrite by 59.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,197,187 shares of the company’s stock worth $56,622,000 after acquiring an additional 1,186,477 shares during the last quarter. Baillie Gifford & Co. lifted its position in Eventbrite by 95.4% during the 2nd quarter. Baillie Gifford & Co. now owns 2,934,531 shares of the company’s stock worth $47,539,000 after acquiring an additional 1,432,490 shares during the last quarter. Vanguard Group Inc. lifted its position in Eventbrite by 113.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,822,011 shares of the company’s stock worth $45,716,000 after acquiring an additional 1,502,978 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Eventbrite by 181.4% during the 2nd quarter. BlackRock Inc. now owns 2,014,636 shares of the company’s stock worth $32,638,000 after acquiring an additional 1,298,789 shares during the last quarter. 56.23% of the stock is owned by hedge funds and other institutional investors.
Eventbrite Company Profile
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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