Eventbrite (NYSE:EB) Announces Earnings Results

Eventbrite (NYSE:EB) issued its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03), Zacks reports. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. Eventbrite updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Eventbrite Stock Performance

Shares of EB traded down $0.09 during mid-day trading on Thursday, hitting $3.10. The stock had a trading volume of 1,132,964 shares, compared to its average volume of 733,599. The business has a fifty day moving average price of $3.41 and a 200-day moving average price of $3.28. The firm has a market cap of $299.85 million, a P/E ratio of -34.39 and a beta of 2.27. Eventbrite has a 52 week low of $2.51 and a 52 week high of $6.17. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56.

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 transaction of $71,000.00. Following the completion of the sale, the chief operating officer now directly owns 617,487 shares in the company, 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 at this hyperlink. 21.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Eventbrite presently has a consensus rating of “Hold” and an average target price of $6.58.

Eventbrite Company Profile

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.