Eventbrite (NYSE:EB) Posts Earnings Results, Misses Estimates By $0.10 EPS

Eventbrite (NYSE:EB) announced its quarterly earnings data on Thursday. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $76.49 million. During the same quarter in the prior year, the company posted ($1.24) EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year.

Shares of EB stock traded up $3.99 during mid-day trading on Friday, reaching $21.32. The company’s stock had a trading volume of 3,016,582 shares, compared to its average volume of 803,769. Eventbrite has a 1-year low of $15.30 and a 1-year high of $33.82. The company has a market cap of $1.52 billion, a P/E ratio of -14.70 and a beta of 2.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.67 and a current ratio of 1.67. The firm’s 50-day moving average is $17.79 and its two-hundred day moving average is $17.67.

In related news, CTO Patrick David Poels sold 25,627 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $18.41, for a total transaction of $471,793.07. Also, insider Samantha Harnett sold 7,361 shares of the stock in a transaction dated 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.

A number of equities analysts have recently issued reports on EB shares. Zacks Investment Research upgraded shares of Eventbrite from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, November 5th. ValuEngine upgraded 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 objective on shares of Eventbrite and gave the company a “hold” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Eventbrite has an average rating of “Buy” and a consensus price target of $22.50.

About Eventbrite

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.

Further Reading: Portfolio Manager

Earnings History for Eventbrite (NYSE:EB)

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