Shares of Eventbrite Inc (NYSE:EB) have been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $25.80.

A number of analysts have weighed in on EB shares. SunTrust Banks set a $20.00 target price on shares of Eventbrite and gave the company a “hold” rating in a research report on Friday, August 16th. William Blair began coverage on shares of Eventbrite in a report on Monday, June 17th. They set an “outperform” rating for the company. Finally, Zacks Investment Research downgraded shares of Eventbrite from a “hold” rating to a “sell” rating in a research report on Monday, August 19th.

Shares of NYSE EB traded up $1.15 during trading on Friday, reaching $19.10. The company had a trading volume of 909,044 shares, compared to its average volume of 822,482. The company’s fifty day moving average price is $17.79 and its 200-day moving average price is $19.25. Eventbrite has a 12 month low of $15.30 and a 12 month high of $40.25. The stock has a market cap of $1.45 billion and a P/E ratio of -13.17. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.19.

Eventbrite (NYSE:EB) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01. The company had revenue of $80.80 million during the quarter, compared to the consensus estimate of $76.44 million. Eventbrite had a negative return on equity of 13.82% and a negative net margin of 23.53%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, equities analysts predict that Eventbrite will post -0.77 earnings per share for the current year.

In other news, insider Samantha Harnett sold 57,342 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $16.39, for a total value of $939,835.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Patrick David Poels sold 26,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $17.71, for a total value of $460,460.00. Following the completion of the transaction, the senior vice president now directly owns 27,210 shares in the company, valued at $481,889.10. The disclosure for this sale can be found here. Corporate insiders own 19.61% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EB. Luxor Capital Group LP bought a new stake in Eventbrite in the second quarter worth approximately $810,000. Royal Bank of Canada lifted its stake in Eventbrite by 278.2% in the second quarter. Royal Bank of Canada now owns 73,755 shares of the company’s stock valued at $1,195,000 after buying an additional 54,254 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Eventbrite by 2,510.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,976 shares of the company’s stock worth $48,000 after buying an additional 2,862 shares in the last quarter. Eaton Vance Management bought a new position in shares of Eventbrite during the 2nd quarter worth approximately $3,773,000. Finally, Caledonia Private Investments Pty Ltd boosted its holdings in shares of Eventbrite by 9.4% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 278,280 shares of the company’s stock worth $4,508,000 after buying an additional 23,904 shares in the last quarter. 52.82% of the stock is owned by institutional investors and hedge funds.

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.

Featured Article: Coverage Ratio

Analyst Recommendations for Eventbrite (NYSE:EB)

Receive News & Ratings for Eventbrite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eventbrite and related companies with MarketBeat.com's FREE daily email newsletter.