Wall Street brokerages expect Eventbrite Inc (NYSE:EB) to report earnings of ($0.20) per share for the current quarter, Zacks reports. Four analysts have issued estimates for Eventbrite’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.26). Eventbrite reported earnings of ($0.17) per share in the same quarter last year, which indicates a negative year over year growth rate of 17.6%. The company is expected to announce its next quarterly earnings report on Thursday, March 5th.

According to Zacks, analysts expect that Eventbrite will report full year earnings of ($0.77) per share for the current fiscal year, with EPS estimates ranging from ($0.88) to ($0.59). For the next year, analysts forecast that the company will post earnings of ($0.51) per share, with EPS estimates ranging from ($0.76) to ($0.13). Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Eventbrite.

Eventbrite (NYSE:EB) last released its earnings results 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). Eventbrite had a negative return on equity of 13.82% and a negative net margin of 23.53%. The company had revenue of $82.10 million for the quarter, compared to the consensus estimate of $76.49 million. During the same quarter in the previous year, the company posted ($1.24) EPS. The business’s revenue was up 11.5% on a year-over-year basis.

Several research firms recently issued reports on EB. Zacks Investment Research upgraded Eventbrite from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, November 5th. SunTrust Banks set a $20.00 target price on Eventbrite and gave the stock a “hold” rating in a report on Friday, August 16th. Finally, ValuEngine upgraded Eventbrite from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Eventbrite has an average rating of “Buy” and a consensus price target of $22.50.

EB traded up $3.99 on Friday, hitting $21.32. 3,016,582 shares of the company were exchanged, 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 market cap of $1.52 billion, a PE 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 stock’s fifty day moving average is $17.79 and its 200-day moving average is $17.67.

In other Eventbrite news, CTO Patrick David Poels sold 25,627 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was 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 that occurred on Thursday, October 10th. The shares were sold at an average price of $18.01, for a total value of $132,571.61. 19.61% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in EB. Vanguard Group Inc. increased its stake in shares of Eventbrite by 113.9% during the second quarter. Vanguard Group Inc. now owns 2,822,011 shares of the company’s stock worth $45,716,000 after purchasing an additional 1,502,978 shares during the period. Baillie Gifford & Co. increased its stake in shares of Eventbrite by 95.4% during the second quarter. Baillie Gifford & Co. now owns 2,934,531 shares of the company’s stock worth $47,539,000 after purchasing an additional 1,432,490 shares during the period. Nikko Asset Management Americas Inc. increased its stake in shares of Eventbrite by 106.9% during the second quarter. Nikko Asset Management Americas Inc. now owns 2,637,357 shares of the company’s stock worth $42,725,000 after purchasing an additional 1,362,359 shares during the period. Vista Equity Partners Management LLC bought a new position in shares of Eventbrite during the second quarter worth approximately $21,192,000. Finally, BlackRock Inc. increased its stake in shares of Eventbrite by 181.4% during the second quarter. BlackRock Inc. now owns 2,014,636 shares of the company’s stock worth $32,638,000 after purchasing an additional 1,298,789 shares during the period. Hedge funds and other institutional investors own 54.61% of the company’s stock.

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.

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