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

Eventbrite (NYSE:EB) posted its earnings results on Thursday. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.10), Briefing.com reports. The firm had revenue of $82.10 million for the quarter, compared to the consensus estimate of $76.49 million. Eventbrite had a negative net margin of 23.53% and a negative return on equity of 13.82%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.24) earnings per share.

EB traded up $3.99 during trading on Friday, reaching $21.32. The company had a trading volume of 3,016,582 shares, compared to its average volume of 803,769. The stock has a market cap of $1.52 billion, a P/E ratio of -14.70 and a beta of 2.05. The business has a 50 day simple moving average of $17.79 and a 200-day simple moving average of $17.67. Eventbrite has a 52 week low of $15.30 and a 52 week high of $33.82. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.19.

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

In related news, insider Samantha Harnett sold 7,361 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $18.01, for a total value of $132,571.61. Also, CTO Patrick David Poels sold 25,627 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $18.41, for a total value of $471,793.07. 19.61% of the stock is owned by company insiders.

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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Earnings History for Eventbrite (NYSE:EB)

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