Eventbrite, Inc. (NYSE:EB) CFO Charles Baker Sells 20,000 Shares

Eventbrite, Inc. (NYSE:EB) CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.03, for a total transaction of $60,600.00. Following the completion of the sale, the chief financial officer now owns 628,152 shares in the company, valued at $1,903,300.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Eventbrite Stock Performance

Shares of NYSE EB opened at $3.03 on Wednesday. The stock has a 50 day moving average of $3.89 and a 200-day moving average of $4.76. Eventbrite, Inc. has a 12 month low of $2.51 and a 12 month high of $10.40. The company has a market capitalization of $293.77 million, a P/E ratio of -15.92 and a beta of 2.33. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 2.04.

Eventbrite (NYSE:EB) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.07. The company had revenue of $84.55 million for the quarter, compared to analyst estimates of $86.15 million. Eventbrite had a negative net margin of 4.20% and a negative return on equity of 7.82%. During the same period in the prior year, the firm earned ($0.03) earnings per share. As a group, equities research analysts predict that Eventbrite, Inc. will post -0.24 EPS for the current year.

Institutional Investors Weigh In On Eventbrite

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its position in shares of Eventbrite by 3.5% in the fourth quarter. BNP Paribas Financial Markets now owns 71,858 shares of the company’s stock valued at $601,000 after acquiring an additional 2,425 shares during the period. Rhumbline Advisers boosted its holdings in Eventbrite by 3.5% in the 2nd quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock valued at $544,000 after purchasing an additional 3,829 shares during the period. Swiss National Bank grew its position in shares of Eventbrite by 3.1% during the 1st quarter. Swiss National Bank now owns 159,300 shares of the company’s stock worth $873,000 after purchasing an additional 4,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Eventbrite by 24.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock worth $140,000 after purchasing an additional 5,664 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Eventbrite in the first quarter valued at approximately $58,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on EB shares. Morgan Stanley lowered their target price on Eventbrite from $9.00 to $6.50 and set an “equal weight” rating on the stock in a research report on Tuesday, May 21st. Piper Sandler lowered Eventbrite from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $9.00 to $4.00 in a research report on Friday, August 9th. BWS Financial reiterated a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a research note on Friday, August 9th. KeyCorp cut shares of Eventbrite from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 9th. Finally, Truist Financial lowered shares of Eventbrite from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Eventbrite currently has a consensus rating of “Hold” and an average price target of $6.58.

About Eventbrite

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.