Eventbrite (NYSE:EB) released its quarterly earnings data on Thursday. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.10), Briefing.com reports. Eventbrite had a negative return on equity of 13.82% and a negative net margin of 23.53%. The firm had revenue of $82.10 million for the quarter, compared to the consensus estimate of $76.49 million. During the same period in the previous year, the business earned ($1.24) EPS. The firm’s revenue was up 11.5% compared to the same quarter last year.
EB stock traded up $3.99 during mid-day trading on Friday, hitting $21.32. 3,016,582 shares of the company were exchanged, compared to its average volume of 803,769. 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 has a market cap of $1.52 billion, a P/E ratio of -14.70 and a beta of 2.05. The firm’s 50 day simple moving average is $17.79 and its 200 day simple moving average is $17.67. Eventbrite has a 1-year low of $15.30 and a 1-year high of $33.82.
In other news, CTO Patrick David Poels sold 25,627 shares of Eventbrite stock in a transaction that occurred on Thursday, October 31st. The shares were 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 Eventbrite stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $18.01, for a total transaction of $132,571.61. Company insiders own 19.61% of the company’s stock.
Several research firms recently weighed in on EB. ValuEngine raised shares of Eventbrite from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. SunTrust Banks set a $20.00 price objective on shares of Eventbrite and gave the stock a “hold” rating in a research note on Friday, August 16th. Finally, Zacks Investment Research raised shares of Eventbrite from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $22.50.
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.
Further Reading: What are different types of coverage ratios?
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.