Eventbrite (NYSE:EB) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Eventbrite (NYSE:EB) announced its earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03), Zacks reports. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. Eventbrite updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Eventbrite Price Performance

EB stock traded down $0.09 on Thursday, hitting $3.10. 1,132,964 shares of the company’s stock traded hands, compared to its average volume of 733,599. The stock has a fifty day moving average of $3.41 and a 200-day moving average of $3.28. The stock has a market cap of $299.85 million, a price-to-earnings ratio of -34.39 and a beta of 2.27. Eventbrite has a 1-year low of $2.51 and a 1-year high of $6.17. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Eventbrite in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Eventbrite presently has an average rating of “Hold” and a consensus price target of $6.58.

Insider Buying and Selling at Eventbrite

In related news, COO Charles Baker sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the completion of the sale, the chief operating officer now directly owns 617,487 shares in the company, valued at approximately $2,192,078.85. This trade represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 21.46% of the company’s stock.

Eventbrite Company Profile

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.