Eventbrite (NYSE:EB) Receives “Neutral” Rating from B. Riley

B. Riley restated their neutral rating on shares of Eventbrite (NYSE:EB) in a research note published on Friday, Marketbeat reports. They currently have a $3.50 target price on the stock, down from their previous target price of $5.00. B. Riley also issued estimates for Eventbrite’s FY2026 earnings at $0.12 EPS, FY2027 earnings at $0.14 EPS, FY2028 earnings at $0.29 EPS and FY2029 earnings at $0.45 EPS.

Separately, BWS Financial reissued a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Eventbrite has a consensus rating of “Hold” and an average target price of $5.40.

Eventbrite Stock Down 21.9 %

EB stock opened at $2.42 on Friday. The company has a market cap of $234.45 million, a P/E ratio of -26.89 and a beta of 2.26. Eventbrite has a 52 week low of $2.22 and a 52 week high of $6.01. The company’s 50-day moving average price is $3.40 and its 200 day moving average price is $3.28. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34.

Insider Buying and Selling at Eventbrite

In other news, COO Charles Baker sold 20,000 shares of the business’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 value of $71,000.00. Following the completion of the transaction, the chief operating officer now owns 617,487 shares of the company’s stock, valued at $2,192,078.85. The trade was a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 21.46% of the company’s stock.

Hedge Funds Weigh In On Eventbrite

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Eventbrite by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company’s stock valued at $209,000 after buying an additional 5,114 shares during the last quarter. Bank of New York Mellon Corp increased its position in Eventbrite by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 227,548 shares of the company’s stock worth $765,000 after purchasing an additional 5,359 shares during the last quarter. Intech Investment Management LLC increased its position in Eventbrite by 26.6% during the fourth quarter. Intech Investment Management LLC now owns 32,601 shares of the company’s stock worth $110,000 after purchasing an additional 6,842 shares during the last quarter. ProShare Advisors LLC increased its position in Eventbrite by 47.2% during the fourth quarter. ProShare Advisors LLC now owns 22,392 shares of the company’s stock worth $75,000 after purchasing an additional 7,182 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Eventbrite by 12.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 64,012 shares of the company’s stock worth $215,000 after purchasing an additional 7,300 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.