Eventbrite Inc (NYSE: EB): Historical Performance And Trend

In the last trading session, 2.57 million shares of the Eventbrite Inc (NYSE:EB) were traded, and its beta was 2.51. Most recently the company’s share price was $5.48, and it changed around -$0.09 or -1.62% from the last close, which brings the market valuation of the company to $558.25M. EB currently trades at a discount to its 52-week high of $11.90, offering almost -117.15% off that amount. The share price’s 52-week low was $5.05, which indicates that the current value has risen by an impressive 7.85% since then. We note from Eventbrite Inc’s average daily trading volume that its 10-day average is 2.39 million shares, with the 3-month average coming to 1.68 million.

Eventbrite Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.71. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended EB as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Eventbrite Inc is expected to report earnings per share of -$0.04 for the current quarter.

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Eventbrite Inc (NYSE:EB) trade information

Instantly EB has showed a red trend with a performance of -1.62% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -34.45% year-to-date, but still down -3.18% over the last five days. On the other hand, Eventbrite Inc (NYSE:EB) is -5.52% down in the 30-day period. We can see from the shorts that 9.32 million shares have been sold at a short interest cover period of 3.82 day(s).

The consensus price target as assigned by Wall Street analysts is $15.5, which translates to bulls needing to increase their stock price by 64.65% from its current value. Analyst projections state that EB is forecast to be at a low of $8 and a high of $23.

Eventbrite Inc (EB) estimates and forecasts

Eventbrite Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -43.79 percent over the past six months and at a 53.85% annual growth rate that is well above the industry average of 19.90%. The year-over-year growth rate is expected to be 12.40%, up from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $85.2 million in revenue for the current quarter. 5 analysts expect Eventbrite Inc to make $88.91 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $77.91 million and $78.91 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 9.40%. Forecasts for the next quarter put sales growth at 12.70%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 31.15%. Eventbrite Inc earnings are expected to increase by 36.35% in 2024, but the outlook is positive 46.40% per year for the next five years.

EB Dividends

Eventbrite Inc’s next quarterly earnings report is expected to be released around May 07 and May 13.

Eventbrite Inc (NYSE:EB)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 3.02% of Eventbrite Inc shares, and 98.46% of them are in the hands of institutional investors. The stock currently has a share float of 101.53%. Eventbrite Inc stock is held by 235 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2023, it held 9.55% of the shares, which is about 7.88 million shares worth $75.24 million.

Vanguard Group Inc, with 9.52% or 7.85 million shares worth $74.99 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and American Century Small Cap Growth Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 2.53 million shares worth $24.2 million, making up 3.07% of all outstanding shares. On the other hand, American Century Small Cap Growth Fund held roughly 2.48 million shares worth around $28.49 million, which represents about 3.00% of the total shares outstanding.