In the latest trading session, 0.56 million Eventbrite Inc (NYSE:EB) shares changed hands as the company’s beta touched 2.28. With the company’s most recent per share price at $3.60 changing hands around $0.02 or 0.42% at last look, the market valuation stands at $348.29M. EB’s current price is a discount, trading about -155.56% off its 52-week high of $9.20. The share price had its 52-week low at $2.51, which suggests the last value was 30.28% up since then. When we look at Eventbrite Inc’s average trading volume, we note the 10-day average is 2.14 million shares, with the 3-month average coming to 1.68 million.
Analysts gave the Eventbrite Inc (EB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended EB as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Eventbrite Inc’s EPS for the current quarter is expected to be -0.06.
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Eventbrite Inc (NYSE:EB) trade information
Instantly EB is in green as seen in intraday trades today. With action 6.05%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -57.00%, with the 5-day performance at 6.05% in the green. However, in the 30-day time frame, Eventbrite Inc (NYSE:EB) is 34.64% up. Looking at the short shares, we see there were 6.64 million shares sold at short interest cover period of 4.48 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15.5, meaning bulls need an upside of 76.77% from its recent market value. According to analyst projections, EB’s forecast low is 8 with 23 as the target high. To hit the forecast high, the stock’s price needs a -538.89% plunge from its current level, while the stock would need to soar -122.22% for it to hit the projected low.
Eventbrite Inc (EB) estimates and forecasts
Data shows that the Eventbrite Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -32.55% over the past 6 months, a 23.08% in annual growth rate that is considerably higher than the industry average of 4.30%. Year-over-year growth is forecast to reach -1.00% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 75.7M. 3 analysts are of the opinion that Eventbrite Inc’s revenue for the current quarter will be 74.02M. The company’s revenue for the corresponding quarters a year ago was 87.76M and 86.25M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -13.70%. The estimates for the next quarter sales put growth at -14.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 31.15%. The 2024 estimates are for Eventbrite Inc earnings to increase by 45.46%, but the outlook for the next 5-year period is at 46.40% per year.
EB Dividends
Eventbrite Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
Eventbrite Inc (NYSE:EB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.17% of Eventbrite Inc shares while 89.84% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.75%. There are 89.84% institutions holding the Eventbrite Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.8088% of the shares, roughly 6.75 million EB shares worth $32.66 million.
EDMOND DE ROTHSCHILD HOLDING S.A. holds the second largest percentage of outstanding shares, with 6.4761% or 6.42 million shares worth $31.06 million as of 2024-06-30.
