During the last session, Eventbrite Inc (NYSE:EB)’s traded shares were 0.85 million, with the beta value of the company hitting 2.28. At the end of the trading day, the stock’s price was $3.61, reflecting an intraday gain of 0.84% or $0.03. The 52-week high for the EB share is $9.20, that puts it down -154.85 from that peak though still a striking 30.47% gain since the share price plummeted to a 52-week low of $2.51. The company’s market capitalization is $349.75M, and the average intraday trading volume over the past 10 days was 2.01 million shares, and the average trade volume was 1.43 million shares over the past three months.
Eventbrite Inc (EB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.50. EB has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.05.
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Eventbrite Inc (NYSE:EB) trade information
Eventbrite Inc (EB) registered a 0.84% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.84% in intraday trading to $3.61, hitting a weekly high. The stock’s 5-day price performance is 3.14%, and it has moved by 24.91% in 30 days. Based on these gigs, the overall price performance for the year is -47.61%. The short interest in Eventbrite Inc (NYSE:EB) is 5.78 million shares and it means that shorts have 5.16 day(s) to cover.
The consensus price target of analysts on Wall Street is $15.5, which implies an increase of 76.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $23 respectively. As a result, EB is trading at a discount of -537.12% off the target high and -121.61% off the low.
Eventbrite Inc (EB) estimates and forecasts
Statistics show that Eventbrite Inc has outperformed its competitors in share price, compared to the industry in which it operates. Eventbrite Inc (EB) shares have gone down -27.66% during the last six months, with a year-to-date growth rate more than the industry average at 53.85% against 10.20. In the rating firms’ projections, revenue will decrease -0.44% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 76.18M as predicted by 5 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 74.88M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 87.76M and 86.25M respectively. In this case, analysts expect current quarter sales to shrink by -13.20% and then drop by -13.19% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 31.15%. While earnings are projected to return 53.23% in 2024, the next five years will return 46.40% per annum.
EB Dividends
Eventbrite Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Eventbrite Inc (NYSE:EB)’s Major holders
Eventbrite Inc insiders own 4.04% of total outstanding shares while institutional holders control 83.92%, with the float percentage being 87.46%. BLACKROCK INC. is the largest shareholder of the company, while 206.0 institutions own stock in it. As of 2024-06-30, the company held over 6.75 million shares (or 6.8088% of all shares), a total value of $32.66 million in shares.
The next largest institutional holding, with 6.42 million shares, is of EDMOND DE ROTHSCHILD HOLDING S.A.’s that is approximately 6.4761% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $31.06 million.
Also, the Mutual Funds coming in first place with the largest holdings of Eventbrite Inc (EB) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.5 shares. This amounts to just over 3.07 percent of the company’s overall shares, with a $9.01 million market value. The same data shows that the other fund manager holds slightly less at 2.07, or about 2.55% of the stock, which is worth about $7.48 million.
