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

Eventbrite (NYSE:EB)‘s stock had its “neutral” rating reaffirmed by B. Riley in a research note issued to investors on Friday, Marketbeat Ratings reports. They presently have a $3.50 price target on the stock, down from their prior price target of $5.00. B. Riley’s price target would suggest a potential upside of 44.63% from the stock’s current price. 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 restated a “buy” rating and issued a $7.00 price objective on shares of Eventbrite in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.40.

Eventbrite Price Performance

Shares of Eventbrite stock opened at $2.42 on Friday. The stock’s 50-day simple moving average is $3.39 and its 200-day simple moving average is $3.27. Eventbrite has a 52 week low of $2.22 and a 52 week high of $6.01. The company has a market capitalization of $234.45 million, a price-to-earnings ratio of -26.89 and a beta of 2.26. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

Insider Transactions at Eventbrite

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

Institutional Investors Weigh In On Eventbrite

Several large investors have recently added to or reduced their stakes in EB. Nantahala Capital Management LLC increased its stake in Eventbrite by 76.5% during the fourth quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock worth $19,928,000 after acquiring an additional 2,569,747 shares during the last quarter. Winslow Capital Management LLC bought a new stake in Eventbrite during the fourth quarter worth approximately $7,962,000. Two Sigma Investments LP increased its stake in Eventbrite by 151.7% during the fourth quarter. Two Sigma Investments LP now owns 1,228,930 shares of the company’s stock worth $4,129,000 after acquiring an additional 740,717 shares during the last quarter. Whetstone Capital Advisors LLC increased its stake in Eventbrite by 74.6% during the third quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock worth $3,911,000 after acquiring an additional 612,173 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Eventbrite by 58.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,312,100 shares of the company’s stock worth $4,409,000 after acquiring an additional 484,800 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

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.