The stock of Eventbrite Inc. (NYSE:EB) decreased by -$0.23 on Friday to finish at $10.01, down -2.25 percent. The last five days have seen an average of 598,860 shares of common stock traded. 25 times new highs were reached in the current year, with a gain of $4.15. The average number of shares traded over the last 20 days was 1,212,170, while the average volume over the last 50 days totaled 1,240,648.
EB stock dropped -7.23% since last month. On 07/26/23, the company’s shares reached a one-month low of $9.68. The stock touched a high of $11.90 on 08/07/23, after rallying from a low of $5.30 in 52 weeks. The price of EB stock has risen by 70.82% or $4.15 this year, reaching a new high 25 times. Still, the stock price is down -15.92% from the 52-week high.
Insider Transactions
EB stock investors should be aware that Eventbrite Inc. (EB) stock had its last reported insider trading activity 20 days ago on Aug 08. On Aug 08, Chief Technology Officer Sagi Vivek sold 100,568 shares at $11.24 each. This transaction resulted in the insider making $1,130,606. On May 12, Taylor Julia D. sold 36,187 shares at a price of US$7.00. After the transaction, the insider now owns 191,609 shares.
Valuation Metrics
Beta for the stock is 2.62. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.47, the price-to-book (PB) ratio of 5.69, and the price-to-cash flow ratio of 90.79.
Financial Health
For the three months ended June 29, Eventbrite Inc.’s quick ratio was 1.90, while its current ratio was 1.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.02, and the total debt to equity ratio is 2.02. As far as profitability goes, gross margin for the trailing twelve months is 66.60% percent. Eventbrite Inc.’s EBITDA margin for the year ended June 29 was -11.76%, whereas its operating margin stood at -13.30% for the same period. Based on annual data, it had gross profit of $170.18 million and revenue of $260.93 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EB’s return on assets (ROA) during the last 12 months has been -3.50%. There was a -9.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -19.90%.
Earnings Surprise
According to Eventbrite Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $78.91 million, while revenues rose by 16.31% to $77.91 million. It was predicted that Eventbrite Inc.’s quarterly earnings would be -$0.03, but it ended up being -$0.13, beating the consensus by 76.90%. EBITDA was -$2.73 million for the quarter. At the end of Eventbrite Inc.’s most recent quarter ended June 29, its liabilities totaled 736.5 million, while its total debt was $360.9 million. Equity owned by shareholders amounts to $100.18 million.
Technical Picture
Here’s a quick look at Eventbrite Inc.’s (EB) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 36.83%, suggesting the stock is Neutral, with a 27.30% historical volatility rate.
The stochastic %K and %D were 17.17% and 18.81% respectively, while the average true range (ATR) was 0.41. Based on the 14-day stochastic reading of 6.41%, the RSI (14) reading is 43.09%. On the 9-day MACD Oscillator, the stock is at -0.08, and the 14-day reading is at -0.34.
Analyst Ratings
In its most recent analyst report, KeyBanc Capital Markets raised its rating on Eventbrite Inc. (NYSE: EB) to an Overweight. Prior to this, analysts firm rated the stock as a Sector weight. Analysts have assigned Eventbrite Inc. (EB) an Overweight rating. EB is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is EB’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $17.00, with a median target price of $13.00. In analyzing these forecasts, the average price target given by analysts for Eventbrite Inc. (EB) is $13.40.
