A View of Eventbrite Inc. (EB) Stock’s Fundamentals and Valuations

At the time of writing, Eventbrite Inc. [EB] stock is trading at $6.58, up down -2.37%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EB shares have lost -13.76% over the last week, with a monthly amount drifted -10.23%, and not seem to be holding up well over a long-time horizon.

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On 8, September 2022, Eventbrite to Participate in Piper Sandler Growth Frontiers Conference. In a post published today on Yahoo Finance, Eventbrite, Inc. (NYSE: EB), a global self-service ticketing, marketing, and experience technology platform, today announced that Lanny Baker, Chief Financial Officer, is scheduled to participate in a fireside chat at the Piper Sandler Growth Frontiers Conference on Wednesday, September 14, 2022, at 3:00 p.m. CT (1:00 p.m. PT).

From an analyst’s perspective:

Eventbrite Inc. [NYSE: EB] stock has seen the most recent analyst activity on July 15, 2022, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $13. On February 10, 2022, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $18 on the stock. SunTrust upgraded its rating to a Buy but stick to its price target of $12 on May 18, 2020. RBC Capital Mkts downgraded its rating to a Sector Perform and reduced its price target to $17 on February 28, 2020. In a note dated December 20, 2018, Stifel downgraded an Hold rating on this stock.

For the past year, the stock price of Eventbrite Inc. fluctuated between $6.63 and $22.52. Eventbrite Inc. [NYSE: EB] shares were valued at $6.58 at the most recent close of the market.

Analyzing the EB fundamentals

Gross Margin for this corporation currently stands at +56.89% with Operating Margin at -36.22%, Pretax Margin comes in at -73.56%, and Net Margin reading is -74.32%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.50 points at the first support level, and at 6.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.70, and for the 2nd resistance point, it is at 6.83.

Eventbrite Inc. [EB] reported earnings per share of -$0.2 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of $-0.07 and a surprise factor of -53.80%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.19 per share as compared to estimates of -$0.23 per share, a difference of $0.04 representing a surprise of 17.40%.

Ratios To Look Out For

It is important to note that Eventbrite Inc. [NYSE:EB] has a current ratio of 1.80. Also, the Quick Ratio is 1.88, while the Cash Ratio stands at 1.82. Considering the valuation of this stock, the price to sales ratio is 8.79, the price to book ratio is 9.98.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 24 insider buyings of 101,087 shares and 8 insider sellings of 27,333 shares. Recent insider trading involved Sagi Vivek, Chief Technology Officer, that happened on Feb 17 when 27377.0 shares were sold. Chief Technology Officer, Sagi Vivek completed a deal on Feb 16 to sell 16500.0 shares. Meanwhile, Chief Technology Officer Sagi Vivek sold 25000.0 shares on Feb 15.