Eventbrite Inc [EB] stock prices are up 8.81% to $5.56 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EB shares have gain 1.28% over the last week, with a monthly amount drifted -34.97%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 14, March 2024, Eventbrite Announces $100 Million Share Repurchase Program. In a post published today on Yahoo Finance, Eventbrite, Inc. (NYSE:EB), a global events marketplace, today announced its Board of Directors has authorized the repurchase of up to $100 million of outstanding Class A common stock. Under the program, Eventbrite may purchase shares of Class A common stock through open market purchases, block trades, privately negotiated transactions, accelerated share repurchase transactions, and/or pursuant to Rule 10b5-1 plans, in compliance with applicable securities laws and other legal requirements. The volume and timing of any repurchases will be subject to general market conditions, as well as Eventbrite’s management of capital, general business conditions, other investment opportunities, and other factors. The repurchase program does not obligate Eventbrite to repurchase any specific number of shares, has no time limit, and may be modified, suspended, or discontinued at any time at the company’s discretion.
From an analyst’s perspective:
Eventbrite Inc [NYSE: EB] stock has seen the most recent analyst activity on December 08, 2023, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $13. Previously, BWS Financial started tracking the stock with Buy rating on November 27, 2023, and set its price target to $12. On July 27, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $14 on the stock. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $13 on July 15, 2022. KeyBanc Capital Markets initiated its recommendation with a Sector Weight. Morgan Stanley started tracking with a Equal-Weight rating for this stock on February 10, 2022, and assigned it a price target of $18. In a note dated May 18, 2020, SunTrust upgraded an Buy rating on this stock but restated the target price of $12.
The stock price of Eventbrite Inc [EB] has been fluctuating between $5.05 and $11.90 over the past year. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. Eventbrite Inc [NYSE: EB] shares were valued at $5.56 at the most recent close of the market. An investor can expect a potential return of 178.78% based on the average EB price forecast.
Analyzing the EB fundamentals
The Eventbrite Inc [NYSE:EB] reported sales of 326.13M for trailing twelve months, representing a surge of 22.68%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.15 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.87.
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 5.41 points at the first support level, and at 5.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.75, and for the 2nd resistance point, it is at 5.93.
Eventbrite Inc [EB] reported earnings per share of -$0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.05/share, meaning a difference of $0.04 and a surprise factor of 80.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.1 per share as compared to estimates of -$0.11 per share, a difference of $0.01 representing a surprise of 9.10%.
Ratios To Look Out For
It’s worth pointing out that Eventbrite Inc [NYSE:EB]’s Current Ratio is 1.99. In addition, the Quick Ratio stands at 1.99 and the Cash Ratio stands at 1.5. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 2.94.
Transactions by insiders
Recent insider trading involved Baker Charles, Chief Financial Officer, that happened on Dec 15 ’23 when 20000.0 shares were sold. Chief Technology Officer, Sagi Vivek completed a deal on Aug 08 ’23 to sell 0.1 million shares. Meanwhile, General Counsel Taylor Julia D. sold 36187.0 shares on May 12 ’23.
