Eventbrite Inc [EB] stock prices are up 7.07% to $5.60 at the moment. 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 gain 2.38% over the last week, with a monthly amount glided 4.48%, and seem to be holding up well over a long-time horizon.
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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 $5.60 at the most recent close of the market. An investor can expect a potential return of 176.79% 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 5.31 points at the first support level, and at 5.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.77, and for the 2nd resistance point, it is at 5.94.
Ratios To Look Out For
It’s worth pointing out that Eventbrite Inc [NYSE:EB]’s Current Ratio is 1.99. Also, the Quick Ratio is 1.99, while the Cash Ratio stands at 1.5. Considering the valuation of this stock, the price to sales ratio is 1.75, the price to book ratio is 2.96.
Transactions by insiders
Recent insider trading involved Baker Charles, CFO, that happened on Mar 15 ’24 when 20000.0 shares were sold. Chief Financial Officer, Baker Charles completed a deal on Dec 15 ’23 to sell 20000.0 shares. Meanwhile, Chief Technology Officer Sagi Vivek sold 0.1 million shares on Aug 08 ’23.
