Short Interest in Eventbrite Inc (NYSE:EB) Increases By 7.6%

Share on StockTwits

Eventbrite Inc (NYSE:EB) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 3,686,000 shares, a growth of 7.6% from the May 30th total of 3,426,600 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 32.6% of the shares of the stock are short sold.

Shares of NYSE:EB traded up $0.01 during trading on Tuesday, reaching $16.01. 1,461 shares of the stock were exchanged, compared to its average volume of 1,160,045. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.63 and a current ratio of 1.63. Eventbrite has a 12-month low of $15.30 and a 12-month high of $40.25. The firm has a market capitalization of $1.29 billion and a price-to-earnings ratio of -11.06. The company has a 50-day moving average price of $16.20.

Eventbrite (NYSE:EB) last issued its earnings results on Wednesday, May 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.05). The firm had revenue of $81.30 million during the quarter, compared to analyst estimates of $82.97 million. Eventbrite’s revenue was up 9.1% on a year-over-year basis. On average, analysts expect that Eventbrite will post -0.64 earnings per share for the current fiscal year.

Several analysts have commented on the company. Zacks Investment Research cut Forward Air from a “hold” rating to a “sell” rating in a report on Monday, June 17th. Stifel Nicolaus lifted their price target on Wayfair from $132.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Royal Bank of Canada set a $42.00 price target on Devon Energy and gave the company a “hold” rating in a report on Thursday, May 2nd. SunTrust Banks lifted their price target on Lendingtree to $326.00 and gave the company a “hold” rating in a report on Monday, April 29th. They noted that the move was a valuation call. Finally, William Blair restated an “outperform” rating on shares of Portola Pharmaceuticals in a report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.40.

In other Eventbrite news, Director Andrew Dreskin sold 5,000 shares of Eventbrite stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $23.00, for a total value of $115,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Samantha Harnett sold 57,342 shares of Eventbrite stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $16.39, for a total value of $939,835.38. The disclosure for this sale can be found here. Insiders sold a total of 228,342 shares of company stock valued at $5,023,105 in the last three months. 19.61% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of EB. Pearl River Capital LLC purchased a new stake in shares of Eventbrite during the 1st quarter worth about $36,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Eventbrite during the 1st quarter worth about $118,000. Rathbone Brothers plc purchased a new stake in shares of Eventbrite during the 1st quarter worth about $249,000. Parallel Advisors LLC purchased a new stake in shares of Eventbrite during the 1st quarter worth about $285,000. Finally, Financial Advocates Investment Management grew its holdings in shares of Eventbrite by 701.9% during the 4th quarter. Financial Advocates Investment Management now owns 3,400 shares of the company’s stock worth $297,000 after purchasing an additional 2,976 shares during the period. Institutional investors and hedge funds own 44.46% of the company’s stock.

About Eventbrite

Eventbrite, Inc operates a ticketing and event technology platform 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, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Receive News & Ratings for Eventbrite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eventbrite and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Western Midstream Partners  Downgraded by LADENBURG THALM/SH SH
Western Midstream Partners Downgraded by LADENBURG THALM/SH SH
Zoetis  Given New $130.00 Price Target at SunTrust Banks
Zoetis Given New $130.00 Price Target at SunTrust Banks
UDR  Price Target Raised to $52.00
UDR Price Target Raised to $52.00
SunTrust Banks Lowers Twin River Worldwide  Price Target to $24.00
SunTrust Banks Lowers Twin River Worldwide Price Target to $24.00
Zions Bancorporation NA  Downgraded by BidaskClub
Zions Bancorporation NA Downgraded by BidaskClub
Peel Hunt Reaffirms Hold Rating for Admiral Group
Peel Hunt Reaffirms Hold Rating for Admiral Group


© 2006-2019 Ticker Report