Eventbrite (EB) Set to Announce Quarterly Earnings on Wednesday

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Eventbrite (NYSE:EB) will be issuing its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

EB opened at $16.45 on Tuesday. Eventbrite has a 12-month low of $15.30 and a 12-month high of $40.25. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average price is $16.66. The company has a market cap of $1.42 billion and a P/E ratio of -11.34.

In related news, Director Andrew Dreskin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.00, for a total transaction of $90,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Samantha Harnett sold 57,342 shares of the firm’s 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. 19.61% of the stock is owned by company insiders.

EB has been the topic of a number of recent research reports. Stifel Nicolaus reissued a “hold” rating and set a $28.00 price target (up previously from $20.00) on shares of Eventbrite in a research report on Thursday, May 2nd. Zacks Investment Research downgraded Eventbrite from a “hold” rating to a “sell” rating in a research report on Monday, June 17th. SunTrust Banks reissued a “hold” rating and set a $28.00 price target on shares of Eventbrite in a research report on Monday, April 29th. William Blair initiated coverage on Eventbrite in a research report on Monday, June 17th. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada dropped their price target on Eventbrite to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Eventbrite has an average rating of “Hold” and a consensus price target of $27.40.

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.

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