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Eventbrite Inc (EB) Stock Could Soon Reward Patient Investors

Eventbrite Inc (NYSE: EB) is -35.17% lower on its value in year-to-date trading and has touched a low of $5.05 and a high of $11.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EB stock was last observed hovering at around $5.48 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $5.42, the stock is -1.20% and -24.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.95 million and changing -1.09% at the moment leaves the stock -36.73% off its SMA200. EB registered -35.93% loss for a year compared to 6-month loss of -43.54%. The firm has a 50-day simple moving average (SMA 50) of $0.83 and a 200-day simple moving average (SMA200) of $591.11.

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The stock witnessed a -3.21% gain in the last 1 month and extending the period to 3 months gives it a -37.92%, and is -4.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.85% over the week and 5.07% over the month.

Eventbrite Inc (EB) has around 866 employees, a market worth around $552.14M and $326.13M in sales. Profit margin for the company is -8.12%. Distance from 52-week low is 7.33% and -54.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.80%).

Eventbrite Inc quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $85.2M over the same period.The EPS is expected to grow by 36.35% this year, but quarterly earnings will post 12.40% year-over-year. Quarterly sales are estimated to grow 9.40% in year-over-year returns.

Eventbrite Inc (EB) Top Institutional Holders

235 institutions hold shares in Eventbrite Inc (EB), with institutional investors hold 101.53% of the company’s shares. The shares outstanding are 85.61M, and float is at 79.39M with Short Float at 11.74%. Institutions hold 98.46% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 7.88 million shares valued at $75.24 million. The investor’s holdings represent 9.55% of the EB Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 7.85 million shares valued at $74.99 million to account for 9.52% of the shares outstanding. The other top investors are Broad Bay Capital Management, LP which holds 4.5 million shares representing 5.45% and valued at over $42.98 million, while Morgan Stanley holds 4.81% of the shares totaling 3.97 million with a market value of $37.88 million.

Eventbrite Inc (EB) Insider Activity

The most recent transaction is an insider sale by Baker Charles,the company’sCFO. SEC filings show that Baker Charles sold 20,000 shares of the company’s common stock on Mar 15 ’24 at a price of $5.52 per share for a total of $0.11 million. Following the sale, the insider now owns 0.36 million shares.

Eventbrite Inc disclosed in a document filed with the SEC on Dec 15 ’23 that Baker Charles (Chief Financial Officer) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Dec 15 ’23 and was made at $8.34 per share for $0.17 million. Following the transaction, the insider now directly holds 0.36 million shares of the EB stock.

Still, SEC filings show that on Aug 08 ’23, Sagi Vivek (Chief Technology Officer) disposed off 100,568 shares at an average price of $11.24 for $1.13 million. The insider now directly holds 181,721 shares of Eventbrite Inc (EB).

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