Eventbrite Inc (NYSE: EB) is -59.09% lower on its value in year-to-date trading and has touched a low of $2.51 and a high of $9.20 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 $3.39 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $3.42, the stock is 13.26% and 15.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing 0.88% at the moment leaves the stock -30.01% off its SMA200. EB registered -57.83% loss for a year compared to 6-month loss of -37.25%. The firm has a 50-day simple moving average (SMA 50) of $2.9584 and a 200-day simple moving average (SMA200) of $4.909.
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The stock witnessed a 25.27% gain in the last 1 month and extending the period to 3 months gives it a -10.00%, and is 8.23% up 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 5.23% over the week and 5.14% over the month.
Eventbrite Inc (EB) has around 866 employees, a market worth around $328.66M and $340.11M in sales. Profit margin for the company is -4.20%. Distance from 52-week low is 36.25% and -62.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.67%).
The EPS is expected to grow by 9.31% this year
211.0 institutions hold shares in Eventbrite Inc (EB), with institutional investors hold 95.51% of the company’s shares. The shares outstanding are 85.61M, and float is at 75.07M with Short Float at 8.84%. Institutions hold 91.49% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.75 million shares valued at $32.66 million. The investor’s holdings represent 6.8088 of the EB Shares outstanding. As of 2024-06-30, the second largest holder is EDMOND DE ROTHSCHILD HOLDING S.A. with 6.42 million shares valued at $31.06 million to account for 6.4761 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 6.38 million shares representing 6.4373 and valued at over $30.88 million, while WELLINGTON MANAGEMENT GROUP LLP holds 5.6969 of the shares totaling 5.65 million with a market value of $27.33 million.
Eventbrite Inc (EB) Insider Activity
The most recent transaction is an insider sale by Baker Charles, the company’s COO & CFO. SEC filings show that Baker Charles sold 20,000 shares of the company’s common stock on Sep 13 ’24 at a price of $3.03 per share for a total of $60626.0. Following the sale, the insider now owns 0.63 million shares.
Still, SEC filings show that on Aug 23 ’24, Sagi Vivek (Chief Technology Officer) disposed off 75,000 shares at an average price of $3.44 for $0.26 million. The insider now directly holds 495,464 shares of Eventbrite Inc (EB).
