Eventbrite Inc (NYSE: EB) is -58.13% 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 $3.76 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $3.50, the stock is 6.64% and 15.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.75 million and changing -6.91% at the moment leaves the stock -25.81% off its SMA200. EB registered -53.08% loss for a year compared to 6-month loss of -33.59%. The firm has a 50-day simple moving average (SMA 50) of $3.0236 and a 200-day simple moving average (SMA200) of $4.7178.
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The stock witnessed a 23.24% gain in the last 1 month and extending the period to 3 months gives it a 14.75%, and is 1.45% 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 8.54% over the week and 6.23% over the month.
Eventbrite Inc (EB) has around 866 employees, a market worth around $315.64M and $336.37M in sales. Fwd P/E is 364.58. Profit margin for the company is -2.42%. Distance from 52-week low is 39.44% and -61.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.93%).
with sales reaching $76.18M over the same period.The EPS is expected to grow by 53.23% this year, but quarterly earnings will post -0.44% year-over-year. Quarterly sales are estimated to shrink -13.20% in year-over-year returns.
Eventbrite Inc (EB) Top Institutional Holders
209.0 institutions hold shares in Eventbrite Inc (EB), with institutional investors hold 87.67% of the company’s shares. The shares outstanding are 85.61M, and float is at 76.91M with Short Float at 7.52%. Institutions hold 84.12% 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 August-deWilde Katherine, the company’s Director. SEC filings show that August-deWilde Katherine sold 91,887 shares of the company’s common stock on Nov 13 ’24 at a price of $3.49 per share for a total of $0.32 million. Following the sale, the insider now owns 0.21 million shares.
Eventbrite Inc disclosed in a document filed with the SEC on Nov 12 ’24 that Sagi Vivek (Chief Technology Officer) sold a total of 104,587 shares of the company’s common stock. The trade occurred on Nov 12 ’24 and was made at $3.64 per share for $0.38 million. Following the transaction, the insider now directly holds 0.41 million shares of the EB stock.
Still, SEC filings show that on Nov 13 ’24, August-deWilde Katherine (Director) Proposed Sale 91,907 shares at an average price of $3.64 for $0.33 million. The insider now directly holds shares of Eventbrite Inc (EB).
