Eventbrite Inc (NYSE:EB) has been assigned an average broker rating score of 2.25 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.

Analysts have set a 1-year consensus target price of $32.50 for the company and are anticipating that the company will post ($0.62) earnings per share for the current quarter, according to Zacks. Zacks has also given Eventbrite an industry rank of 80 out of 257 based on the ratings given to its competitors.

Several research firms have recently issued reports on EB. Royal Bank of Canada began coverage on Eventbrite in a research note on Monday, October 15th. They issued an “outperform” rating and a $37.00 price objective for the company. JPMorgan Chase & Co. began coverage on Eventbrite in a research note on Monday, October 15th. They issued a “neutral” rating and a $31.00 price objective for the company. Goldman Sachs Group initiated coverage on Eventbrite in a research note on Monday, October 15th. They issued a “neutral” rating and a $28.00 price objective for the company. SunTrust Banks initiated coverage on Eventbrite in a report on Monday, October 15th. They issued a “hold” rating and a $30.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on Eventbrite in a report on Monday, October 15th. They issued a “buy” rating and a $32.00 price target on the stock.

Eventbrite stock traded down $1.34 during midday trading on Friday, reaching $32.52. 365,913 shares of the stock traded hands, compared to its average volume of 367,990. Eventbrite has a 12 month low of $24.67 and a 12 month high of $40.25.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Eventbrite in the third quarter worth approximately $19,212,000. FMR LLC purchased a new stake in shares of Eventbrite in the third quarter worth approximately $15,339,000. Jennison Associates LLC purchased a new position in Eventbrite during the 3rd quarter worth $3,725,000. Wells Fargo & Company MN purchased a new position in Eventbrite during the 3rd quarter worth $2,786,000. Finally, Eagle Asset Management Inc. purchased a new position in Eventbrite during the 3rd quarter worth $11,500,000. Hedge funds and other institutional investors own 0.64% of the company’s stock.

Eventbrite Company Profile

Eventbrite, Inc operates as a technology platform worldwide. 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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Analyst Recommendations for Eventbrite (NYSE:EB)

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