Eventbrite (NYSE:EB) Issues Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Eventbrite (NYSE:EB) posted its earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.08), FiscalAI reports. Eventbrite had a negative return on equity of 9.32% and a negative net margin of 3.64%.The business had revenue of $73.51 million for the quarter, compared to analyst estimates of $73.13 million.

Eventbrite Price Performance

EB stock remained flat at $4.51 during midday trading on Thursday. The business has a fifty day moving average price of $4.44 and a two-hundred day moving average price of $3.51. The stock has a market capitalization of $440.51 million, a P/E ratio of -37.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.12 and a current ratio of 1.12. Eventbrite has a 52 week low of $1.80 and a 52 week high of $4.51.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Eventbrite in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Eventbrite has an average rating of “Hold” and a consensus target price of $4.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Veradace Capital Management LLC purchased a new stake in Eventbrite during the 4th quarter worth about $35,975,000. Nantahala Capital Management LLC raised its position in Eventbrite by 0.3% in the 4th quarter. Nantahala Capital Management LLC now owns 6,854,718 shares of the company’s stock valued at $30,503,000 after purchasing an additional 23,323 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Eventbrite by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,664,770 shares of the company’s stock valued at $11,755,000 after buying an additional 80,200 shares during the period. AQR Capital Management LLC boosted its stake in shares of Eventbrite by 4.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,305,969 shares of the company’s stock valued at $6,065,000 after buying an additional 103,352 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Eventbrite by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 1,883,545 shares of the company’s stock worth $8,384,000 after buying an additional 61,190 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

About Eventbrite

Eventbrite is a global event management and ticketing platform that enables organizers to create, promote and sell tickets for live and virtual experiences. The company’s software-as-a-service platform offers tools for event registration, ticketing, seating allocation and on­-site check­-in, allowing users to handle everything from small community gatherings to large-scale festivals through a single interface.

Beyond basic ticket sales, Eventbrite provides integrated marketing and analytics solutions designed to help hosts grow attendance and engage audiences.