Q2 2021 EPS Estimates for Eventbrite, Inc. Decreased by Truist Securiti (NYSE:EB)

Eventbrite, Inc. (NYSE:EB) – Truist Securiti dropped their Q2 2021 earnings per share (EPS) estimates for Eventbrite in a note issued to investors on Tuesday, May 11th. Truist Securiti analyst Y. Squali now forecasts that the company will post earnings of ($0.45) per share for the quarter, down from their prior forecast of ($0.31). Truist Securiti also issued estimates for Eventbrite’s Q3 2021 earnings at ($0.23) EPS, Q3 2021 earnings at ($0.23) EPS, Q4 2021 earnings at ($0.13) EPS, FY2021 earnings at ($1.18) EPS, FY2022 earnings at ($0.58) EPS and FY2023 earnings at ($0.28) EPS.

Eventbrite (NYSE:EB) last released its quarterly earnings results on Sunday, February 28th. The company reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.16. The company had revenue of $26.66 million for the quarter, compared to analysts’ expectations of $28.68 million. Eventbrite had a negative return on equity of 63.75% and a negative net margin of 134.78%.

EB has been the topic of several other reports. Zacks Investment Research cut Eventbrite from a “buy” rating to a “hold” rating in a report on Friday, February 26th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $21.00 target price on shares of Eventbrite in a report on Sunday, February 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.40.

NYSE:EB opened at $20.61 on Friday. The stock has a market cap of $1.92 billion, a P/E ratio of -8.18 and a beta of 3.12. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average is $22.41 and its 200-day moving average is $19.04. Eventbrite has a 1-year low of $6.33 and a 1-year high of $26.51.

A number of hedge funds have recently made changes to their positions in the stock. Schonfeld Strategic Advisors LLC bought a new position in shares of Eventbrite during the 3rd quarter worth approximately $434,000. Pendal Group Limited bought a new position in shares of Eventbrite during the 4th quarter worth approximately $275,000. Centaurus Financial Inc. bought a new position in shares of Eventbrite during the 4th quarter worth approximately $122,000. CWM LLC boosted its holdings in shares of Eventbrite by 5.3% during the 4th quarter. CWM LLC now owns 774,114 shares of the company’s stock worth $14,011,000 after buying an additional 38,931 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS bought a new position in shares of Eventbrite during the 4th quarter worth approximately $5,839,000. Institutional investors and hedge funds own 67.20% of the company’s stock.

About Eventbrite

Eventbrite, Inc operates a self-service ticketing and experience technology platform that serves event creators in the United States and internationally. 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.

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Earnings History and Estimates for Eventbrite (NYSE:EB)

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