Eventbrite Inc (NYSE:EB) was the target of unusually large options trading on Tuesday. Stock traders acquired 3,306 call options on the stock. This represents an increase of 2,655% compared to the average daily volume of 120 call options.
Eventbrite stock traded down $0.14 during trading hours on Thursday, reaching $21.13. The stock had a trading volume of 473,837 shares, compared to its average volume of 466,901. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -14.57 and a beta of 2.14. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.44 and a quick ratio of 1.44. The business’s 50 day moving average price is $20.36 and its 200-day moving average price is $18.37. Eventbrite has a 52 week low of $15.30 and a 52 week high of $32.86.
Eventbrite (NYSE:EB) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.36) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.10). The business had revenue of $82.10 million for the quarter, compared to analysts’ expectations of $76.49 million. Eventbrite had a negative return on equity of 15.65% and a negative net margin of 21.24%. Eventbrite’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.24) EPS. On average, sell-side analysts forecast that Eventbrite will post -0.89 EPS for the current fiscal year.
A number of equities analysts have commented on EB shares. Zacks Investment Research downgraded shares of Eventbrite from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine upgraded shares of Eventbrite from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Eventbrite currently has an average rating of “Hold” and an average price target of $22.50.
In related news, insider Samantha Harnett sold 2,675 shares of Eventbrite stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $19.52, for a total value of $52,216.00. Following the completion of the sale, the insider now directly owns 12,627 shares in the company, valued at $246,479.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Patrick David Poels sold 25,627 shares of Eventbrite stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $18.41, for a total value of $471,793.07. 19.61% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in Eventbrite by 2,082.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,182 shares of the company’s stock valued at $39,000 after buying an additional 2,082 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Eventbrite during the 3rd quarter worth about $49,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Eventbrite by 2,510.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,976 shares of the company’s stock worth $48,000 after acquiring an additional 2,862 shares in the last quarter. NumerixS Investment Technologies Inc raised its position in shares of Eventbrite by 41.9% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 8,800 shares of the company’s stock worth $143,000 after acquiring an additional 2,600 shares in the last quarter. Finally, CSat Investment Advisory L.P. acquired a new stake in shares of Eventbrite during the 2nd quarter worth about $154,000. 56.21% of the stock is owned by institutional investors and hedge funds.
Eventbrite Company Profile
Eventbrite, Inc operates a ticketing and event technology platform 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. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.
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