Why Eventbrite, Inc. (EB) Is ‘Ahead Of Itself ‘


Eventbrite, Inc. (NYSE:EB) went up by 1.36% from its latest closing price when compared to the 1-year high value of $22.90 and move down -104.1%, while EB stocks collected 11.64% of gains with the last five trading sessions. Press Release reported on 08/06/20 that Eventbrite Appoints Vivek Sagi as Chief Technology Officer

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Eventbrite, Inc. (NYSE:EB) Worth an Investment?

Eventbrite, Inc. (NYSE:EB) 2 of the analysts out of 6 who provided ratings for Eventbrite, Inc. stocks as a “buy” while 0 as overweight, 4 rated it as hold and 0 as sell. The average price we get from analysts is $11.00 which is $0.03 above current price. EB currently has a short float of 11.52% and public float of 66.19M with average trading volume of 1.74M shares.

EB Market Performance

EB stocks went up by 11.64% for the week, with the monthly jump of 26.92% and a quarterly performance of 11.31%, while its annual performance rate touched -34.46%. The simple moving average for the period of the last 20 days is 12.44% for EB stocks with the simple moving average of -14.84% for the last 200 days.

Analysts’ Opinion on Eventbrite, Inc. (NYSE:EB)

Many brokerage firms have already submitted their reports for EB stocks, with SunTrust repeating the rating for EB shares by setting it to “Buy”. The predicted price for EB socks in the upcoming period according to SunTrust is $12 based on the research report published on May 18, 2020.

RBC Capital Mkts, on the other hand, stated in their research note that they expect to see EB stock at the price of $17, previously predicting the value of $23. The rating they have provided for EB stocks is “Sector Perform” according to the report published on February 28, 2020.

William Blair gave “Outperform” rating to EB stocks, setting the target price at $17 in the report published on June 17, 2019.

EB Stocks 22.22% Far from 50 Day Moving Average

After a stumble in the market that brought EB to its low price for the period of the last 52 weeks, Eventbrite, Inc. was unable to take a rebound, for now settling with -51.00% of loss for the given period.

The stock volatility was left at 5.55%, however, within the period of a single month, the volatility rate increased by 5.74%, while the shares surge at the distance of +23.98% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +21.43% upper at the present time.

In the course of the last 5 trading sessions, EB went up by +11.64%, which changed the moving average for the period of 200 days to the total of -43.53% of losses for the stock in comparison to the 20-day moving average settled at $10.09. In addition, Eventbrite, Inc. saw -44.37% in overturn over the period of a single year with a tendency to cut further losses.

EB Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Eventbrite, Inc. (EB), starting from Harnett Samantha, who sold 2,168 shares at the price of $8.38 back on Apr 13. After this action, Rushing now owns 13,019 shares of Eventbrite, Inc., valued at $18,174 with the latest closing price.

Harnett Samantha, the Chief Legal & Corp Ops Officer of Eventbrite, Inc., sold 2,675 shares at the value of $19.52 during a trade that took place back on Dec 10, which means that Harnett Samantha is holding 11,103 shares at the value of $52,216 based on the most recent closing price.

EB Stock Fundamentals

The current profitability levels are settled at -20.72 for the present operating margin and +55.46 for gross margin. The net margin for Eventbrite, Inc. stands at -20.36. Total capital return value is set at -14.45, while invested capital returns managed to touch -14.43. Equity return holds the value -62.30%, with -28.50% for asset returns.

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Based on Eventbrite, Inc. (EB), the company’s capital structure generated 6.10 points for debt to equity in total, while total debt to capital is set at the value of 5.75. Total debt to assets is settled at the value of 3.21 with long-term debt to equity ratio rests at -23.43 and long-term debt to capital is 3.87.

The value for Enterprise to Sales is 3.57 with debt to enterprise value settled at 0.02. The receivables turnover for Eventbrite, Inc. is 13.36 with the total asset turnover at the value of 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.


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