The price of Eventbrite Inc (NYSE: EB) closed at $5.76 in the last session, up 0.35% from day before closing price of $5.74. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 1471847 shares were traded.
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Ratios:
We take a closer look at EB’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.99 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 1.88 whereas as Long-Term Debt/Eq ratio is at 1.87.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on December 08, 2023, initiated with a Buy rating and assigned the stock a target price of $13.
On November 27, 2023, BWS Financial started tracking the stock assigning a Buy rating and target price of $12.
KeyBanc Capital Markets Upgraded its Sector Weight to Overweight on July 27, 2023, while the target price for the stock was maintained at $14.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when Baker Charles sold 20,000 shares for $5.52 per share. The transaction valued at 110,496 led to the insider holds 357,839 shares of the business.
Baker Charles sold 20,000 shares of EB for $166,846 on Dec 15 ’23. The Chief Financial Officer now owns 361,319 shares after completing the transaction at $8.34 per share. On Aug 08 ’23, another insider, Sagi Vivek, who serves as the Chief Technology Officer of the company, sold 100,568 shares for $11.24 each. As a result, the insider received 1,130,606 and left with 181,721 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EB now has a Market Capitalization of 586.76M and an Enterprise Value of 304.77M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.80 while its Price-to-Book (P/B) ratio in mrq is 3.04. Its current Enterprise Value per Revenue stands at 0.93 whereas that against EBITDA is 666.90.
Stock Price History:
Over the past 52 weeks, EB has reached a high of $11.90, while it has fallen to a 52-week low of $5.05. The 50-Day Moving Average of the stock is 7.38, while the 200-Day Moving Average is calculated to be 8.63.
Shares Statistics:
According to the various share statistics, EB traded on average about 1.56M shares per day over the past 3-months and 2.41M shares per day over the past 10 days. A total of 85.61M shares are outstanding, with a floating share count of 79.37M. Insiders hold about 22.09% of the company’s shares, while institutions hold 78.23% stake in the company. Shares short for EB as of Feb 29, 2024 were 11.23M with a Short Ratio of 7.20, compared to 10.17M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.03% and a Short% of Float of 13.16%.
Earnings Estimates
The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.13, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.04, with high estimates of $0 and low estimates of -$0.1.
Analysts are recommending an EPS of between -$0.01 and -$0.33 for the fiscal current year, implying an average EPS of -$0.17. EPS for the following year is -$0.06, with 5 analysts recommending between $0.14 and -$0.18.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $85.7M. It ranges from a high estimate of $88.2M to a low estimate of $84.6M. As of the current estimate, Eventbrite Inc’s year-ago sales were $77.91M, an estimated increase of 10.00% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $89.59M, an increase of 13.50% over than the figure of $10.00% in the same quarter last year. There is a high estimate of $93M for the next quarter, whereas the lowest estimate is $88M.
A total of 7 analysts have provided revenue estimates for EB’s current fiscal year. The highest revenue estimate was $390.2M, while the lowest revenue estimate was $365.38M, resulting in an average revenue estimate of $370.08M. In the same quarter a year ago, actual revenue was $326.13M, up 13.50% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $428.62M in the next fiscal year. The high estimate is $473.2M and the low estimate is $411.34M. The average revenue growth estimate for next year is up 15.80% from the average revenue estimate for this year.
