After finishing at $5.87 in the prior trading day, Eventbrite Inc (NYSE: EB) closed at $5.65, down -3.75%. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 2000108 shares were traded.
Ratios:
Our goal is to gain a better understanding of EB by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.80. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 597.97M and an Enterprise Value of 315.98M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.76 while its Price-to-Book (P/B) ratio in mrq is 2.98. Its current Enterprise Value per Revenue stands at 0.97 whereas that against EBITDA is 691.42.
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 6.80, while the 200-Day Moving Average is calculated to be 8.46.
Shares Statistics:
The stock has traded on average 1.81M shares per day over the past 3-months and 2.12M shares per day over the last 10 days, according to various share statistics. A total of 85.61M shares are outstanding, with a floating share count of 79.49M. Insiders hold about 22.07% of the company’s shares, while institutions hold 77.82% stake in the company. Shares short for EB as of Mar 15, 2024 were 9.32M with a Short Ratio of 5.33, compared to 10.51M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.15% and a Short% of Float of 10.92%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.08, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.03, with high estimates of $0 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.01 and -$0.28 for the fiscal current year, implying an average EPS of -$0.13. EPS for the following year is -$0.02, with 4 analysts recommending between $0.14 and -$0.16.
Revenue Estimates
5 analysts predict $85.2M in revenue for the current quarter. It ranges from a high estimate of $86M 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 9.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $88.91M, an increase of 12.70% over than the figure of $9.40% in the same quarter last year. There is a high estimate of $89.87M for the next quarter, whereas the lowest estimate is $88M.
A total of 6 analysts have provided revenue estimates for EB’s current fiscal year. The highest revenue estimate was $368M, while the lowest revenue estimate was $365.38M, resulting in an average revenue estimate of $366.73M. In the same quarter a year ago, actual revenue was $326.13M, up 12.40% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $419.7M in the next fiscal year. The high estimate is $435.48M and the low estimate is $411.34M. The average revenue growth estimate for next year is up 14.40% from the average revenue estimate for this year.
