Eventbrite, Inc. (NYSE:EB – Get Free Report) CTO Vivek Sagi sold 75,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $3.44, for a total transaction of $258,000.00. Following the completion of the sale, the chief technology officer now owns 495,464 shares in the company, valued at approximately $1,704,396.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Eventbrite Price Performance
Shares of Eventbrite stock opened at $3.14 on Thursday. The stock has a 50 day moving average price of $4.33 and a 200-day moving average price of $5.25. Eventbrite, Inc. has a one year low of $2.51 and a one year high of $10.40. The stock has a market cap of $304.94 million, a price-to-earnings ratio of -16.53 and a beta of 2.34. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.86 and a current ratio of 1.86.
Eventbrite (NYSE:EB – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. Eventbrite had a negative net margin of 5.47% and a negative return on equity of 10.00%. The company had revenue of $84.55 million during the quarter, compared to analyst estimates of $86.15 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. Equities analysts expect that Eventbrite, Inc. will post -0.16 EPS for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on EB
Hedge Funds Weigh In On Eventbrite
Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in shares of Eventbrite by 3.5% during the fourth quarter. BNP Paribas Financial Markets now owns 71,858 shares of the company’s stock valued at $601,000 after buying an additional 2,425 shares during the period. Rhumbline Advisers lifted its stake in shares of Eventbrite by 3.5% during the 2nd quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock worth $544,000 after acquiring an additional 3,829 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. bought a new position in Eventbrite in the 4th quarter valued at $33,000. Swiss National Bank lifted its position in shares of Eventbrite by 3.1% during the first quarter. Swiss National Bank now owns 159,300 shares of the company’s stock worth $873,000 after purchasing an additional 4,800 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Eventbrite by 18.6% during the fourth quarter. New York State Common Retirement Fund now owns 35,380 shares of the company’s stock valued at $296,000 after purchasing an additional 5,549 shares during the period. 91.64% of the stock is currently owned by institutional investors.
About Eventbrite
Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for 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, enhance reach, and drive ticket sales.
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