Stocks of Eventbrite Inc (NYSE:EB) traded higher last session on Wall Street, up 0.98% to $3.08.
EB stock price is now -35.70% away from the 50-day moving average and -51.40% away from the 200-day moving average. The market capitalization of the company currently stands at $299.13M.
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On August 09, 2024, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $9 to quote $4, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, Baker Charles, CFO sold 20,000 shares of the company’s stock on Jun 14 ’24. The stock was sold for $98,618 at an average price of $4.93. Upon completion of the transaction, the CFO now directly owns 636,167 shares in the company, valued at $1.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, CFO Baker Charles sold 20,000 shares of the business’s stock. A total of $110,496 was realized by selling the stock at an average price of $5.52. This leaves the insider owning 357,839 shares of the company worth $1.1 million. A total of 24.95% of the company’s stock is owned by insiders.
During the past 12 months, Eventbrite Inc has had a low of $2.51 and a high of $10.94. As of last week, the company has a debt-to-equity ratio of 2.06, a current ratio of 1.94, and a quick ratio of 1.94. The fifty day moving average price for EB is $4.752 and a two-hundred day moving average price translates $6.31185 for the stock.
The latest earnings results from Eventbrite Inc (NYSE: EB) was released for 2024-06-30. The net profit margin was -4.20% and return on equity was -8.11% for EB. The company reported revenue of $84.55 million for the quarter, compared to $78.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.15 percent. For the current quarter, analysts expect EB to generate $78.85M in revenue.
