Eventbrite Inc (NYSE:EB) price on Thursday, March 20, rose 0.86% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.34.
A look at the stock’s price movement, the close in the last trading session was $2.32, moving within a range at $2.275 and $2.365. The beta value (5-Year monthly) was 2.248. Turning to its 52-week performance, $6.01 and $2.11 were the 52-week high and 52-week low respectively. Overall, EB moved -30.97% over the past month.
Eventbrite Inc’s market cap currently stands at around $221.43 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Analysts have a consensus estimate of 72.88M for the company’s revenue for the quarter, with a low and high estimate of 72.2M and 74M respectively. The average forecast suggests down to a -15.51% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 302.95M, representing a -6.81% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EB is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend EB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EB’s current price about -8.65% and -23.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.33, while 7-day volatility ratio is 5.36% and 5.93% in the 30-day chart. Further, Eventbrite Inc (EB) has a beta value of 2.02, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $4.25, forecast between a low of $4.25 and high of $4.25. Looking at the price targets, the low is -81.62% off current price level while to achieve the yearly target high, price needs to move -81.62%. Nonetheless, investors will most likely welcome a -81.62% jump to $4.25 which is the analysts’ median price.
If we refocus on Eventbrite Inc (NYSE:EB), historical trading data shows that trading volumes averaged 1.23 over the past 10 days and 1.04 million over the past 3 months. The company’s latest data on shares outstanding shows there are 78.64 million shares.
The 22.12% of Eventbrite Inc’s shares are in the hands of company insiders while institutional holders own 64.82% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.17 million on 2025-02-28, giving us a short ratio of 3.64. The data shows that as of 2025-02-28 short interest in Eventbrite Inc (EB) stood at 411.00003000000004 of shares outstanding, with shares short falling to 3.33 million registered in 2025-01-31. Current price change has pushed the stock -30.36% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EB stock continues to rise going into the next quarter.
