Is Eventbrite Inc (NYSE: EB) Back In The Buying Zone?

Currently, there are 85.61M common shares owned by the public and among those 72.93M shares have been available to trade.

The company’s stock has a 5-day price change of 26.67% and 9.40% over the past three months. EB shares are trading -31.82% year to date (YTD), with the 12-month market performance down to -46.83% lower. It has a 12-month low price of $4.46 and touched a high of $11.90 over the same period. EB has an average intraday trading volume of 1.57 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 20.89%, 13.57%, and -15.94% respectively.

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Institutional ownership of Eventbrite Inc (NYSE: EB) shares accounts for 80.46% of the company’s 85.61M shares outstanding.

It has a market capitalization of $553.58M and a beta (3y monthly) value of 2.33. The earnings-per-share (ttm) stands at -$0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.00% over the week and 5.47% over the month.

Earnings per share for the fiscal year are expected to increase by 50.13%, and 83.03% over the next financial year. EPS should grow at an annualized rate of 46.40% over the next five years, compared to 31.15% over the past 5-year period.

Looking at the support for the EB, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on December 08, 2023, with the firm’s price target at $13. BWS Financial coverage for the Eventbrite Inc (EB) stock in a research note released on November 27, 2023 offered a Buy rating with a price target of $12. KeyBanc Capital Markets was of a view on July 27, 2023 that the stock is Overweight, while Piper Sandler gave the stock Overweight rating on July 15, 2022, issuing a price target of $13. KeyBanc Capital Markets on their part issued Sector Weight rating on July 13, 2022.

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