Truist has recently reduced Eventbrite Inc (EB) stock to Hold rating, as announced on August 9, 2024, according to Finviz. Earlier, on August 9, 2024, Piper Sandler had reduced the stock from a Overweight to Neutral, setting a price target of $4 for EB stock. KeyBanc Capital Markets also reduced Sector Weight rating. Additionally, B. Riley Securities initiated Buy rating on December 8, 2023, with a target price of $13. BWS Financial analysts, in their report published on November 27, 2023, also initiated Buy rating and set a price target of $12 for Eventbrite Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Eventbrite Inc (EB) Stock Trading Recap
On Monday, Eventbrite Inc (EB) stock saw a decline, ending the day at $3.28 which represents a decrease of $-0.07 or -2.09% from the prior close of $3.35. The stock opened at $3.35 and touched a low of $3.27 during the day, reaching a high of $3.44. The volume of shares traded was 1.48 million falling short of the average volume of 1.74 million.
Sponsored
EB Stock Performance and Moving Averages
In recent trading, Eventbrite Inc (EB) stock price has shown some volatility, fluctuating 5.13% over the last five trades and 18.84% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -41.64%, and it has plunged by -17.59% in the previous three months. Currently, EB is trading at 11.00%, 10.94%, and -33.48% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, EB, a Technology sector stock, is trading -64.35% below its 52-week high but remains 30.68% above its 52-week low. The Average True Range (ATR) (14 days) of 0.15 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Eventbrite Inc’s Profitability and Valuation Ratios
Eventbrite Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -9.59% and a profit margin of -4.20%, with a gross margin of -41.64%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Eventbrite Inc’s market capitalization stands at $329.99 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.97, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.8, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 21.89% of Eventbrite Inc (EB)’s shares, while financial institutions hold 76.23%.
Notable insider trades include Sagi Vivek, Chief Technology Officer at Eventbrite Inc (EB), who sold 75000 shares on Aug 23 ’24, at $3.44 each, totaling $0.26 million. On Mar 15 ’24, Baker Charles, CFO, sold 20000 shares for $5.52 each, amounting to $0.11 million. Additionally, on Dec 15 ’23, Baker Charles sold 20000 shares at $8.34 each, generating $0.17 million.
