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Tuesday, January 31, 2023

Eventbrite Inc. (EB): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Eventbrite Inc. (EB) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $7.52. The Eventbrite Inc. has recorded 9,394 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Eventbrite Reports Third Quarter 2022 Financial Results.


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Stocks Info

This NYSE-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $7.52 and fluctuated between $7.57 as its day high and $6.79 as its day low. The current market capitalization of Eventbrite Inc. is $790.43M. A total of 2.98 million shares were traded on the day, compared to an average of 866.26K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, EB has seen 11 BUY and 11 SELL insider trades, representing the acquisition of 97,744 and the disposition of 41,684 shares. Over the last 12 months, there were 77 BUYs and 45 SELLs from insiders. Insiders purchased 496,214 shares during that period but sold 197,482.

In the most recent transaction, Sagi Vivek sold 27,377 shares of EB for 15.69 per share on Feb 17. After the transaction, the Chief Technology Officer now owns 0 company shares. In a previous transaction on Feb 16, Sagi Vivek sold 16,500 shares at 16.02 per share. EB shares that Chief Technology Officer owns now total 27,377.

Among the insiders who sold shares, Sagi Vivek disposed of 25,000 shares on Feb 15 at a per-share price of $15.48. This resulted in the Chief Technology Officer holding 43,877 shares of EB after the transaction.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for EB in the last 3 months, the mean price target is $10.00 with high estimates of $16.00 and low estimates of $8.00. In terms of 52-week highs and lows, EB has a high of $17.76 and a low of $5.30.

As of this writing, EB has an earnings estimate of -$0.16 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$0.17. The company reported an EPS of -$0.19 in the last quarter, which was 17.40% higher than expectations of -$0.23.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EB is Overweight with a score of 3.86. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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