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Saturday, June 3, 2023

The Street Is Finally Waking Up To Eventbrite Inc. (NYSE: EB)

After Hours

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. After-hours trades for Eventbrite Inc. (EB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.15, or -2.06%, to $7.12. The Eventbrite Inc. has recorded 17,310 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Eventbrite to Participate in J.P. Morgan 51st Annual Global Technology, Media and Communications Conference.

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Stocks Info

Eventbrite Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $7.27 and fluctuated between $7.30 as its day high and $6.97 as its day low. The current market capitalization of Eventbrite Inc. is $751.86M. A total of 1.02 million shares were traded on the day, compared to an average of 1.46M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, EB has seen 12 BUY and 0 SELL insider trades, representing the acquisition of 796,756 and the disposition of 0 shares. Over the last 12 months, there were 80 BUYs and 30 SELLs from insiders. Insiders purchased 1,223,960 shares during that period but sold 101,895.

In the most recent transaction, Taylor Julia D. sold 36,187 shares of EB for 7.00 per share on May 12. After the transaction, the General Counsel now owns 191,609 company shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for EB in the last 3 months, the mean price target is $11.25 with high estimates of $17.00 and low estimates of $8.00. In terms of 52-week highs and lows, EB has a high of $12.89 and a low of $5.30.

As of this writing, EB has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.19. The company reported an EPS of $0.04 in the last quarter, which was 128.60% higher than expectations of -$0.14.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. EB’s latest balance sheet shows that the firm has $634.38M in Cash & Short Term Investments as of fiscal 2021. There were $366.39M in debt and $357.97M in liabilities at the time. Its Book Value Per Share was $1.68, while its Total Shareholder’s Equity was $169.90M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.80.

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