Samantha Harnett Sells 57,342 Shares of Eventbrite Inc (NYSE:EB) Stock

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Eventbrite Inc (NYSE:EB) insider Samantha Harnett sold 57,342 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $16.39, for a total value of $939,835.38. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Samantha Harnett also recently made the following trade(s):

  • On Wednesday, April 10th, Samantha Harnett sold 49,372 shares of Eventbrite stock. The stock was sold at an average price of $20.95, for a total value of $1,034,343.40.

Shares of EB stock opened at $16.29 on Wednesday. The company has a market cap of $1.32 billion and a price-to-earnings ratio of -11.23. Eventbrite Inc has a twelve month low of $15.30 and a twelve month high of $40.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.63 and a quick ratio of 1.63. The stock’s fifty day moving average price is $16.80.

Eventbrite (NYSE:EB) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.05). The business had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $82.97 million. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Eventbrite Inc will post -0.64 earnings per share for the current fiscal year.

EB has been the topic of a number of research reports. Zacks Investment Research upgraded Eventbrite from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Stifel Nicolaus restated a “hold” rating and set a $28.00 price objective (up previously from $20.00) on shares of Eventbrite in a research report on Thursday, May 2nd. SunTrust Banks restated a “hold” rating and set a $28.00 price objective on shares of Eventbrite in a research report on Monday, April 29th. Royal Bank of Canada reduced their price objective on Eventbrite and set an “outperform” rating on the stock in a research report on Friday, March 8th. Finally, William Blair initiated coverage on Eventbrite in a research report on Monday, June 17th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.40.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EB. Pearl River Capital LLC bought a new stake in shares of Eventbrite in the 1st quarter valued at about $36,000. NumerixS Investment Technologies Inc bought a new stake in shares of Eventbrite in the 1st quarter valued at about $118,000. Rathbone Brothers plc bought a new stake in shares of Eventbrite in the 1st quarter valued at about $249,000. Parallel Advisors LLC bought a new stake in shares of Eventbrite in the 1st quarter valued at about $285,000. Finally, Financial Advocates Investment Management lifted its stake in shares of Eventbrite by 701.9% in the 4th quarter. Financial Advocates Investment Management now owns 3,400 shares of the company’s stock valued at $297,000 after purchasing an additional 2,976 shares during the period. Hedge funds and other institutional investors own 44.46% of the company’s stock.

About Eventbrite

Eventbrite, Inc operates a ticketing and event technology platform in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.

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