Eventbrite (NYSE:EB) announced its quarterly earnings results on Thursday. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.10), Briefing.com reports. Eventbrite had a negative return on equity of 13.82% and a negative net margin of 23.53%. The firm had revenue of $82.10 million during the quarter, compared to analysts’ expectations of $76.49 million. During the same period in the previous year, the company posted ($1.24) earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year.
Shares of EB stock traded up $3.99 during trading on Friday, hitting $21.32. The company had a trading volume of 3,016,582 shares, compared to its average volume of 803,769. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average is $17.79 and its two-hundred day moving average is $17.67. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -14.70 and a beta of 2.05. Eventbrite has a 52 week low of $15.30 and a 52 week high of $33.82.
In related news, CTO Patrick David Poels sold 25,627 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $18.41, for a total value of $471,793.07. Also, insider Samantha Harnett sold 7,361 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $18.01, for a total transaction of $132,571.61. 19.61% of the stock is currently owned by corporate insiders.
Eventbrite Company Profile
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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