Fintel reports that on August 4, 2023, Morgan Stanley maintained coverage of Eventbrite Inc - (NYSE:EB) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 10.31% Upside
As of August 2, 2023, the average one-year price target for Eventbrite Inc - is 12.41. The forecasts range from a low of 9.09 to a high of $17.85. The average price target represents an increase of 10.31% from its latest reported closing price of 11.25.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Eventbrite Inc - is 335MM, an increase of 13.20%. The projected annual non-GAAP EPS is -0.50.
What is the Fund Sentiment?
There are 325 funds or institutions reporting positions in Eventbrite Inc -. This is a decrease of 4 owner(s) or 1.22% in the last quarter. Average portfolio weight of all funds dedicated to EB is 0.16%, a decrease of 14.55%. Total shares owned by institutions increased in the last three months by 3.39% to 92,322K shares. 
The put/call ratio of EB is 0.54, indicating a bullish outlook.
What are Other Shareholders Doing?
Cadian Capital Management holds 7,451K shares representing 7.45% ownership of the company. In it's prior filing, the firm reported owning 8,011K shares, representing a decrease of 7.51%. The firm increased its portfolio allocation in EB by 16.93% over the last quarter.
Broad Bay Capital Management holds 4,595K shares representing 4.60% ownership of the company. In it's prior filing, the firm reported owning 4,700K shares, representing a decrease of 2.29%. The firm increased its portfolio allocation in EB by 38.01% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,534K shares representing 2.53% ownership of the company. No change in the last quarter.
Invesco holds 2,490K shares representing 2.49% ownership of the company. In it's prior filing, the firm reported owning 2,363K shares, representing an increase of 5.09%. The firm increased its portfolio allocation in EB by 46.93% over the last quarter.
Healthcare Of Ontario Pension Plan Trust Fund holds 2,332K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 1,752K shares, representing an increase of 24.89%. The firm increased its portfolio allocation in EB by 116.48% over the last quarter.
Eventbrite Background Information
(This description is provided by the company.)
Eventbrite is a global self-service ticketing and experience technology platform that serves a community of hundreds of thousands of event creators in nearly 180 countries. Since inception, Eventbrite has been at the center of the experience economy, transforming the way people organize and attend events. The company was founded by Julia Hartz, Kevin Hartz and Renaud Visage, with a vision to build a self-service platform that would make it possible for anyone to create and sell tickets to live experiences. The Eventbrite platform provides an intuitive, secure, and reliable service that enables creators to plan and execute their live and online events, whether it's an annual culinary festival attracting thousands of foodies, a professional webinar, a weekly yoga workshop or a youth dance class. With over 200 million tickets distributed to more than 4 million experiences in 2020, Eventbrite is where people all over the world discover new things to do or new ways to do more of what they love.
Additional reading:
- Shareholder Letter Sa lt La ke P ow er Y og a / Sa lt La ke C ity , U ta h Q2 2023 Aug 3, 2023 Net Revenue Paid Tickets Gross Ticket Sales Net Revenue Per Ticket (1) Adjusted EBITDA as reported of $11.3 million, excluding restructuring costs and othe
- Revenue of $78.9 million grew 20% year-over-year on a constant currency basis Mid-teens Adjusted EBITDA margin and eighth consecutive quarter of positive Adjusted EBITDA Record 33 million ticket buyers reflect robust consumer demand
- Eventbrite Appoints Dr. Pilar Manchón to Board of Directors
- Eventbrite, Inc. Amended and Restated Non-Employee Director Compensation Policy
- Shareholder Letter Re ve ng e Ro ug hs to ck C om pa ny / He nd er so n Ar en a / O H, U SA Q1 2023 May 9, 2023 Net Revenue Paid Tickets Gross Ticket Sales Net Revenue Per Ticket (1)Adjusted EBITDA is a financial measure that is not calculated in acc
This story originally appeared on Fintel.
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