In a report released yesterday, Youssef Squali from SunTrust Robinson maintained a Hold rating on Eventbrite (EB), with a price target of $8.00. The company’s shares closed last Wednesday at $7.36, close to its 52-week low of $5.72.
According to TipRanks.com, Squali is a top 100 analyst with an average return of 19.3% and a 59.4% success rate. Squali covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, ANGI Homeservices, and Uber Technologies.
The word on The Street in general, suggests a Hold analyst consensus rating for Eventbrite with a $12.33 average price target, which is a 79.0% upside from current levels. In a report issued on March 26, RBC Capital also maintained a Hold rating on the stock with a $12.00 price target.
See today’s analyst top recommended stocks >>
Based on Eventbrite’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $82.67 million and GAAP net loss of $13.75 million. In comparison, last year the company earned revenue of $75.92 million and had a GAAP net loss of $12.98 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Eventbrite, Inc. provides event management services encompassing online ticketing, event hosting, organization, promotion and advertising. The company was founded by Alan Michael Braverman, Renaud Visage, Kevin E. Hartz and Julia Hartz in 2006 and is headquartered in San Francisco, CA.
