Eventbrite (EB) Stock

We have just released a list of the 12 Best Technology Penny Stocks to Buy Based on Hedge Fund Recommendations. In this article, we will examine how Eventbrite, Inc. (NYSE:EB) compares to other top technology penny stocks favored by hedge funds. The Russell 2000, which is an index for small-cap stocks, has often underperformed in the past.

Eventbrite's free-tier model boosts creator acquisition, while its expanding consumer reach signals growth potential despite ticket volume declines.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Eventbrite (EB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Eventbrite (EB) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.10 per share a year ago.

SAN FRANCISCO--(BUSINESS WIRE)--Today, Eventbrite launched a free timed entry tool, empowering organizers to easily set up and sell multiple daily time slots for their events. This fully customizable solution is ideal for tours, attractions, excursions, and classes, where attendees can book a ticket for their preferred time slot. Paired with Eventbrite's existing AI-powered tools to easily generate event descriptions and categorization, the timed entry tool simplifies event set-up and capacity.

Eventbrite, a ticketing and event platform, focuses on small- and mid-market events and has adapted post-COVID-19. Management's business model changes led to some event creators leaving, but the company has since revised terms to regain them. The company acknowledges its mistakes and is actively working to grow by attracting back event creators.

Eventbrite, Inc. (NYSE:EB ) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants Katie Pickett - Investor Relations Julia Hartz - Co-Founder and Chief Executive Officer Lanny Baker - Chief Operating and Financial Officer Conference Call Participants Cameron Mansson-Perrone - Morgan Stanley Justin Patterson - KeyBanc Capital Hamed Khorsand - BWS Financial Naved Khan - B. Riley Securities Operator Good afternoon, everyone, and welcome to the Eventbrite, Inc. Second Quarter 2024 Earnings Conference Call.

Eventbrite (EB) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $0.03 per share a year ago.