Eventbrite Inc’s (EB) Quiet Period Set To Expire Tomorrow

Eventbrite’s (NYSE:EB) quiet period is set to expire on Tuesday, October 30th. Eventbrite had issued 10,000,000 shares in its public offering on September 20th. The total size of the offering was $230,000,000 based on an initial share price of $23.00. During Eventbrite’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

A number of equities analysts have weighed in on EB shares. Goldman Sachs Group started coverage on Eventbrite in a research report on Monday, October 15th. They set a “neutral” rating and a $28.00 price target on the stock. Stifel Nicolaus assumed coverage on Eventbrite in a report on Monday, October 15th. They set a “buy” rating and a $32.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Eventbrite in a report on Monday, October 15th. They set a “neutral” rating and a $31.00 price objective for the company. SunTrust Banks assumed coverage on Eventbrite in a report on Monday, October 15th. They set a “hold” rating and a $30.00 price objective for the company. Finally, Royal Bank of Canada assumed coverage on Eventbrite in a report on Monday, October 15th. They set an “outperform” rating and a $37.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $31.60.

Shares of NYSE:EB opened at $25.54 on Monday. Eventbrite has a 12-month low of $24.67 and a 12-month high of $40.25.



Eventbrite Company Profile

Eventbrite, Inc operates as a technology platform worldwide. 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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