EB Stock Recent News
EB LATEST HEADLINES
Eventbrite, Inc. (NYSE:EB ) Q1 2024 Results Conference Call May 2, 2024 5:00 PM ET Company Participants Katie Pickett - Investor Relations Julia Hartz - Co-Founder and Chief Executive Officer Lanny Baker - Chief Financial Officer Conference Call Participants Joseph Kalia - Truist Securities Justin Patterson - KeyBanc Matt Farro - Piper Sandler Dae Lee - JPMorgan Hamed Khorsand - BWS Financial Joseph Kelly - Truist Securities Operator Good afternoon, ladies and gentlemen, and welcome to Eventbrite's First Quarter 2024 Earnings Call. At this time, all lines are in a listen-only mode.
Eventbrite (EB) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.13 per share a year ago.
Penny stocks are among the most popular assets among day traders because of their substantially lower prices compared to big companies like Berkshire Hathaway and Amazon. They are also high-risk investments, as evidenced by the performance of Fisker and Bit Brother.
Buying and holding stocks for years is some of the most common advice you'd hear from market experts when it comes to building your wealth. My own average holding is ten years, though I'm (slowly) moving toward a more income-based portfolio.
Eventbrite could potentially leverage on its new $100 million share repurchase plan to buy back its own undervalued shares aggressively. There is a good chance of Eventbrite's actual Q1 2024 EBITDA beating the market's expectations, considering the rapid growth in the company's non-ticketing businesses. I award a Buy rating to Eventbrite stock, as I have identified potential catalysts which might re-rate the company's shares.
Many high-growth companies have been trading sideways for months or even years at depressed valuations. But as the old adage goes, the stock market is a weighing machine in the long-run.
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
We all know the frustration of seeing certain stocks fail to deliver satisfactory results in today's market environment. That has been the case with many stocks that aren't SaaS/AI.
Tech stocks have been some of the best investments of the past decade, to the point that finding “the next Google” has become a well-known phrase among investors. It's no secret — if you want to chase outsized returns (along with outsized risk), tech stocks are the place to look for those types of gains, as they include some of the fastest-growing companies in the world.
After a nearly two-year rally, many well-known big tech stocks have valuations that look stretched, meaning this recent rally could be due for a breather. So, where do savvy investors put their money to work now in search of the next generation of multibagger returns?