EB Stock Jumps 17% in 3 Months: Is This the Right Time to Buy?
Eventbrite(EB) ZACKS·2024-12-17 03:00
Eventbrite (EB) shares have appreciated 17.5% in the past three months, outperforming the broader Zacks Computer & Technology sector’s return of 11.5%.The rise in the share price is driven by the growing adoption of the company’s events platform, leading to higher engagement from creators. Pricing changes and platform enhancements have significantly improved the user experience.However, a 5% year-over-year decline in net revenues to $77.8 million in the third quarter of 2024 was attributed primarily to soft ...