Eventbrite: Potential Catalysts Are Aggressive Buybacks And Q1 EBITDA Beat

The Value Pendulum
Investing Group Leader

Summary

  • 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.
  • Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More »

Eventbrite headquarters in downtown San Francisco

Sundry Photography

Elevator Pitch

Eventbrite, Inc. (NYSE:EB) stock is rated as a Buy. In my prior April 12, 2023, initiation article, I evaluated EB's financial prospects for fiscal 2023.

The focus of this latest update is the potential re-rating catalysts

Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e., buying assets at a discount, e.g., net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e., buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Sign up here to get started today!

This article was written by

The Value Pendulum
12.78K Followers

The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.

He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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