Eventbrite to Sell to Bending Spoons for $4.50 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 3 hour ago0mins
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating Eventbrite's sale to Bending Spoons for $4.50 per share, which may involve violations of federal securities laws and breaches of fiduciary duties to shareholders, aiming to protect shareholder rights.
- Potential Compensation Claims: The law firm may seek increased consideration for shareholders, additional disclosures, and other relief to ensure that shareholder interests are adequately protected in the transaction.
- Legal Fee Arrangement: Halper Sadeh LLC will handle the case on a contingent fee basis, meaning shareholders will not be responsible for out-of-pocket legal fees or expenses, thereby reducing the financial burden on shareholders and encouraging more to participate in the rights protection.
- Global Investor Support: The firm represents investors worldwide, focusing on combating securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors, showcasing its expertise in safeguarding investor rights.
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Analyst Views on EB
Wall Street analysts forecast EB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EB is 2.70 USD with a low forecast of 2.70 USD and a high forecast of 2.70 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 4.440
Low
2.70
Averages
2.70
High
2.70
Current: 4.440
Low
2.70
Averages
2.70
High
2.70
Morgan Stanley
Cameron Mansson-Perrone
Equal Weight
downgrade
2025-08-10
Reason
Morgan Stanley
Cameron Mansson-Perrone
Price Target
2025-08-10
downgrade
Equal Weight
Reason
Morgan Stanley analyst Cameron Mansson-Perrone lowered the firm's price target on Eventbrite to $2.70 from $3.40 and keeps an Equal Weight rating on the shares. The firm says the company's revenue growth in Q2 declined 14% year-over-year, consistent with Q1 despite improving paid creator trends.
B. Riley
Naved Khan
Neutral
downgrade
$3
2025-05-12
Reason
B. Riley
Naved Khan
Price Target
$3
2025-05-12
downgrade
Neutral
Reason
BWS Financial
Hamed Khorsand
Strong Buy
Maintains
$7
2025-04-14
Reason
BWS Financial
Hamed Khorsand
Price Target
$7
2025-04-14
Maintains
Strong Buy
Reason
BWS Financial
Hamed Khorsand
Strong Buy
Maintains
$7
2025-03-03
Reason
BWS Financial
Hamed Khorsand
Price Target
$7
2025-03-03
Maintains
Strong Buy
Reason
See All Ratings
About EB
Eventbrite, Inc. is a global events marketplace that serves event creators and event-goers in approximately 180 countries. The Company's two-sided marketplace connects creators and consumers every month to share their passions, artistry, and causes through live experiences. The Company leverages technology and the Eventbrite brand to engage audiences and connect them in ways that help maximize business opportunities for event creators and satisfy consumer demands. The Company's self-service ticketing and marketing tools enable creators to plan, promote, and sell tickets to their events. The Company's Website and mobile application allow event seekers to discover and purchase tickets to experiences they enjoy. Its subsidiaries include Eventbrite UK Limited, Eventbrite International, Inc., Eventbrite Operations (IE) Limited, Eventbrite Singapore Pte. Ltd., Eventioz Holdings, Inc., Eventbrite Hong Kong Limited and Eventbrite Technologies India Private Limited.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sigh Up to Get Intellectia Insights
What are the key reasons behind Bending Spoons acquiring Eventbrite for $500M?
How does Bending Spoons plan to enhance Eventbrite's platform post-acquisition?
Will Eventbrite's stock continue to rise after the acquisition announcement?
How might the investigation into fiduciary breaches impact the acquisition timeline?