Eventbrite price target lowered to $3 from $3.50 at B. Riley

B. Riley analyst Naved Khan lowered the firm’s price target on Eventbrite (EB) to $3 from $3.50 and keeps a Neutral rating on the shares. The company’s Q1 results came in slightly ahead of “muted” Street expectations, and trends in paid ticket growth suggest Eventbrite’s turnaround efforts are seeing some success, the analyst tells investors in a research note.