BOSTON, May 01, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating matters concerning Eventbrite, Inc. (“Eventbrite” or the “Company”) (NYSE: EB) to determine whether the Company and/or any of its officers or directors violated federal securities laws.
Specifically, the firm is investigating whether the Company mislead investors by failing to disclose that the Company's migration of customers from Ticketfly to Eventbrite was progressing slower than expected such that the Company's revenue and growth would be negatively impacted.
On March 7, 2019, post-market, Eventbrite indicated that its growth rate would be negatively impacted while it integrated Ticketfly.
On this news, the Company's stock price fell more than 25% the following trading day.
Then, on May 1, 2019, the Company’s stock price fell 30% post-market following a weak first quarter earnings report that showed widening losses, lower than expected second-quarter guidance and growth issues tied to their continued focus on integrating
If you have purchased or otherwise acquired Eventbrite securities and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact Block & Leviton LLP at (888) 868-2385, by email at info@blockesq.com, or by visiting http://shareholder.law/cases/?case=eventbrite.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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SOURCE Block & Leviton LLP