Eventbrite, Inc. (NYSE:EB) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Eventbrite, Inc. (NYSE:EB) by 192.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,130 shares of the company’s stock after purchasing an additional 49,434 shares during the period. SG Americas Securities LLC owned about 0.08% of Eventbrite worth $205,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EB. Principal Financial Group Inc. acquired a new position in Eventbrite in the 1st quarter worth about $58,000. Quadrature Capital Ltd bought a new stake in shares of Eventbrite in the 1st quarter worth approximately $64,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Eventbrite in the 1st quarter worth approximately $70,000. Public Employees Retirement System of Ohio acquired a new position in shares of Eventbrite in the 1st quarter worth approximately $102,000. Finally, Entropy Technologies LP acquired a new position in shares of Eventbrite in the 1st quarter worth approximately $115,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on EB. KeyCorp cut Eventbrite from an “overweight” rating to a “sector weight” rating in a report on Friday, August 9th. B. Riley lowered their target price on Eventbrite from $10.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Truist Financial lowered Eventbrite from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. BWS Financial restated a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a research report on Thursday, October 3rd. Finally, Piper Sandler lowered Eventbrite from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $9.00 to $4.00 in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.58.

Insider Buying and Selling at Eventbrite

In other Eventbrite news, CTO Vivek Sagi sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $3.44, for a total value of $258,000.00. Following the sale, the chief technology officer now owns 495,464 shares in the company, valued at $1,704,396.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Charles Baker sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the sale, the chief financial officer now owns 628,152 shares of the company’s stock, valued at $1,903,300.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Vivek Sagi sold 75,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $3.44, for a total value of $258,000.00. Following the sale, the chief technology officer now directly owns 495,464 shares in the company, valued at $1,704,396.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.46% of the company’s stock.

Eventbrite Stock Down 1.4 %

EB stock opened at $2.85 on Wednesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $276.78 million, a P/E ratio of -15.00 and a beta of 2.32. The business has a 50-day moving average of $2.96 and a 200-day moving average of $4.28. Eventbrite, Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $9.20.

Eventbrite (NYSE:EB) last released its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.07. Eventbrite had a negative return on equity of 7.82% and a negative net margin of 4.20%. The business had revenue of $84.55 million for the quarter, compared to analyst estimates of $86.15 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. On average, sell-side analysts anticipate that Eventbrite, Inc. will post -0.24 earnings per share for the current fiscal year.

About Eventbrite

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.