Eventbrite, Inc. (NYSE:EB) Given Average Recommendation of “Hold” by Brokerages

Eventbrite, Inc. (NYSE:EB) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $6.58.

EB has been the topic of several recent analyst reports. B. Riley dropped their target price on Eventbrite from $10.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Truist Financial lowered Eventbrite from a “buy” rating to a “hold” rating in a report on Friday, August 9th. BWS Financial reaffirmed a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research note on Wednesday, November 13th. KeyCorp cut shares of Eventbrite from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 9th. Finally, Piper Sandler downgraded shares of Eventbrite from an “overweight” rating to a “neutral” rating and cut their price target for the company from $9.00 to $4.00 in a report on Friday, August 9th.

Eventbrite Stock Down 6.5 %

EB stock opened at $3.61 on Friday. The firm’s 50-day moving average is $3.22 and its two-hundred day moving average is $3.86. The company has a market capitalization of $349.74 million, a price-to-earnings ratio of -40.11 and a beta of 2.27. Eventbrite has a 52 week low of $2.51 and a 52 week high of $9.20. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34.

Insider Activity at Eventbrite

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.03, for a total transaction of $60,600.00. Following the sale, the chief financial officer now directly owns 628,152 shares of the company’s stock, valued at $1,903,300.56. The trade was a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 21.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. 272 Capital LP acquired a new stake in shares of Eventbrite during the third quarter worth approximately $255,000. Barclays PLC lifted its position in Eventbrite by 151.8% in the 3rd quarter. Barclays PLC now owns 169,642 shares of the company’s stock worth $462,000 after buying an additional 102,283 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Eventbrite by 61.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 56,712 shares of the company’s stock worth $155,000 after buying an additional 21,525 shares in the last quarter. State Street Corp increased its stake in shares of Eventbrite by 1.9% in the third quarter. State Street Corp now owns 1,758,915 shares of the company’s stock worth $4,802,000 after acquiring an additional 32,210 shares during the last quarter. Finally, Quadrature Capital Ltd raised its holdings in shares of Eventbrite by 42.2% during the third quarter. Quadrature Capital Ltd now owns 74,798 shares of the company’s stock worth $205,000 after acquiring an additional 22,192 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Eventbrite Company Profile

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.