Intech Investment Management LLC Acquires New Shares in Eventbrite, Inc. (NYSE:EB)

Intech Investment Management LLC purchased a new position in shares of Eventbrite, Inc. (NYSE:EB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,759 shares of the company’s stock, valued at approximately $70,000.

A number of other large investors have also recently added to or reduced their stakes in EB. Rhumbline Advisers raised its position in shares of Eventbrite by 3.5% during the 2nd quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock worth $544,000 after purchasing an additional 3,829 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Eventbrite by 24.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock valued at $140,000 after acquiring an additional 5,664 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Eventbrite by 54.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock worth $64,000 after purchasing an additional 8,307 shares during the period. Covestor Ltd lifted its stake in shares of Eventbrite by 68.3% in the 3rd quarter. Covestor Ltd now owns 33,220 shares of the company’s stock valued at $91,000 after purchasing an additional 13,483 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Eventbrite by 57.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 48,586 shares of the company’s stock worth $235,000 after purchasing an additional 17,786 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.58.

Eventbrite Trading Up 1.7 %

NYSE:EB opened at $3.67 on Monday. The stock has a market cap of $355.55 million, a price-to-earnings ratio of -40.78 and a beta of 2.27. Eventbrite, Inc. has a one year low of $2.51 and a one year high of $9.20. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The business’s 50-day simple moving average is $3.24 and its 200 day simple moving average is $3.83.

Insider Transactions at Eventbrite

In other news, CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.03, for a total value of $60,600.00. Following the completion of the transaction, the chief financial officer now owns 628,152 shares in the company, valued at approximately $1,903,300.56. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 21.46% 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.