BNP Paribas Financial Markets Reduces Stock Position in Eventbrite, Inc. (NYSE:EB)

BNP Paribas Financial Markets reduced its stake in shares of Eventbrite, Inc. (NYSE:EB) by 33.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,028 shares of the company’s stock after selling 43,653 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of Eventbrite worth $240,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Eventbrite by 59.5% during the 3rd quarter. FMR LLC now owns 152,889 shares of the company’s stock valued at $417,000 after acquiring an additional 57,011 shares during the period. Quantbot Technologies LP bought a new stake in shares of Eventbrite in the 3rd quarter worth about $25,000. Whetstone Capital Advisors LLC lifted its stake in shares of Eventbrite by 74.6% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock worth $3,911,000 after acquiring an additional 612,173 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Eventbrite in the 3rd quarter worth about $756,000. Finally, Algert Global LLC increased its holdings in Eventbrite by 28.5% during the 3rd quarter. Algert Global LLC now owns 739,768 shares of the company’s stock worth $2,020,000 after purchasing an additional 164,080 shares during the period. Institutional investors own 91.64% of the company’s stock.

Eventbrite Price Performance

Eventbrite stock opened at $3.65 on Tuesday. 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 company’s fifty day moving average price is $3.36 and its 200 day moving average price is $3.78. The stock has a market capitalization of $353.61 million, a P/E ratio of -40.56 and a beta of 2.27. Eventbrite, Inc. has a 1 year low of $2.51 and a 1 year high of $9.20.

Analysts Set New Price Targets

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

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.