Charles Schwab Investment Management Inc. Decreases Holdings in Eventbrite, Inc. (NYSE:EB)

Charles Schwab Investment Management Inc. trimmed its stake in shares of Eventbrite, Inc. (NYSE:EB) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 596,882 shares of the company’s stock after selling 66,004 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.62% of Eventbrite worth $1,629,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in Eventbrite during the 3rd quarter valued at $70,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Eventbrite by 46.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company’s stock worth $1,300,000 after buying an additional 149,934 shares in the last quarter. Covestor Ltd lifted its stake in Eventbrite by 68.3% in the third quarter. Covestor Ltd now owns 33,220 shares of the company’s stock valued at $91,000 after acquiring an additional 13,483 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in 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 last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of Eventbrite by 5.2% in the third quarter. Rice Hall James & Associates LLC now owns 2,174,978 shares of the company’s stock worth $5,938,000 after purchasing an additional 108,300 shares during the period. Institutional investors own 91.64% of the company’s stock.

Eventbrite Trading Up 2.8 %

Shares of EB opened at $3.65 on Tuesday. The stock’s fifty day simple moving average is $3.36 and its 200-day simple moving average is $3.78. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite, Inc. has a 12-month low of $2.51 and a 12-month high of $9.20. The firm has a market capitalization of $353.61 million, a PE ratio of -40.56 and a beta of 2.27.

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and issued a $7.00 target price 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.58.

Eventbrite 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.