Eventbrite, Inc. (NYSE:EB) Shares Purchased by State Street Corp

State Street Corp lifted its stake in shares of Eventbrite, Inc. (NYSE:EB) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,758,915 shares of the company’s stock after acquiring an additional 32,210 shares during the period. State Street Corp owned 1.83% of Eventbrite worth $4,802,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EB. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Eventbrite by 24.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock valued at $140,000 after buying an additional 5,664 shares during the period. Rhumbline Advisers lifted its stake in shares of Eventbrite by 3.5% in the 2nd quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock valued at $544,000 after purchasing an additional 3,829 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Eventbrite by 125.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock worth $9,573,000 after purchasing an additional 1,102,809 shares during the period. XTX Topco Ltd increased its position in Eventbrite by 350.8% during the 2nd quarter. XTX Topco Ltd now owns 97,125 shares of the company’s stock worth $470,000 after purchasing an additional 75,582 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Eventbrite by 122.2% during the second quarter. Sei Investments Co. now owns 256,031 shares of the company’s stock valued at $1,239,000 after buying an additional 140,794 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 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, the company currently has a consensus rating of “Hold” and a consensus target price of $6.58.

Eventbrite Price Performance

EB opened at $3.37 on Monday. Eventbrite, Inc. has a twelve month low of $2.51 and a twelve month high of $9.20. The firm has a market cap of $326.49 million, a price-to-earnings ratio of -37.44 and a beta of 2.27. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. The company has a fifty day simple moving average of $3.48 and a 200 day simple moving average of $3.69.

Insider Activity

In other Eventbrite news, COO Charles Baker sold 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the completion of the transaction, the chief operating officer now directly owns 617,487 shares of the company’s stock, valued at $2,192,078.85. This trade represents a 3.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.46% of the company’s stock.

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.