Barclays PLC Acquires 102,283 Shares of Eventbrite, Inc. (NYSE:EB)

Barclays PLC increased its holdings in Eventbrite, Inc. (NYSE:EB) by 151.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,642 shares of the company’s stock after buying an additional 102,283 shares during the period. Barclays PLC owned 0.18% of Eventbrite worth $462,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Eventbrite in the third quarter worth $25,000. Paloma Partners Management Co purchased a new stake in Eventbrite during the 3rd quarter worth about $44,000. Harbor Capital Advisors Inc. boosted its stake 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 period. Intech Investment Management LLC purchased a new position in Eventbrite during the 3rd quarter valued at about $70,000. Finally, US Bancorp DE increased its position in shares of Eventbrite by 327.3% during the third quarter. US Bancorp DE now owns 26,004 shares of the company’s stock valued at $71,000 after buying an additional 19,919 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Eventbrite Price Performance

Shares of NYSE EB opened at $3.59 on Friday. The stock’s 50-day simple moving average is $3.52 and its two-hundred day simple moving average is $3.65. Eventbrite, Inc. has a twelve month low of $2.51 and a twelve month high of $9.20. The firm has a market capitalization of $347.80 million, a P/E ratio of -39.89 and a beta of 2.27. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

Insider Buying and Selling

In other Eventbrite news, COO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $3.55, for a total transaction of $71,000.00. Following the completion of the sale, the chief operating officer now owns 617,487 shares of the company’s stock, valued at $2,192,078.85. The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.