Eventbrite, Inc. (NYSE:EB) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Eventbrite, Inc. (NYSE:EB) by 18.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,012 shares of the company’s stock after purchasing an additional 13,882 shares during the quarter. SG Americas Securities LLC owned about 0.09% of Eventbrite worth $299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Whetstone Capital Advisors LLC lifted its stake in shares of Eventbrite by 74.6% in 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 period. Jacobs Levy Equity Management Inc. raised its holdings in Eventbrite by 22.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock worth $5,999,000 after purchasing an additional 405,318 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Eventbrite in the third quarter worth approximately $756,000. Algert Global LLC boosted its stake in Eventbrite by 28.5% during the 3rd quarter. Algert Global LLC now owns 739,768 shares of the company’s stock valued at $2,020,000 after purchasing an additional 164,080 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Eventbrite by 46.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company’s stock valued at $1,300,000 after purchasing an additional 149,934 shares during the period. Institutional investors own 91.64% of the company’s stock.

Insider Activity at Eventbrite

In other news, COO Charles Baker sold 20,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 617,487 shares in the company, valued at $2,192,078.85. The trade was a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.46% of the stock is currently owned by corporate insiders.

Eventbrite Trading Down 0.8 %

Eventbrite stock opened at $3.28 on Thursday. The firm has a market cap of $317.28 million, a price-to-earnings ratio of -36.39 and a beta of 2.27. Eventbrite, Inc. has a 1 year low of $2.51 and a 1 year high of $9.20. The firm’s 50 day moving average price is $3.51 and its two-hundred day moving average price is $3.41. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56.

Eventbrite (NYSE:EB) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. The business had revenue of $77.80 million for the quarter, compared to analysts’ expectations of $75.75 million. During the same period in the previous year, the firm posted ($0.10) EPS. On average, research analysts predict that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

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