Savant Capital LLC Purchases 16,310 Shares of Eventbrite, Inc. (NYSE:EB)

Savant Capital LLC raised its stake in Eventbrite, Inc. (NYSE:EB) by 76.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,590 shares of the company’s stock after purchasing an additional 16,310 shares during the quarter. Savant Capital LLC’s holdings in Eventbrite were worth $126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EB. Whetstone Capital Advisors LLC lifted its position in Eventbrite by 74.6% in the third quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock valued at $3,911,000 after purchasing an additional 612,173 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Eventbrite by 22.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock valued at $5,999,000 after purchasing an additional 405,318 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Eventbrite in the third quarter valued at approximately $756,000. Algert Global LLC lifted its position in Eventbrite by 28.5% in the third 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Eventbrite by 46.0% in the third 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 last quarter. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

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 stock was sold at an average price of $3.55, for a total transaction of $71,000.00. Following the transaction, the chief operating officer now directly owns 617,487 shares of the company’s stock, valued at approximately $2,192,078.85. The trade was a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.46% of the company’s stock.

Eventbrite Price Performance

EB opened at $3.39 on Thursday. 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, Inc. has a 52-week low of $2.51 and a 52-week high of $8.76. The stock has a market capitalization of $327.94 million, a PE ratio of -37.61 and a beta of 2.26. The stock’s 50 day moving average price is $3.44 and its 200-day moving average price is $3.29.

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.