US Bancorp DE Has $134,000 Stock Position in Eventbrite, Inc. (NYSE:EB)

US Bancorp DE increased its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 53.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,011 shares of the company’s stock after buying an additional 14,007 shares during the quarter. US Bancorp DE’s holdings in Eventbrite were worth $134,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EB. Connor Clark & Lunn Investment Management Ltd. raised its stake in Eventbrite by 46.0% during 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 during the period. Intech Investment Management LLC acquired a new stake in Eventbrite during the 3rd quarter worth $70,000. Algert Global LLC raised its stake in Eventbrite by 28.5% during the 3rd quarter. Algert Global LLC now owns 739,768 shares of the company’s stock worth $2,020,000 after buying an additional 164,080 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Eventbrite during the 3rd quarter worth $756,000. Finally, Whetstone Capital Advisors LLC raised its stake in Eventbrite by 74.6% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock worth $3,911,000 after buying an additional 612,173 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EB. BWS Financial reissued a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a research note on Monday, March 3rd. B. Riley reissued a “neutral” rating and issued a $3.50 price target (down previously from $5.00) on shares of Eventbrite in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Eventbrite has a consensus rating of “Hold” and a consensus target price of $5.40.

Eventbrite Price Performance

Shares of NYSE EB opened at $2.27 on Monday. The stock has a market capitalization of $214.33 million, a price-to-earnings ratio of -25.17 and a beta of 2.24. The business has a 50-day moving average of $3.16 and a 200-day moving average of $3.22. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. Eventbrite, Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $6.02.

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.