Bank of New York Mellon Corp Raises Stake in Eventbrite, Inc. (NYSE:EB)

Bank of New York Mellon Corp increased its stake in Eventbrite, Inc. (NYSE:EB) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,548 shares of the company’s stock after buying an additional 5,359 shares during the period. Bank of New York Mellon Corp owned 0.23% of Eventbrite worth $765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Eventbrite by 22.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock worth $5,999,000 after buying an additional 405,318 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Eventbrite in the third quarter valued at about $756,000. Algert Global LLC grew its holdings 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 acquiring an additional 164,080 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 acquiring an additional 149,934 shares in the last quarter. Finally, Barclays PLC increased its position in Eventbrite by 151.8% during the 3rd quarter. Barclays PLC now owns 169,642 shares of the company’s stock valued at $462,000 after purchasing an additional 102,283 shares during the period. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EB. BWS Financial reiterated a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a report on Monday, March 3rd. B. Riley reiterated a “neutral” rating and issued a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a research note on Friday, February 28th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Eventbrite presently has an average rating of “Hold” and a consensus target price of $5.40.

Eventbrite Stock Performance

Shares of EB stock opened at $2.26 on Thursday. Eventbrite, Inc. has a 12-month low of $2.11 and a 12-month high of $5.98. The business’s fifty day simple moving average is $2.98 and its 200-day simple moving average is $3.17. 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 market cap of $213.39 million, a PE ratio of -25.06 and a beta of 2.24.

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.