US Bancorp DE Acquires 19,919 Shares of Eventbrite, Inc. (NYSE:EB)

US Bancorp DE increased its holdings in Eventbrite, Inc. (NYSE:EB) by 327.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 26,004 shares of the company’s stock after buying an additional 19,919 shares during the quarter. US Bancorp DE’s holdings in Eventbrite were worth $71,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in shares of Eventbrite in the first quarter worth $64,000. Public Employees Retirement System of Ohio bought a new stake in shares of Eventbrite during the 1st quarter valued at about $102,000. Entropy Technologies LP bought a new stake in shares of Eventbrite during the 1st quarter valued at about $115,000. SG Americas Securities LLC purchased a new stake in shares of Eventbrite during the 2nd quarter valued at about $124,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Eventbrite by 24.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock worth $140,000 after purchasing an additional 5,664 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Charles Baker sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the completion of the transaction, the chief financial officer now owns 628,152 shares in the company, valued at $1,903,300.56. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Vivek Sagi sold 75,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $3.44, for a total value of $258,000.00. Following the completion of the sale, the chief technology officer now owns 495,464 shares in the company, valued at $1,704,396.16. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.46% of the stock is currently owned by corporate insiders.

Eventbrite Price Performance

NYSE:EB opened at $3.50 on Friday. The business’s 50-day simple moving average is $3.02 and its two-hundred day simple moving average is $4.03. Eventbrite, Inc. has a 52 week low of $2.51 and a 52 week high of $9.20. The stock has a market cap of $336.35 million, a PE ratio of -38.89 and a beta of 2.29. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

Wall Street Analysts Forecast Growth

EB has been the subject of several recent research reports. Piper Sandler lowered shares of Eventbrite from an “overweight” rating to a “neutral” rating and cut their target price for the company from $9.00 to $4.00 in a research report on Friday, August 9th. BWS Financial restated a “buy” rating and issued a $7.00 price objective on shares of Eventbrite in a research note on Wednesday. B. Riley decreased their target price on Eventbrite from $10.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Truist Financial cut Eventbrite from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, KeyCorp cut Eventbrite from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.