Eventbrite, Inc. (NYSE:EB) Shares Acquired by Fmr LLC

Fmr LLC increased its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 59.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,889 shares of the company’s stock after purchasing an additional 57,011 shares during the period. Fmr LLC owned 0.16% of Eventbrite worth $417,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in shares of Eventbrite in the third quarter valued at approximately $25,000. Harbor Capital Advisors Inc. grew its position in Eventbrite by 54.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock valued at $64,000 after buying an additional 8,307 shares during the last quarter. Intech Investment Management LLC acquired a new position in Eventbrite in the 3rd quarter valued at $70,000. US Bancorp DE increased its stake in Eventbrite by 327.3% in the 3rd quarter. US Bancorp DE now owns 26,004 shares of the company’s stock valued at $71,000 after buying an additional 19,919 shares during the period. Finally, Covestor Ltd raised its position in Eventbrite by 68.3% during the 3rd quarter. Covestor Ltd now owns 33,220 shares of the company’s stock worth $91,000 after buying an additional 13,483 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Eventbrite Stock Performance

Shares of EB opened at $3.38 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite, Inc. has a 52-week low of $2.51 and a 52-week high of $9.20. The company has a 50-day simple moving average of $3.39 and a 200-day simple moving average of $3.77. The company has a market capitalization of $327.46 million, a PE ratio of -37.56 and a beta of 2.27.

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research note 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 data from MarketBeat.com, Eventbrite currently has a consensus rating of “Hold” and an average price target of $6.58.

Insiders Place Their Bets

In related news, COO Charles Baker sold 20,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.55, for a total value of $71,000.00. Following the sale, the chief operating officer now directly owns 617,487 shares in the company, valued at $2,192,078.85. The trade was a 3.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.46% of the stock is currently owned by company insiders.

Eventbrite Company 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.