Eventbrite, Inc. (NYSE:EB) Given Average Rating of “Hold” by Brokerages

Eventbrite, Inc. (NYSE:EB) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $6.58.

Separately, BWS Financial reissued a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a report on Wednesday, November 13th.

Insider Buying and Selling

In other Eventbrite news, COO Charles Baker sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.55, for a total value of $71,000.00. Following the completion of the transaction, the chief operating officer now directly owns 617,487 shares in the company, valued at $2,192,078.85. This represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eventbrite

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nantahala Capital Management LLC bought a new position in Eventbrite during the 2nd quarter worth about $7,744,000. Acadian Asset Management LLC lifted its stake in shares of Eventbrite by 125.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock valued at $9,573,000 after purchasing an additional 1,102,809 shares during the period. Whetstone Capital Advisors LLC raised its position in Eventbrite by 74.6% during the third quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock worth $3,911,000 after acquiring an additional 612,173 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Eventbrite by 22.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock worth $5,999,000 after acquiring an additional 405,318 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Eventbrite during the third quarter worth $756,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Performance

Shares of EB opened at $3.36 on Tuesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50 day moving average price of $3.48 and a two-hundred day moving average price of $3.68. The firm has a market capitalization of $325.52 million, a P/E ratio of -37.33 and a beta of 2.27. Eventbrite has a 52 week low of $2.51 and a 52 week high of $9.20.

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.