Barclays PLC Purchases 102,283 Shares of Eventbrite, Inc. (NYSE:EB)

Barclays PLC increased its holdings in Eventbrite, Inc. (NYSE:EB) by 151.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,642 shares of the company’s stock after acquiring an additional 102,283 shares during the period. Barclays PLC owned about 0.18% of Eventbrite worth $462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quantbot Technologies LP bought a new position in Eventbrite in the 3rd quarter valued at $25,000. Paloma Partners Management Co purchased a new position in shares of Eventbrite in the 3rd quarter worth about $44,000. Harbor Capital Advisors Inc. grew its position in Eventbrite by 54.8% during the third 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 period. Intech Investment Management LLC purchased a new stake in Eventbrite during the third quarter worth about $70,000. Finally, US Bancorp DE raised its position in Eventbrite by 327.3% in the third quarter. US Bancorp DE now owns 26,004 shares of the company’s stock worth $71,000 after acquiring an additional 19,919 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Eventbrite

In other news, COO Charles Baker sold 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was 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 of the company’s stock, valued at $2,192,078.85. This trade represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 21.46% of the company’s stock.

Eventbrite Trading Up 0.4 %

Shares of EB opened at $3.54 on Friday. The firm has a market cap of $342.47 million, a P/E ratio of -39.28 and a beta of 2.26. Eventbrite, Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $9.20. 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 business has a 50-day moving average of $3.56 and a 200 day moving average of $3.55.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.58.

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.