Eventbrite (NYSE:EB) Receives Buy Rating from BWS Financial

BWS Financial reiterated their buy rating on shares of Eventbrite (NYSE:EB) in a report issued on Monday morning,Benzinga reports. BWS Financial currently has a $7.00 price objective on the stock.

Separately, B. Riley restated a “neutral” rating and set a $3.50 target price (down from $5.00) on shares of Eventbrite in a report on Friday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.40.

Eventbrite Stock Performance

NYSE:EB opened at $2.45 on Monday. 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 firm has a 50-day moving average price of $3.39 and a two-hundred day moving average price of $3.27. Eventbrite has a twelve month low of $2.23 and a twelve month high of $6.02. The company has a market capitalization of $237.36 million, a P/E ratio of -27.22 and a beta of 2.26.

Insider Transactions at Eventbrite

In related news, COO Charles Baker sold 20,000 shares of the firm’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 sale, the chief operating officer now directly owns 617,487 shares of the company’s stock, valued at approximately $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. Insiders own 21.46% of the company’s stock.

Institutional Investors Weigh In On Eventbrite

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of Eventbrite in the third quarter worth approximately $25,000. Pallas Capital Advisors LLC acquired a new stake in shares of Eventbrite in the fourth quarter worth approximately $37,000. Paloma Partners Management Co acquired a new stake in shares of Eventbrite in the third quarter worth approximately $44,000. RPO LLC acquired a new stake in shares of Eventbrite in the fourth quarter worth approximately $55,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Eventbrite during the fourth quarter valued at approximately $66,000. 91.64% of the stock is owned by institutional investors and hedge funds.

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.