Eventbrite, Inc. (NYSE:EB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Eventbrite, Inc. (NYSE:EB) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $5.70.

EB has been the subject of a number of research analyst reports. B. Riley reiterated a “neutral” rating and issued a $3.50 price target (down from $5.00) on shares of Eventbrite in a research note on Friday. BWS Financial reiterated a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a research note on Wednesday, November 13th.

Eventbrite Trading Down 2.7 %

Eventbrite stock opened at $3.10 on Friday. The stock has a 50-day moving average of $3.40 and a two-hundred day moving average of $3.28. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. Eventbrite has a one year low of $2.51 and a one year high of $6.17. The stock has a market cap of $299.85 million, a PE ratio of -34.39 and a beta of 2.27.

Insider Transactions at Eventbrite

In other news, COO Charles Baker sold 20,000 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 21.46% of the company’s stock.

Hedge Funds Weigh In On Eventbrite

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whetstone Capital Advisors LLC lifted its holdings in Eventbrite by 74.6% during the third quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock valued at $3,911,000 after purchasing an additional 612,173 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Eventbrite during the third quarter valued at $756,000. FMR LLC lifted its holdings in Eventbrite by 59.5% during the third quarter. FMR LLC now owns 152,889 shares of the company’s stock valued at $417,000 after purchasing an additional 57,011 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings 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 valued at $5,999,000 after purchasing an additional 405,318 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Eventbrite by 46.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company’s stock valued at $1,300,000 after purchasing an additional 149,934 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

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.