Jacobs Levy Equity Management Inc. Increases Holdings in Eventbrite, Inc. (NYSE:EB)

Jacobs Levy Equity Management Inc. raised its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,343,284 shares of the company’s stock after purchasing an additional 145,846 shares during the period. Jacobs Levy Equity Management Inc. owned 2.42% of Eventbrite worth $7,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nantahala Capital Management LLC raised its position in Eventbrite by 76.5% during the 4th quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock valued at $19,928,000 after purchasing an additional 2,569,747 shares during the last quarter. Winslow Capital Management LLC bought a new position in shares of Eventbrite in the 4th quarter worth approximately $7,962,000. D. E. Shaw & Co. Inc. raised its position in shares of Eventbrite by 24.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,016,634 shares of the company’s stock worth $6,776,000 after acquiring an additional 393,964 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Eventbrite by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,778,279 shares of the company’s stock worth $5,977,000 after acquiring an additional 11,135 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Eventbrite by 48.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 708,386 shares of the company’s stock worth $2,380,000 after acquiring an additional 232,353 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Down 4.0%

EB stock opened at $2.41 on Wednesday. Eventbrite, Inc. has a twelve month low of $1.81 and a twelve month high of $5.92. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The firm has a market cap of $228.06 million, a PE ratio of -26.78 and a beta of 2.02. The business has a 50 day moving average of $2.18 and a 200 day moving average of $2.99.

Eventbrite (NYSE:EB) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. The company had revenue of $73.83 million during the quarter, compared to analyst estimates of $72.88 million. On average, research analysts forecast that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

EB has been the subject of several research reports. B. Riley reissued a “neutral” rating and issued a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. BWS Financial reissued a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.25.

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.