Algert Global LLC Purchases 164,080 Shares of Eventbrite, Inc. (NYSE:EB)

Algert Global LLC raised its position in Eventbrite, Inc. (NYSE:EB) by 28.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 739,768 shares of the company’s stock after acquiring an additional 164,080 shares during the period. Algert Global LLC owned approximately 0.77% of Eventbrite worth $2,020,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of Eventbrite in the 1st quarter worth about $64,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Eventbrite in the first quarter worth approximately $102,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Eventbrite by 54.8% in the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock valued at $64,000 after purchasing an additional 8,307 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Eventbrite during the second quarter valued at approximately $124,000. Finally, Intech Investment Management LLC bought a new stake in Eventbrite during the third quarter worth $70,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BWS Financial restated a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a research note on Wednesday, November 13th. Truist Financial downgraded shares of Eventbrite from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. B. Riley decreased their price objective on shares of Eventbrite from $10.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 9th. KeyCorp downgraded Eventbrite from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 9th. Finally, Piper Sandler downgraded Eventbrite from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $9.00 to $4.00 in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.58.

Insiders Place Their Bets

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.03, for a total transaction of $60,600.00. Following the completion of the transaction, the chief financial officer now owns 628,152 shares in the company, valued at $1,903,300.56. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 21.46% of the company’s stock.

Eventbrite Trading Down 1.3 %

Shares of EB stock opened at $3.68 on Thursday. 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 $356.52 million, a P/E ratio of -41.50 and a beta of 2.29. The company has a 50 day moving average of $3.10 and a 200-day moving average of $3.92. Eventbrite, Inc. has a 12-month low of $2.51 and a 12-month high of $9.20.

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.