Eventbrite, Inc. $EB Shares Sold by Palogic Value Management L.P.

Palogic Value Management L.P. lowered its position in shares of Eventbrite, Inc. (NYSE:EB) by 5.5% in the second quarter, Holdings Channel.com reports. The fund owned 826,662 shares of the company’s stock after selling 48,338 shares during the quarter. Palogic Value Management L.P.’s holdings in Eventbrite were worth $2,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Eventbrite by 80.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,917 shares of the company’s stock worth $80,000 after purchasing an additional 16,903 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Eventbrite by 81.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 400,181 shares of the company’s stock worth $844,000 after purchasing an additional 179,740 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Eventbrite during the first quarter worth $448,000. Federated Hermes Inc. purchased a new stake in shares of Eventbrite during the first quarter worth $52,000. Finally, CWM LLC raised its position in shares of Eventbrite by 28.3% in the second quarter. CWM LLC now owns 72,795 shares of the company’s stock valued at $191,000 after buying an additional 16,038 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eventbrite in a research note on Wednesday, October 8th. Morgan Stanley set a $2.70 target price on Eventbrite in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.40.

Eventbrite Trading Up 1.1%

Shares of EB opened at $2.32 on Friday. Eventbrite, Inc. has a 12-month low of $1.80 and a 12-month high of $4.12. The firm has a market capitalization of $223.40 million, a P/E ratio of -10.52 and a beta of 2.06. The firm has a 50-day moving average price of $2.57 and a 200 day moving average price of $2.48. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.19.

Eventbrite (NYSE:EB) last posted its earnings results on Thursday, August 7th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.06. Eventbrite had a negative net margin of 6.93% and a negative return on equity of 11.91%. The company had revenue of $72.76 million for the quarter, compared to analyst estimates of $71.67 million. Eventbrite has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Eventbrite, Inc. will post -0.12 EPS for the current year.

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.