Eventbrite, Inc. (NYSE:EB) COO Charles Baker Sells 20,000 Shares

Eventbrite, Inc. (NYSE:EB) COO Charles Baker sold 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the completion of the sale, the chief operating officer now directly owns 617,487 shares of the company’s stock, valued at $2,192,078.85. This trade represents a 3.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Eventbrite Stock Down 1.0 %

Shares of NYSE:EB traded down $0.03 during midday trading on Tuesday, reaching $3.62. The company had a trading volume of 1,005,097 shares, compared to its average volume of 1,741,145. The stock has a market capitalization of $350.22 million, a P/E ratio of -40.11 and a beta of 2.27. The stock’s fifty day moving average price is $3.36 and its 200-day moving average price is $3.78. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. Eventbrite, Inc. has a one year low of $2.51 and a one year high of $9.20.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “buy” rating and set a $7.00 price target on shares of Eventbrite in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.58.

Institutional Investors Weigh In On Eventbrite

A number of institutional investors have recently modified their holdings of EB. Quantbot Technologies LP bought a new stake in Eventbrite in the third quarter valued at about $25,000. Paloma Partners Management Co bought a new stake in shares of Eventbrite in the 3rd quarter valued at approximately $44,000. Harbor Capital Advisors Inc. raised its position in shares of Eventbrite by 54.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock valued at $64,000 after acquiring an additional 8,307 shares in the last quarter. Intech Investment Management LLC bought a new position in Eventbrite during the third quarter worth $70,000. Finally, US Bancorp DE lifted its stake in Eventbrite by 327.3% during the third quarter. US Bancorp DE now owns 26,004 shares of the company’s stock worth $71,000 after purchasing an additional 19,919 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.