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

Eventbrite, Inc. (NYSE:EB) has been given an average recommendation of “Hold” by the six ratings firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $5.40.

A number of research analysts have issued reports on the stock. B. Riley restated a “neutral” rating and issued a $3.50 target price (down from $5.00) on shares of Eventbrite in a report on Friday, February 28th. BWS Financial reissued a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a research note on Monday, April 14th.

Hedge Funds Weigh In On Eventbrite

A number of large investors have recently bought and sold shares of EB. Pallas Capital Advisors LLC increased its holdings in shares of Eventbrite by 52.2% during the 1st quarter. Pallas Capital Advisors LLC now owns 16,928 shares of the company’s stock worth $36,000 after buying an additional 5,803 shares during the last quarter. CHICAGO TRUST Co NA acquired a new stake in Eventbrite during the first quarter worth about $44,000. RPO LLC acquired a new position in shares of Eventbrite in the 4th quarter valued at about $55,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Eventbrite during the 4th quarter worth about $66,000. Finally, EntryPoint Capital LLC acquired a new stake in Eventbrite during the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Up 3.5 %

Shares of NYSE:EB opened at $2.24 on Friday. 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 company has a market capitalization of $211.50 million, a P/E ratio of -24.83 and a beta of 2.05. Eventbrite has a 52-week low of $1.81 and a 52-week high of $5.92. The stock’s fifty day simple moving average is $2.47 and its 200-day simple moving average is $3.06.

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.