SG Americas Securities LLC Invests $128,000 in Eventbrite, Inc. (NYSE:EB)

SG Americas Securities LLC acquired a new position in Eventbrite, Inc. (NYSE:EB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,369 shares of the company’s stock, valued at approximately $128,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EB. Tower Research Capital LLC TRC raised its stake in shares of Eventbrite by 126.8% in the first quarter. Tower Research Capital LLC TRC now owns 2,828 shares of the company’s stock worth $25,000 after purchasing an additional 1,581 shares during the last quarter. Covestor Ltd raised its stake in shares of Eventbrite by 217.7% in the third quarter. Covestor Ltd now owns 2,783 shares of the company’s stock worth $27,000 after purchasing an additional 1,907 shares during the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of Eventbrite by 47.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 4,880 shares of the company’s stock worth $29,000 after purchasing an additional 1,569 shares during the last quarter. UBS Group AG raised its stake in shares of Eventbrite by 57.5% in the third quarter. UBS Group AG now owns 6,409 shares of the company’s stock worth $38,000 after purchasing an additional 2,340 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Eventbrite by 49.2% in the fourth quarter. Citigroup Inc. now owns 12,497 shares of the company’s stock worth $73,000 after purchasing an additional 4,120 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eventbrite

In other news, CFO Charles Baker sold 20,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $5.52, for a total value of $110,400.00. Following the completion of the transaction, the chief financial officer now directly owns 357,839 shares of the company’s stock, valued at $1,975,271.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.28% of the stock is owned by corporate insiders.

Eventbrite Price Performance

Shares of NYSE EB opened at $5.15 on Thursday. The stock has a fifty day simple moving average of $6.37 and a two-hundred day simple moving average of $7.47. Eventbrite, Inc. has a 1-year low of $5.00 and a 1-year high of $11.90. The firm has a market cap of $524.63 million, a price-to-earnings ratio of -19.07 and a beta of 2.51. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.87.

Eventbrite (NYSE:EB) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. Eventbrite had a negative return on equity of 14.87% and a negative net margin of 8.12%. The business had revenue of $87.76 million during the quarter, compared to analyst estimates of $88.45 million. Analysts anticipate that Eventbrite, Inc. will post -0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley decreased their price target on Eventbrite from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Truist Financial decreased their price target on Eventbrite from $17.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Finally, Piper Sandler decreased their price target on Eventbrite from $13.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.00.

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.