26,377 Shares in Eventbrite, Inc. (NYSE:EB) Bought by Versor Investments LP

Versor Investments LP bought a new position in Eventbrite, Inc. (NYSE:EBFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 26,377 shares of the company’s stock, valued at approximately $221,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Eventbrite by 0.6% in the third quarter. Vanguard Group Inc. now owns 7,901,768 shares of the company’s stock worth $77,911,000 after buying an additional 49,892 shares during the period. American Century Companies Inc. increased its stake in shares of Eventbrite by 55.7% in the third quarter. American Century Companies Inc. now owns 4,109,897 shares of the company’s stock worth $40,524,000 after buying an additional 1,470,551 shares during the period. Wellington Management Group LLP increased its stake in shares of Eventbrite by 43.1% in the third quarter. Wellington Management Group LLP now owns 3,705,212 shares of the company’s stock worth $36,533,000 after buying an additional 1,116,749 shares during the period. Invesco Ltd. increased its stake in shares of Eventbrite by 33.4% in the third quarter. Invesco Ltd. now owns 3,600,139 shares of the company’s stock worth $35,497,000 after buying an additional 900,925 shares during the period. Finally, Rice Hall James & Associates LLC boosted its holdings in Eventbrite by 12.4% in the third quarter. Rice Hall James & Associates LLC now owns 1,623,425 shares of the company’s stock valued at $16,007,000 after acquiring an additional 178,475 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Eventbrite Stock Performance

Shares of EB stock opened at $5.21 on Thursday. Eventbrite, Inc. has a 12 month low of $5.00 and a 12 month high of $11.90. The stock has a market cap of $505.94 million, a PE ratio of -27.42 and a beta of 2.44. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.95. The company’s fifty day moving average price is $5.45 and its 200-day moving average price is $6.98.

Eventbrite (NYSE:EBGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $87.76 million for the quarter, compared to analysts’ expectations of $88.45 million. Eventbrite had a negative net margin of 5.47% and a negative return on equity of 10.00%. On average, equities analysts expect that Eventbrite, Inc. will post -0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EB has been the topic of several recent analyst reports. Truist Financial cut their price target on shares of Eventbrite from $17.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. BWS Financial reiterated a “buy” rating and issued a $12.00 price target on shares of Eventbrite in a report on Friday, May 3rd. Piper Sandler cut their price target on shares of Eventbrite from $13.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. KeyCorp cut their price target on shares of Eventbrite from $13.00 to $6.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. Finally, Morgan Stanley cut their price target on shares of Eventbrite from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.29.

Read Our Latest Stock Analysis on EB

Insider Buying and Selling

In related news, CFO Charles Baker sold 20,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $5.52, for a total value of $110,400.00. Following the transaction, the chief financial officer now owns 357,839 shares in the company, valued at approximately $1,975,271.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 17.28% of the stock is currently owned by company insiders.

About Eventbrite

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Eventbrite (NYSE:EB)

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