Savant Capital LLC Raises Stock Holdings in Eventbrite, Inc. (NYSE:EB)

Savant Capital LLC increased its position in Eventbrite, Inc. (NYSE:EB) by 76.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,590 shares of the company’s stock after purchasing an additional 16,310 shares during the period. Savant Capital LLC’s holdings in Eventbrite were worth $126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EB. Whetstone Capital Advisors LLC grew its stake in Eventbrite by 74.6% in the third quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock worth $3,911,000 after purchasing an additional 612,173 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Eventbrite by 22.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock worth $5,999,000 after purchasing an additional 405,318 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Eventbrite in the third quarter worth $756,000. Algert Global LLC grew its stake in shares of Eventbrite by 28.5% in the third quarter. Algert Global LLC now owns 739,768 shares of the company’s stock worth $2,020,000 after acquiring an additional 164,080 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Eventbrite by 46.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company’s stock worth $1,300,000 after acquiring an additional 149,934 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Eventbrite has an average rating of “Hold” and an average target price of $6.58.

Eventbrite Trading Up 0.1 %

NYSE EB opened at $3.39 on Thursday. Eventbrite, Inc. has a 12 month low of $2.51 and a 12 month high of $8.76. The stock has a market cap of $327.94 million, a P/E ratio of -37.61 and a beta of 2.26. The stock’s fifty day moving average price is $3.44 and its 200-day moving average price is $3.29. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34.

Insider Transactions at Eventbrite

In other news, COO Charles Baker sold 20,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $3.55, for a total transaction of $71,000.00. Following the transaction, the chief operating officer now directly owns 617,487 shares of the company’s stock, valued at $2,192,078.85. This represents a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 21.46% 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.