Eventbrite’s (EB) “Buy” Rating Reaffirmed at BWS Financial

BWS Financial reissued their buy rating on shares of Eventbrite (NYSE:EB) in a research report sent to investors on Monday morning,Benzinga reports. BWS Financial currently has a $7.00 price objective on the stock.

Separately, B. Riley restated a “neutral” rating and issued a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Eventbrite currently has a consensus rating of “Hold” and an average target price of $5.40.

Eventbrite Trading Up 6.2 %

Shares of Eventbrite stock opened at $2.22 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite has a twelve month low of $1.81 and a twelve month high of $5.92. The firm has a market capitalization of $210.08 million, a PE ratio of -24.67 and a beta of 2.05. The firm’s 50-day moving average price is $2.57 and its 200 day moving average price is $3.08.

Institutional Trading of Eventbrite

A number of hedge funds have recently bought and sold shares of the business. FMR LLC grew its position in shares of Eventbrite by 59.5% in the third quarter. FMR LLC now owns 152,889 shares of the company’s stock valued at $417,000 after purchasing an additional 57,011 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Eventbrite by 14.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 227,897 shares of the company’s stock valued at $622,000 after buying an additional 29,390 shares in the last quarter. State Street Corp increased its stake in shares of Eventbrite by 1.9% in the 3rd quarter. State Street Corp now owns 1,758,915 shares of the company’s stock worth $4,802,000 after acquiring an additional 32,210 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Eventbrite by 61.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 56,712 shares of the company’s stock worth $155,000 after acquiring an additional 21,525 shares during the period. Finally, Barclays PLC boosted its position in shares of Eventbrite by 151.8% during the 3rd quarter. Barclays PLC now owns 169,642 shares of the company’s stock valued at $462,000 after acquiring an additional 102,283 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.