Balyasny Asset Management L.P. Sells 26,549 Shares of Eventbrite, Inc. (NYSE:EB)

Balyasny Asset Management L.P. lessened its stake in Eventbrite, Inc. (NYSE:EB) by 28.1% during the fourth quarter, Holdings Channel reports. The firm owned 67,967 shares of the company’s stock after selling 26,549 shares during the period. Balyasny Asset Management L.P.’s holdings in Eventbrite were worth $228,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its holdings in shares of Eventbrite by 4.5% in the fourth quarter. Ameriprise Financial Inc. now owns 237,387 shares of the company’s stock valued at $798,000 after purchasing an additional 10,144 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Eventbrite in the fourth quarter valued at approximately $66,000. Nantahala Capital Management LLC lifted its holdings in shares of Eventbrite by 76.5% in the fourth quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock valued at $19,928,000 after purchasing an additional 2,569,747 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Eventbrite in the fourth quarter valued at approximately $669,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Eventbrite during the fourth quarter worth $1,179,000. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EB. BWS Financial reiterated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a report on Monday, April 14th. B. Riley reiterated a “neutral” rating and set a $3.50 price target (down from $5.00) on shares of Eventbrite in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.25.

Eventbrite Stock Performance

NYSE:EB opened at $2.34 on Friday. The company has a market capitalization of $221.43 million, a P/E ratio of -26.00 and a beta of 2.02. The business has a fifty day simple moving average of $2.18 and a two-hundred day simple moving average of $2.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. Eventbrite, Inc. has a 1 year low of $1.81 and a 1 year high of $5.92.

Eventbrite (NYSE:EB) last issued its earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.01. The firm had revenue of $73.83 million for the quarter, compared to analyst estimates of $72.88 million. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. On average, analysts expect that Eventbrite, Inc. will post -0.12 earnings per share for the current year.

Eventbrite 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.