Jacobs Levy Equity Management Inc. Sells 1,662,635 Shares of Eventbrite, Inc. $EB

Jacobs Levy Equity Management Inc. lowered its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 71.0% in the 1st quarter, HoldingsChannel reports. The firm owned 680,649 shares of the company’s stock after selling 1,662,635 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Eventbrite were worth $1,436,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EB. Dimensional Fund Advisors LP grew its stake in Eventbrite by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 682,718 shares of the company’s stock worth $2,294,000 after purchasing an additional 18,675 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Eventbrite by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company’s stock valued at $209,000 after acquiring an additional 5,114 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Eventbrite in the fourth quarter valued at approximately $66,000. Ameriprise Financial Inc. grew its stake in 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 acquiring an additional 10,144 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in Eventbrite by 24.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,016,634 shares of the company’s stock valued at $6,776,000 after acquiring an additional 393,964 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley set a $2.70 price objective on Eventbrite in a research note on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Eventbrite has a consensus rating of “Moderate Buy” and an average target price of $4.40.

Eventbrite Stock Performance

Shares of Eventbrite stock opened at $2.76 on Friday. The business’s fifty day simple moving average is $2.56 and its 200 day simple moving average is $2.42. The firm has a market capitalization of $265.86 million, a P/E ratio of -12.52 and a beta of 2.03. Eventbrite, Inc. has a 12 month low of $1.80 and a 12 month high of $4.12. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.19.

Eventbrite (NYSE:EB) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. The business had revenue of $72.76 million for the quarter, compared to analyst estimates of $71.67 million. Eventbrite had a negative return on equity of 11.91% and a negative net margin of 6.93%. Eventbrite has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Eventbrite, Inc. will post -0.12 EPS for the current year.

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.