US Bancorp DE Buys 14,007 Shares of Eventbrite, Inc. (NYSE:EB)

US Bancorp DE grew its stake in Eventbrite, Inc. (NYSE:EB) by 53.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 40,011 shares of the company’s stock after purchasing an additional 14,007 shares during the quarter. US Bancorp DE’s holdings in Eventbrite were worth $134,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Eventbrite by 46.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company’s stock worth $1,300,000 after purchasing an additional 149,934 shares during the period. Intech Investment Management LLC bought a new position in Eventbrite during the third quarter worth about $70,000. Algert Global LLC grew its holdings in Eventbrite by 28.5% during the third quarter. Algert Global LLC now owns 739,768 shares of the company’s stock worth $2,020,000 after purchasing an additional 164,080 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Eventbrite during the third quarter worth about $756,000. Finally, Whetstone Capital Advisors LLC grew its holdings in Eventbrite by 74.6% during 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. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms 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, March 3rd. B. Riley reiterated a “neutral” rating and set a $3.50 price target (down previously from $5.00) on shares of Eventbrite in a 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.40.

Eventbrite Trading Up 4.9 %

Shares of NYSE:EB opened at $2.27 on Monday. Eventbrite, Inc. has a 12-month low of $2.11 and a 12-month high of $6.02. The stock has a market cap of $214.33 million, a PE ratio of -25.17 and a beta of 2.24. The business has a 50 day moving average of $3.16 and a 200-day moving average of $3.22. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

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.