Eventbrite, Inc. (NYSE:EB) Receives $5.40 Consensus Target Price from Analysts

Eventbrite, Inc. (NYSE:EB) has received a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $5.40.

Several brokerages recently issued reports on EB. B. Riley restated a “neutral” rating and issued a $3.50 price target (down previously from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. BWS Financial reissued a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a report on Monday, March 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Whetstone Capital Advisors LLC grew its stake in shares of Eventbrite by 74.6% during the 3rd 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. Dynamic Technology Lab Private Ltd acquired a new position in Eventbrite during the third quarter worth about $756,000. FMR LLC increased its holdings in 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 buying an additional 57,011 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Eventbrite by 22.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock valued at $5,999,000 after acquiring an additional 405,318 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Eventbrite by 46.0% in the 3rd 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 period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Eventbrite Stock Down 0.7 %

Eventbrite stock opened at $2.25 on Tuesday. The company has a market capitalization of $212.44 million, a P/E ratio of -24.94 and a beta of 2.24. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. Eventbrite has a fifty-two week low of $2.11 and a fifty-two week high of $5.98. The stock has a 50-day simple moving average of $2.96 and a 200-day simple moving average of $3.16.

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.