Sei Investments Co. Sells 9,855 Shares of Eventbrite, Inc. (NYSE:EB)

Sei Investments Co. trimmed its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 87,894 shares of the company’s stock after selling 9,855 shares during the quarter. Sei Investments Co.’s holdings in Eventbrite were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pallas Capital Advisors LLC purchased a new position in shares of Eventbrite during the 4th quarter valued at about $37,000. Intech Investment Management LLC raised its stake in Eventbrite by 26.6% during the 4th quarter. Intech Investment Management LLC now owns 32,601 shares of the company’s stock worth $110,000 after acquiring an additional 6,842 shares during the period. Ieq Capital LLC purchased a new position in Eventbrite during the fourth quarter valued at approximately $111,000. Savant Capital LLC boosted its position in shares of Eventbrite by 76.6% in the fourth quarter. Savant Capital LLC now owns 37,590 shares of the company’s stock worth $126,000 after purchasing an additional 16,310 shares during the period. Finally, US Bancorp DE increased its stake in shares of Eventbrite by 53.9% in the fourth quarter. US Bancorp DE now owns 40,011 shares of the company’s stock worth $134,000 after purchasing an additional 14,007 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Eventbrite Stock Performance

EB opened at $2.03 on Friday. The stock has a market capitalization of $191.62 million, a price-to-earnings ratio of -22.50 and a beta of 2.05. Eventbrite, Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.92. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The company has a fifty day moving average of $2.62 and a 200 day moving average of $3.08.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BWS Financial restated a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research note on Monday, March 3rd. B. Riley restated a “neutral” rating and issued a $3.50 price objective (down 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.40.

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.