Brokerages Set Eventbrite, Inc. (NYSE:EB) Price Target at $5.40

Eventbrite, Inc. (NYSE:EB) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $5.40.

EB has been the subject of several research analyst reports. B. Riley reiterated a “neutral” rating and set a $3.50 target price (down from $5.00) on shares of Eventbrite in a research note on Friday, February 28th. BWS Financial reaffirmed a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a research report on Monday, April 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EB. Pallas Capital Advisors LLC raised its stake in shares of Eventbrite by 52.2% in the 1st quarter. Pallas Capital Advisors LLC now owns 16,928 shares of the company’s stock valued at $36,000 after buying an additional 5,803 shares in the last quarter. CHICAGO TRUST Co NA bought a new stake in Eventbrite in the first quarter valued at about $44,000. RPO LLC acquired a new position in Eventbrite in the fourth quarter worth about $55,000. Mercer Global Advisors Inc. ADV bought a new position in Eventbrite during the fourth quarter worth about $66,000. Finally, EntryPoint Capital LLC acquired a new stake in Eventbrite during the fourth quarter valued at approximately $67,000. 91.64% of the stock is owned by institutional investors.

Eventbrite Price Performance

Shares of NYSE:EB opened at $2.18 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The business has a 50 day moving average price of $2.45 and a 200 day moving average price of $3.06. The company has a market cap of $206.29 million, a price-to-earnings ratio of -24.22 and a beta of 2.05. Eventbrite has a twelve month low of $1.81 and a twelve month high of $5.92.

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.