Mercer Global Advisors Inc. ADV Makes New $66,000 Investment in Eventbrite, Inc. (NYSE:EB)

Mercer Global Advisors Inc. ADV bought a new position in shares of Eventbrite, Inc. (NYSE:EB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,669 shares of the company’s stock, valued at approximately $66,000.

Several other institutional investors have also recently made changes to their positions in the stock. Nantahala Capital Management LLC lifted its position in shares of Eventbrite by 76.5% during the fourth quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock worth $19,928,000 after acquiring an additional 2,569,747 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Eventbrite during the fourth quarter worth $7,962,000. Geode Capital Management LLC lifted its position in shares of Eventbrite by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,778,279 shares of the company’s stock worth $5,977,000 after acquiring an additional 11,135 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Eventbrite by 48.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 708,386 shares of the company’s stock worth $2,380,000 after acquiring an additional 232,353 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 18,675 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on EB shares. BWS Financial restated a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Monday, April 14th. B. Riley reaffirmed a “neutral” rating and issued a $3.50 price target (down previously from $5.00) on shares of Eventbrite in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.25.

Eventbrite Trading Up 0.9%

Eventbrite stock opened at $2.34 on Friday. The stock has a market cap of $221.43 million, a P/E ratio of -26.00 and a beta of 2.02. Eventbrite, Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.92. The firm’s fifty day moving average price is $2.18 and its 200-day moving average price is $2.97. 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 (NYSE:EB) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.01. The firm had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $72.88 million. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. Equities research analysts forecast that Eventbrite, Inc. will post -0.12 earnings per share for the current fiscal 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.