Eventbrite, Inc. (NYSE:EB) Receives $6.58 Average Target Price from Brokerages

Shares of Eventbrite, Inc. (NYSE:EB) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.58.

Separately, BWS Financial reiterated a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a report on Wednesday, November 13th.

Eventbrite Price Performance

EB opened at $3.82 on Friday. Eventbrite has a 52-week low of $2.51 and a 52-week high of $9.20. The company has a 50 day moving average of $3.29 and a two-hundred day moving average of $3.82. The company has a market cap of $370.08 million, a P/E ratio of -42.44 and a beta of 2.27. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

Insiders Place Their Bets

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the sale, the chief financial officer now directly owns 628,152 shares in the company, valued at $1,903,300.56. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 21.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Eventbrite

Several institutional investors and hedge funds have recently made changes to their positions in EB. Quantbot Technologies LP bought a new stake in shares of Eventbrite in the third quarter worth $25,000. Paloma Partners Management Co bought a new stake in shares of Eventbrite in the 3rd quarter worth about $44,000. Harbor Capital Advisors Inc. increased its position in shares of Eventbrite by 54.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock worth $64,000 after purchasing an additional 8,307 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Eventbrite in the 3rd quarter valued at about $70,000. Finally, US Bancorp DE lifted its position in shares of Eventbrite by 327.3% during the third quarter. US Bancorp DE now owns 26,004 shares of the company’s stock worth $71,000 after purchasing an additional 19,919 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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.