272 Capital LP Makes New $255,000 Investment in Eventbrite, Inc. (NYSE:EB)

272 Capital LP purchased a new position in shares of Eventbrite, Inc. (NYSE:EB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 93,228 shares of the company’s stock, valued at approximately $255,000.

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

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Eventbrite has a consensus rating of “Hold” and an average target price of $6.58.

Eventbrite Stock Down 4.5 %

Eventbrite stock opened at $3.63 on Friday. Eventbrite, Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $9.20. 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 firm’s 50-day simple moving average is $3.33 and its 200 day simple moving average is $3.82.

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.