Analysts Set Eventbrite, Inc. (NYSE:EB) Price Target at $6.58

Eventbrite, Inc. (NYSE:EB) has been given an average rating of “Hold” by the six research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.58.

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

Insider Transactions at Eventbrite

In related news, COO Charles Baker sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $3.55, for a total value of $71,000.00. Following the transaction, the chief operating officer now directly owns 617,487 shares of the company’s stock, valued at approximately $2,192,078.85. This trade represents a 3.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 21.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Eventbrite

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EB. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Eventbrite by 24.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock worth $140,000 after buying an additional 5,664 shares during the period. Rhumbline Advisers boosted its holdings in Eventbrite by 3.5% during the second quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock valued at $544,000 after acquiring an additional 3,829 shares during the period. Acadian Asset Management LLC grew its position in shares of Eventbrite by 125.9% in the second quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock valued at $9,573,000 after purchasing an additional 1,102,809 shares during the last quarter. XTX Topco Ltd increased its stake in shares of Eventbrite by 350.8% in the second quarter. XTX Topco Ltd now owns 97,125 shares of the company’s stock worth $470,000 after purchasing an additional 75,582 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Eventbrite by 122.2% during the 2nd quarter. Sei Investments Co. now owns 256,031 shares of the company’s stock worth $1,239,000 after purchasing an additional 140,794 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Eventbrite Stock Down 2.7 %

EB stock opened at $3.57 on Tuesday. The company has a 50 day moving average of $3.54 and a two-hundred day moving average of $3.62. The company has a market cap of $345.87 million, a price-to-earnings ratio of -39.67 and a beta of 2.26. Eventbrite has a 12-month low of $2.51 and a 12-month high of $9.20. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

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.