Eventbrite, Inc. (NYSE:EB) Short Interest Down 14.2% in January

Eventbrite, Inc. (NYSE:EB) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 3,330,000 shares, a decrease of 14.2% from the January 15th total of 3,880,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is presently 2.6 days.

Insider Transactions at Eventbrite

In other news, COO Charles Baker sold 20,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the completion of the transaction, the chief operating officer now directly owns 617,487 shares in the company, valued at approximately $2,192,078.85. This represents a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 21.46% of the company’s stock.

Institutional Trading of Eventbrite

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in shares of Eventbrite by 192.4% during the 3rd quarter. SG Americas Securities LLC now owns 75,130 shares of the company’s stock worth $205,000 after purchasing an additional 49,434 shares in the last quarter. US Bancorp DE boosted its position in shares of Eventbrite by 327.3% during the 3rd quarter. US Bancorp DE now owns 26,004 shares of the company’s stock worth $71,000 after purchasing an additional 19,919 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in shares of Eventbrite by 5.2% during the 3rd quarter. Rice Hall James & Associates LLC now owns 2,174,978 shares of the company’s stock worth $5,938,000 after purchasing an additional 108,300 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Eventbrite by 54.8% during 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 in the last quarter. Finally, Covestor Ltd boosted its position in shares of Eventbrite by 68.3% during the 3rd quarter. Covestor Ltd now owns 33,220 shares of the company’s stock worth $91,000 after purchasing an additional 13,483 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Eventbrite Stock Performance

NYSE EB opened at $3.35 on Tuesday. 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 stock has a fifty day simple moving average of $3.46 and a 200 day simple moving average of $3.30. Eventbrite has a twelve month low of $2.51 and a twelve month high of $9.20. The company has a market capitalization of $324.06 million, a price-to-earnings ratio of -37.17 and a beta of 2.26.

Analyst Ratings Changes

Separately, BWS Financial restated a “buy” rating and issued a $7.00 price objective on shares of Eventbrite in a report 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.58.

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.