Eventbrite, Inc. (NYSE:EB) Receives Average Rating of “Hold” from Analysts

Shares of Eventbrite, Inc. (NYSE:EB) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $5.40.

EB has been the topic of several research analyst reports. BWS Financial restated a “buy” rating and issued a $7.00 price objective on shares of Eventbrite in a report on Monday, March 3rd. B. Riley reissued a “neutral” rating and issued a $3.50 price target (down from $5.00) on shares of Eventbrite in a research note on Friday, February 28th.

Hedge Funds Weigh In On Eventbrite

Several institutional investors have recently bought and sold shares of EB. Price T Rowe Associates Inc. MD increased its position in shares of Eventbrite by 9.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company’s stock worth $209,000 after acquiring an additional 5,114 shares during the period. Bank of New York Mellon Corp increased its holdings in Eventbrite by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 227,548 shares of the company’s stock worth $765,000 after purchasing an additional 5,359 shares during the period. Intech Investment Management LLC raised its position in Eventbrite by 26.6% in the 4th quarter. Intech Investment Management LLC now owns 32,601 shares of the company’s stock valued at $110,000 after purchasing an additional 6,842 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Eventbrite by 47.2% in the 4th quarter. ProShare Advisors LLC now owns 22,392 shares of the company’s stock valued at $75,000 after buying an additional 7,182 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in shares of Eventbrite by 12.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 64,012 shares of the company’s stock worth $215,000 after buying an additional 7,300 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Eventbrite Price Performance

EB stock opened at $2.35 on Tuesday. Eventbrite has a 52-week low of $2.11 and a 52-week high of $5.98. The business has a fifty day moving average of $3.03 and a two-hundred day moving average of $3.18. The stock has a market cap of $221.91 million, a price-to-earnings ratio of -26.06 and a beta of 2.24. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

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.