GSA Capital Partners LLP Acquires New Shares in Eventbrite, Inc. $EB

GSA Capital Partners LLP bought a new position in shares of Eventbrite, Inc. (NYSE:EB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 179,009 shares of the company’s stock, valued at approximately $451,000. GSA Capital Partners LLP owned about 0.19% of Eventbrite at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Eventbrite by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,664,770 shares of the company’s stock worth $11,755,000 after acquiring an additional 80,200 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Eventbrite by 0.6% in the 2nd quarter. Acadian Asset Management LLC now owns 3,013,966 shares of the company’s stock worth $7,922,000 after purchasing an additional 18,150 shares during the last quarter. AQR Capital Management LLC boosted its position in Eventbrite by 4.7% during the second quarter. AQR Capital Management LLC now owns 2,305,969 shares of the company’s stock worth $6,065,000 after purchasing an additional 103,352 shares during the period. Meteora Capital LLC grew its holdings in Eventbrite by 44.9% during the second quarter. Meteora Capital LLC now owns 979,500 shares of the company’s stock valued at $2,576,000 after purchasing an additional 303,700 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Eventbrite by 19.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 933,224 shares of the company’s stock valued at $2,454,000 after purchasing an additional 152,086 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Eventbrite Stock Performance

EB opened at $4.42 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $4.44 and its two-hundred day moving average price is $3.37. The firm has a market capitalization of $431.26 million, a P/E ratio of -36.79 and a beta of 1.39. Eventbrite, Inc. has a 12-month low of $1.80 and a 12-month high of $4.48.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Eventbrite in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.40.

About Eventbrite

Eventbrite is a global event management and ticketing platform that enables organizers to create, promote and sell tickets for live and virtual experiences. The company’s software-as-a-service platform offers tools for event registration, ticketing, seating allocation and on­-site check­-in, allowing users to handle everything from small community gatherings to large-scale festivals through a single interface.

Beyond basic ticket sales, Eventbrite provides integrated marketing and analytics solutions designed to help hosts grow attendance and engage audiences.