19,721 Shares in Eventbrite, Inc. (NYSE:EB) Bought by Olympiad Research LP

Olympiad Research LP bought a new stake in Eventbrite, Inc. (NYSE:EBFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,721 shares of the company’s stock, valued at approximately $165,000.

Other hedge funds also recently added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new stake in Eventbrite in the third quarter valued at $1,744,000. Wellington Management Group LLP raised its stake in shares of Eventbrite by 43.1% during the third quarter. Wellington Management Group LLP now owns 3,705,212 shares of the company’s stock valued at $36,533,000 after purchasing an additional 1,116,749 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Eventbrite by 54.5% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 3,567,300 shares of the company’s stock valued at $29,823,000 after purchasing an additional 1,259,000 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Eventbrite by 94.5% during the third quarter. Acadian Asset Management LLC now owns 109,979 shares of the company’s stock valued at $1,083,000 after purchasing an additional 53,425 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Eventbrite by 33.4% during the third quarter. Invesco Ltd. now owns 3,600,139 shares of the company’s stock valued at $35,497,000 after purchasing an additional 900,925 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $5.52, for a total transaction of $110,400.00. Following the completion of the sale, the chief financial officer now directly owns 357,839 shares in the company, valued at approximately $1,975,271.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 21.46% of the stock is owned by corporate insiders.

Eventbrite Trading Up 0.7 %

Shares of EB opened at $4.95 on Friday. Eventbrite, Inc. has a 1-year low of $4.83 and a 1-year high of $11.90. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.86 and a quick ratio of 1.86. The business’s 50-day moving average price is $5.37 and its 200 day moving average price is $6.78.

Eventbrite (NYSE:EBGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $86.25 million during the quarter, compared to analyst estimates of $85.26 million. Eventbrite had a negative return on equity of 10.00% and a negative net margin of 5.47%. On average, analysts expect that Eventbrite, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EB shares. Morgan Stanley cut their price objective on shares of Eventbrite from $9.00 to $6.50 and set an “equal weight” rating on the stock in a research note on Tuesday, May 21st. BWS Financial restated a “buy” rating and set a $12.00 price objective on shares of Eventbrite in a research note on Friday, May 3rd. Piper Sandler lowered their target price on Eventbrite from $13.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. Truist Financial lowered their target price on Eventbrite from $17.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Finally, KeyCorp lowered their target price on Eventbrite from $13.00 to $6.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.93.

Check Out Our Latest Stock Report on Eventbrite

About Eventbrite

(Free Report)

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.

Read More

Want to see what other hedge funds are holding EB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eventbrite, Inc. (NYSE:EBFree Report).

Institutional Ownership by Quarter for Eventbrite (NYSE:EB)

Receive News & Ratings for Eventbrite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eventbrite and related companies with MarketBeat.com's FREE daily email newsletter.