Shares of Eventbrite, Inc. (NYSE:EB – Get Free Report) have earned an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $6.58.
Separately, BWS Financial reiterated a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Wednesday, November 13th.
Read Our Latest Stock Analysis on Eventbrite
Eventbrite Price Performance
Institutional Trading of Eventbrite
Several institutional investors have recently made changes to their positions in EB. Quantbot Technologies LP purchased a new stake in shares of Eventbrite during the third quarter worth $25,000. Paloma Partners Management Co purchased a new position in shares of Eventbrite during the third quarter worth approximately $44,000. Harbor Capital Advisors Inc. raised its position in Eventbrite by 54.8% in 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 during the period. Intech Investment Management LLC purchased a new position in shares of Eventbrite in the third quarter worth about $70,000. Finally, US Bancorp DE boosted its stake in shares of Eventbrite by 327.3% during the third quarter. US Bancorp DE now owns 26,004 shares of the company’s stock valued at $71,000 after purchasing an additional 19,919 shares during the period. Institutional investors own 91.64% of the company’s stock.
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.
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