Eventbrite, Inc. (NYSE:EB) Short Interest Update

Eventbrite, Inc. (NYSE:EB) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 3,940,000 shares, an increase of 24.3% from the February 28th total of 3,170,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 5.2% of the shares of the company are sold short.

Analyst Ratings Changes

Several research analysts have weighed in on EB shares. B. Riley reissued a “neutral” rating and issued a $3.50 price target (down from $5.00) on shares of Eventbrite in a report on Friday, February 28th. BWS Financial reissued a “buy” rating and set a $7.00 price target on shares of Eventbrite in a report on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.40.

Eventbrite Price Performance

Shares of Eventbrite stock opened at $2.12 on Thursday. 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 market capitalization of $200.61 million, a price-to-earnings ratio of -23.56 and a beta of 2.04. Eventbrite has a twelve month low of $2.05 and a twelve month high of $5.98. The company has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $3.14.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EB. Quantbot Technologies LP acquired a new stake in Eventbrite during the third quarter worth approximately $25,000. Pallas Capital Advisors LLC bought a new stake in shares of Eventbrite during the 4th quarter valued at $37,000. Paloma Partners Management Co acquired a new stake in shares of Eventbrite during the 3rd quarter worth $44,000. RPO LLC bought a new position in shares of Eventbrite in the fourth quarter worth $55,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Eventbrite in the fourth quarter valued at about $66,000. 91.64% of the stock is owned by institutional investors.

Eventbrite Company Profile

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.