Eventbrite (NYSE:EB) Receives “Buy” Rating from BWS Financial

BWS Financial reiterated their buy rating on shares of Eventbrite (NYSE:EB) in a report released on Wednesday morning,Benzinga reports. They currently have a $7.00 price objective on the stock.

Other analysts have also recently issued reports about the company. Truist Financial cut Eventbrite from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Piper Sandler lowered shares of Eventbrite from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $9.00 to $4.00 in a report on Friday, August 9th. B. Riley lowered their target price on shares of Eventbrite from $10.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, KeyCorp downgraded shares of Eventbrite from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.58.

Eventbrite Stock Down 6.8 %

EB stock opened at $3.51 on Wednesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. Eventbrite has a one year low of $2.51 and a one year high of $9.20. The firm’s fifty day moving average is $3.02 and its 200 day moving average is $4.04. The firm has a market cap of $336.83 million, a PE ratio of -38.94 and a beta of 2.29.

Insider Transactions at Eventbrite

In other Eventbrite news, CTO Vivek Sagi sold 75,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $3.44, for a total transaction of $258,000.00. Following the completion of the sale, the chief technology officer now directly owns 495,464 shares in the company, valued at $1,704,396.16. This represents a 13.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Charles Baker sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the sale, the chief financial officer now directly owns 628,152 shares of the company’s stock, valued at approximately $1,903,300.56. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.46% of the company’s stock.

Hedge Funds Weigh In On Eventbrite

A number of hedge funds have recently made changes to their positions in EB. Jacobs Levy Equity Management Inc. grew its holdings in Eventbrite by 22.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock worth $5,999,000 after acquiring an additional 405,318 shares in the last quarter. Rice Hall James & Associates LLC boosted its stake in Eventbrite by 5.2% during the third quarter. Rice Hall James & Associates LLC now owns 2,174,978 shares of the company’s stock valued at $5,938,000 after buying an additional 108,300 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Eventbrite by 125.9% during the second quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock worth $9,573,000 after buying an additional 1,102,809 shares in the last quarter. State Street Corp increased its stake in Eventbrite by 1.9% in the 3rd quarter. State Street Corp now owns 1,758,915 shares of the company’s stock worth $4,802,000 after purchasing an additional 32,210 shares in the last quarter. Finally, Nantahala Capital Management LLC acquired a new position in Eventbrite in the 2nd quarter worth approximately $7,744,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.