Eventbrite, Inc. (NYSE:EB) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its position in Eventbrite, Inc. (NYSE:EB) by 48.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 708,386 shares of the company’s stock after purchasing an additional 232,353 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Eventbrite were worth $2,380,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EB. Whetstone Capital Advisors LLC increased its holdings in Eventbrite by 74.6% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock valued at $3,911,000 after purchasing an additional 612,173 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Eventbrite in the third quarter valued at about $756,000. FMR LLC raised its holdings in shares of Eventbrite by 59.5% during the 3rd quarter. FMR LLC now owns 152,889 shares of the company’s stock valued at $417,000 after buying an additional 57,011 shares during the period. Jacobs Levy Equity Management Inc. lifted its position 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. Finally, Barclays PLC lifted its position in Eventbrite by 151.8% during the 3rd quarter. Barclays PLC now owns 169,642 shares of the company’s stock worth $462,000 after acquiring an additional 102,283 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

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

Eventbrite Stock Performance

Shares of EB opened at $2.25 on Wednesday. The firm has a market cap of $212.44 million, a price-to-earnings ratio of -24.94 and a beta of 2.24. 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 business’s 50 day moving average is $3.11 and its two-hundred day moving average is $3.20. Eventbrite, Inc. has a 52-week low of $2.11 and a 52-week high of $6.02.

Eventbrite 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.