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

Eventbrite, Inc. (NYSE:EB) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,390,000 shares, a drop of 21.5% from the December 31st total of 4,320,000 shares. Based on an average daily volume of 1,420,000 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “buy” rating and issued a $7.00 price objective on shares of Eventbrite in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.58.

Eventbrite Stock Down 3.9 %

Shares of NYSE EB traded down $0.14 during midday trading on Thursday, hitting $3.35. 339,257 shares of the company’s stock were exchanged, compared to its average volume of 791,507. The firm’s fifty day simple moving average is $3.55 and its 200-day simple moving average is $3.48. The company has a market cap of $324.06 million, a PE ratio of -37.28 and a beta of 2.26. Eventbrite has a twelve month low of $2.51 and a twelve month high of $9.20. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56.

Eventbrite (NYSE:EB) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. The company had revenue of $77.80 million for the quarter, compared to analysts’ expectations of $75.75 million. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. During the same quarter last year, the company earned ($0.10) earnings per share. Research analysts predict that Eventbrite will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Eventbrite news, COO Charles Baker sold 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $3.55, for a total value of $71,000.00. Following the completion of the transaction, the chief operating officer now owns 617,487 shares in the company, valued at $2,192,078.85. The trade was a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 21.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Eventbrite

Large investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its stake in Eventbrite by 122.2% during the 2nd quarter. Sei Investments Co. now owns 256,031 shares of the company’s stock worth $1,239,000 after purchasing an additional 140,794 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Eventbrite by 135.9% during the second quarter. Cubist Systematic Strategies LLC now owns 316,669 shares of the company’s stock worth $1,533,000 after purchasing an additional 182,452 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Eventbrite in the second quarter valued at about $273,000. Algert Global LLC boosted its holdings in Eventbrite by 54.4% in the 2nd quarter. Algert Global LLC now owns 575,688 shares of the company’s stock valued at $2,786,000 after purchasing an additional 202,763 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in Eventbrite by 57.7% in the second quarter. Point72 Asset Management L.P. now owns 48,586 shares of the company’s stock worth $235,000 after acquiring an additional 17,786 shares in the last quarter. Institutional investors and hedge funds 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.