Eventbrite, Inc. (NYSE:EB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Eventbrite, Inc. (NYSE:EB) have received an average rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $5.40.

Several research analysts have recently issued reports on EB shares. BWS Financial reaffirmed a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a research report on Monday, March 3rd. B. Riley reaffirmed 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.

Eventbrite Stock Performance

Shares of EB stock opened at $2.35 on Tuesday. The company has a market cap of $221.91 million, a P/E ratio of -26.06 and a beta of 2.24. The firm has a fifty day moving average price of $3.03 and a 200 day moving average price of $3.18. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite has a 12 month low of $2.11 and a 12 month high of $5.98.

Institutional Trading of Eventbrite

Several institutional investors and hedge funds have recently bought and sold shares of the business. Nantahala Capital Management LLC raised its stake in Eventbrite by 76.5% during the 4th quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock valued at $19,928,000 after acquiring an additional 2,569,747 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Eventbrite during the fourth quarter worth approximately $7,962,000. Two Sigma Investments LP lifted its holdings in shares of Eventbrite by 151.7% during the fourth quarter. Two Sigma Investments LP now owns 1,228,930 shares of the company’s stock worth $4,129,000 after purchasing an additional 740,717 shares during the period. Whetstone Capital Advisors LLC grew its position 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 buying an additional 612,173 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Eventbrite by 58.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,312,100 shares of the company’s stock valued at $4,409,000 after buying an additional 484,800 shares during the period. 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.