Public Employees Retirement System of Ohio Purchases 21,525 Shares of Eventbrite, Inc. (NYSE:EB)

Public Employees Retirement System of Ohio increased its position in Eventbrite, Inc. (NYSE:EB) by 61.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,712 shares of the company’s stock after purchasing an additional 21,525 shares during the period. Public Employees Retirement System of Ohio’s holdings in Eventbrite were worth $155,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Eventbrite in the second quarter valued at $124,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Eventbrite by 24.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock valued at $140,000 after purchasing an additional 5,664 shares during the last quarter. Rhumbline Advisers boosted its stake in Eventbrite by 3.5% during the 2nd quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock valued at $544,000 after purchasing an additional 3,829 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Eventbrite by 125.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock worth $9,573,000 after purchasing an additional 1,102,809 shares in the last quarter. Finally, XTX Topco Ltd raised its stake in shares of Eventbrite by 350.8% in the second quarter. XTX Topco Ltd now owns 97,125 shares of the company’s stock worth $470,000 after purchasing an additional 75,582 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insiders Place Their Bets

In other news, COO Charles Baker sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the completion of the sale, the chief operating officer now owns 617,487 shares in the company, valued at $2,192,078.85. This trade represents a 3.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 21.46% of the company’s stock.

Eventbrite Stock Performance

EB stock opened at $3.33 on Friday. 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 firm has a market cap of $322.61 million, a PE ratio of -37.00 and a beta of 2.27. The business has a 50 day moving average of $3.42 and a 200-day moving average of $3.76. Eventbrite, Inc. has a 12-month low of $2.51 and a 12-month high of $9.20.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.58.

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.