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

Eventbrite, Inc. (NYSE:EB) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.58.

Separately, BWS Financial reissued a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a report on Wednesday, November 13th.

Insider Activity at Eventbrite

In other news, COO Charles Baker sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $3.55, for a total transaction of $71,000.00. Following the completion of the transaction, the chief operating officer now directly owns 617,487 shares of the company’s stock, valued at approximately $2,192,078.85. This represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 21.46% of the company’s stock.

Institutional Trading of Eventbrite

Several hedge funds have recently made changes to their positions in EB. Quantbot Technologies LP bought a new position in Eventbrite in the 3rd quarter worth about $25,000. Paloma Partners Management Co acquired a new position in shares of Eventbrite during the third quarter worth approximately $44,000. Harbor Capital Advisors Inc. grew its holdings in Eventbrite by 54.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock worth $64,000 after buying an additional 8,307 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Eventbrite in the 3rd quarter valued at approximately $70,000. Finally, US Bancorp DE raised its stake in Eventbrite by 327.3% during the 3rd quarter. US Bancorp DE now owns 26,004 shares of the company’s stock valued at $71,000 after acquiring an additional 19,919 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Performance

Shares of Eventbrite stock opened at $3.36 on Tuesday. 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 capitalization of $325.52 million, a P/E ratio of -37.33 and a beta of 2.27. The firm’s 50 day moving average is $3.48 and its two-hundred day moving average is $3.68. Eventbrite has a 52 week low of $2.51 and a 52 week high of $9.20.

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.