Barclays PLC Buys 102,283 Shares of Eventbrite, Inc. (NYSE:EB)

Barclays PLC boosted its stake in shares of Eventbrite, Inc. (NYSE:EB) by 151.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,642 shares of the company’s stock after acquiring an additional 102,283 shares during the quarter. Barclays PLC’s holdings in Eventbrite were worth $462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of EB. Public Employees Retirement System of Ohio grew its holdings in Eventbrite by 61.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 56,712 shares of the company’s stock worth $155,000 after acquiring an additional 21,525 shares during the last quarter. State Street Corp grew its stake in shares of Eventbrite by 1.9% in the third quarter. State Street Corp now owns 1,758,915 shares of the company’s stock worth $4,802,000 after purchasing an additional 32,210 shares during the last quarter. Quadrature Capital Ltd grew its stake in shares of Eventbrite by 42.2% in the third quarter. Quadrature Capital Ltd now owns 74,798 shares of the company’s stock worth $205,000 after purchasing an additional 22,192 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Eventbrite during the 3rd quarter valued at about $85,000. Finally, Jacobs Levy Equity Management Inc. raised 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 valued at $5,999,000 after purchasing an additional 405,318 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Eventbrite Stock Performance

Shares of EB opened at $3.59 on Friday. The company has a 50-day simple moving average of $3.52 and a two-hundred day simple moving average of $3.65. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $347.80 million, a PE ratio of -39.89 and a beta of 2.27. Eventbrite, Inc. has a one year low of $2.51 and a one year high of $9.20.

Analyst Upgrades and Downgrades

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

Insider Transactions at Eventbrite

In other Eventbrite 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 transaction, the chief operating officer now owns 617,487 shares of the company’s stock, valued at approximately $2,192,078.85. This trade represents a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.46% 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.