Pallas Capital Advisors LLC Invests $37,000 in Eventbrite, Inc. (NYSE:EB)

Pallas Capital Advisors LLC purchased a new stake in shares of Eventbrite, Inc. (NYSE:EB) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,125 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds have also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its stake 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 acquiring an additional 405,318 shares in the last quarter. Rice Hall James & Associates LLC grew its position in Eventbrite by 5.2% during the third quarter. Rice Hall James & Associates LLC now owns 2,174,978 shares of the company’s stock valued at $5,938,000 after purchasing an additional 108,300 shares in the last quarter. State Street Corp grew its position in Eventbrite by 1.9% during the third quarter. State Street Corp now owns 1,758,915 shares of the company’s stock valued at $4,802,000 after purchasing an additional 32,210 shares in the last quarter. Nantahala Capital Management LLC acquired a new position in Eventbrite in the 2nd quarter valued at approximately $7,744,000. Finally, Whetstone Capital Advisors LLC lifted 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 worth $3,911,000 after buying an additional 612,173 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 in the company, valued at $2,192,078.85. The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.46% of the stock is owned by insiders.

Analyst Ratings Changes

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

Eventbrite Stock Up 1.8 %

Shares of EB stock opened at $3.44 on Thursday. The stock’s 50 day simple moving average is $3.56 and its 200 day simple moving average is $3.56. Eventbrite, Inc. 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 quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $333.27 million, a price-to-earnings ratio of -38.22 and a beta of 2.26.

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.