Algert Global LLC Has $2.02 Million Holdings in Eventbrite, Inc. (NYSE:EB)

Algert Global LLC lifted its holdings in Eventbrite, Inc. (NYSE:EB - Free Report) by 28.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 739,768 shares of the company's stock after purchasing an additional 164,080 shares during the quarter. Algert Global LLC owned 0.77% of Eventbrite worth $2,020,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Rice Hall James & Associates LLC raised its stake in shares of Eventbrite by 5.2% during the 3rd quarter. Rice Hall James & Associates LLC now owns 2,174,978 shares of the company's stock worth $5,938,000 after purchasing an additional 108,300 shares in the last quarter. Acadian Asset Management LLC raised its position in Eventbrite by 125.9% during the second quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company's stock worth $9,573,000 after acquiring an additional 1,102,809 shares in the last quarter. Nantahala Capital Management LLC acquired a new stake in Eventbrite in the second quarter valued at $7,744,000. Jacobs Levy Equity Management Inc. lifted its stake in Eventbrite by 674.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 974,327 shares of the company's stock valued at $5,339,000 after acquiring an additional 848,461 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Eventbrite by 46.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company's stock valued at $1,300,000 after acquiring an additional 149,934 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Insider Buying and Selling

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.03, for a total value of $60,600.00. Following the transaction, the chief financial officer now owns 628,152 shares in the company, valued at $1,903,300.56. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 21.46% of the stock is currently owned by company insiders.

Eventbrite Price Performance

EB stock traded down $0.05 during mid-day trading on Thursday, hitting $3.68. The stock had a trading volume of 1,558,815 shares, compared to its average volume of 1,761,844. The firm has a fifty day simple moving average of $3.12 and a 200 day simple moving average of $3.92. The firm has a market capitalization of $356.52 million, a P/E ratio of -40.89 and a beta of 2.29. 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, Inc. has a 52 week low of $2.51 and a 52 week high of $9.20.

Wall Street Analyst Weigh In

EB has been the subject of several recent analyst reports. BWS Financial reiterated a "buy" rating and issued a $7.00 target price on shares of Eventbrite in a research note on Wednesday, November 13th. KeyCorp downgraded shares of Eventbrite from an "overweight" rating to a "sector weight" rating in a report on Friday, August 9th. Truist Financial lowered shares of Eventbrite from a "buy" rating to a "hold" rating in a research note on Friday, August 9th. B. Riley decreased their target price on Eventbrite from $10.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, Piper Sandler cut Eventbrite from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $9.00 to $4.00 in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently 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.