Dynamic Technology Lab Private Ltd Takes Position in Eventbrite, Inc. (NYSE:EB)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Eventbrite, Inc. (NYSE:EB - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 276,936 shares of the company's stock, valued at approximately $756,000. Dynamic Technology Lab Private Ltd owned 0.29% of Eventbrite at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EB. Quadrature Capital Ltd bought a new stake in Eventbrite during the 1st quarter valued at $64,000. Public Employees Retirement System of Ohio bought a new stake in shares of Eventbrite in the first quarter valued at about $102,000. Harbor Capital Advisors Inc. lifted its stake in Eventbrite by 54.8% in the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company's stock worth $64,000 after acquiring an additional 8,307 shares during the period. SG Americas Securities LLC bought a new position in Eventbrite during the 2nd quarter worth about $124,000. Finally, Intech Investment Management LLC purchased a new position in Eventbrite during the 3rd quarter valued at about $70,000. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EB. Piper Sandler downgraded shares of Eventbrite from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $9.00 to $4.00 in a research note on Friday, August 9th. B. Riley cut their price target on Eventbrite from $10.00 to $5.00 and set a "buy" rating on the stock in a report on Friday, August 9th. KeyCorp lowered Eventbrite from an "overweight" rating to a "sector weight" rating in a research report on Friday, August 9th. BWS Financial reaffirmed a "buy" rating and set a $7.00 price objective on shares of Eventbrite in a research report on Wednesday, November 13th. Finally, Truist Financial downgraded shares of Eventbrite from a "buy" rating to a "hold" rating in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Eventbrite presently has an average rating of "Hold" and an average price target of $6.58.

Insider Buying and Selling

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the sale, the chief financial officer now owns 628,152 shares in the company, valued at approximately $1,903,300.56. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.46% of the stock is owned by company insiders.

Eventbrite Stock Down 3.7 %

Eventbrite stock traded down $0.14 during midday trading on Friday, reaching $3.55. The company's stock had a trading volume of 861,433 shares, compared to its average volume of 1,757,946. 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 stock has a market capitalization of $343.44 million, a P/E ratio of -40.89 and a beta of 2.29. The stock's 50-day simple moving average is $3.13 and its 200-day simple moving average is $3.92. Eventbrite, Inc. has a 52-week low of $2.51 and a 52-week high of $9.20.

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.