Dynamic Technology Lab Private Ltd cut its holdings in Eventbrite, Inc. (NYSE:EB - Free Report) by 68.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,414 shares of the company's stock after selling 188,522 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.09% of Eventbrite worth $297,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Pallas Capital Advisors LLC acquired a new position in shares of Eventbrite during the fourth quarter valued at approximately $37,000. RPO LLC purchased a new stake in shares of Eventbrite during the fourth quarter worth approximately $55,000. EntryPoint Capital LLC acquired a new position in Eventbrite in the 4th quarter valued at $67,000. WINTON GROUP Ltd acquired a new position in Eventbrite in the 4th quarter valued at $78,000. Finally, Intech Investment Management LLC lifted its holdings in Eventbrite by 26.6% in the 4th quarter. Intech Investment Management LLC now owns 32,601 shares of the company's stock valued at $110,000 after purchasing an additional 6,842 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
Eventbrite Trading Down 0.9 %
Shares of Eventbrite stock traded down $0.02 during trading hours on Tuesday, hitting $2.20. The company's stock had a trading volume of 429,019 shares, compared to its average volume of 1,521,687. The stock has a market cap of $208.18 million, a price-to-earnings ratio of -24.44 and a beta of 2.05. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. Eventbrite, Inc. has a twelve month low of $1.81 and a twelve month high of $5.92. The firm has a fifty day moving average of $2.57 and a 200-day moving average of $3.08.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on EB. B. Riley reiterated a "neutral" rating and issued a $3.50 target price (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. BWS Financial reaffirmed a "buy" rating and set a $7.00 price objective on shares of Eventbrite in a research note on Monday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Eventbrite has a consensus rating of "Hold" and an average target price of $5.40.
Check Out Our Latest Analysis on EB
Eventbrite Profile
(
Free Report)
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.
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