Eventbrite, Inc. (NYSE:EB) Given Consensus Rating of "Hold" by Analysts

Shares of Eventbrite, Inc. (NYSE:EB - Get Free Report) have received an average recommendation of "Hold" from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $6.58.

Separately, BWS Financial reissued a "buy" rating and issued a $7.00 target price on shares of Eventbrite in a research report on Wednesday, November 13th.

Eventbrite Stock Performance

EB stock remained flat at $3.36 on Tuesday. 887,831 shares of the company traded hands, compared to its average volume of 1,721,980. The company has a market capitalization of $325.52 million, a PE ratio of -37.33 and a beta of 2.27. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. The company has a 50-day moving average of $3.49 and a 200-day moving average of $3.67. Eventbrite has a 52 week low of $2.51 and a 52 week high of $9.20.

Insider Activity at Eventbrite

In other Eventbrite news, COO Charles Baker sold 20,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $3.55, for a total value of $71,000.00. Following the sale, the chief operating officer now owns 617,487 shares in the company, valued at $2,192,078.85. The trade was a 3.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 21.46% of the stock is owned by corporate insiders.

Institutional Trading of Eventbrite

A number of large investors have recently added to or reduced their stakes in the company. 272 Capital LP purchased a new stake in shares of Eventbrite during the 3rd quarter valued at about $255,000. Barclays PLC raised its position in Eventbrite by 151.8% during the third quarter. Barclays PLC now owns 169,642 shares of the company's stock valued at $462,000 after purchasing an additional 102,283 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of 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 purchasing an additional 21,525 shares during the period. State Street Corp increased its position in shares of Eventbrite by 1.9% during the 3rd 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 during the last quarter. Finally, Quadrature Capital Ltd raised its holdings in Eventbrite by 42.2% during the 3rd quarter. Quadrature Capital Ltd now owns 74,798 shares of the company's stock valued at $205,000 after buying an additional 22,192 shares during the period. Institutional investors own 91.64% of the company's stock.

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.