Eventbrite, Inc. (NYSE:EB) Given Average Recommendation of "Hold" by Brokerages

Shares of Eventbrite, Inc. (NYSE:EB - Get Free Report) have been given a consensus recommendation of "Hold" by the six brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $5.40.

A number of analysts recently weighed in on the stock. B. Riley reaffirmed a "neutral" rating and issued a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a report on Friday. BWS Financial reissued a "buy" rating and issued a $7.00 price objective on shares of Eventbrite in a research report on Monday.

Insider Activity at Eventbrite

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

Hedge Funds Weigh In On Eventbrite

Several hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Eventbrite in the 3rd quarter valued at about $25,000. Pallas Capital Advisors LLC purchased a new stake in Eventbrite in the fourth quarter valued at approximately $37,000. Paloma Partners Management Co acquired a new stake in shares of Eventbrite in the third quarter valued at approximately $44,000. RPO LLC purchased a new position in shares of Eventbrite during the fourth quarter worth approximately $55,000. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Eventbrite by 54.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company's stock valued at $64,000 after acquiring an additional 8,307 shares during the period. Hedge funds and other institutional investors own 91.64% of the company's stock.

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Eventbrite Stock Up 6.4 %

NYSE EB traded up $0.16 during trading hours on Friday, hitting $2.60. 1,880,918 shares of the company were exchanged, compared to its average volume of 1,639,234. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The firm has a market cap of $251.41 million, a price-to-earnings ratio of -28.83 and a beta of 2.24. The company has a 50 day moving average of $3.37 and a two-hundred day moving average of $3.27. Eventbrite has a 52-week low of $2.23 and a 52-week high of $6.02.

Eventbrite Company 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.