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

Eventbrite, Inc. (NYSE:EB - Get Free Report) has earned an average rating of "Hold" from the six brokerages that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $6.58.

EB has been the subject of several research analyst reports. Truist Financial lowered Eventbrite from a "buy" rating to a "hold" rating in a report on Friday, August 9th. KeyCorp lowered Eventbrite from an "overweight" rating to a "sector weight" rating in a report on Friday, August 9th. Piper Sandler lowered Eventbrite from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $9.00 to $4.00 in a report on Friday, August 9th. BWS Financial reissued a "buy" rating and issued a $7.00 price objective on shares of Eventbrite in a report on Wednesday, November 13th. Finally, B. Riley lowered their price objective on Eventbrite from $10.00 to $5.00 and set a "buy" rating for the company in a report on Friday, August 9th.

Insider Buying and Selling at Eventbrite

In other news, CFO Charles Baker sold 20,000 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the completion of the transaction, the chief financial officer now directly owns 628,152 shares in the company, valued at approximately $1,903,300.56. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 21.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Eventbrite

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in Eventbrite in the third quarter worth approximately $25,000. Paloma Partners Management Co purchased a new position in shares of Eventbrite during the 3rd quarter valued at $44,000. Public Employees Retirement System of Ohio bought a new stake in Eventbrite in the first quarter worth $102,000. Harbor Capital Advisors Inc. boosted its holdings 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 purchasing an additional 8,307 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Eventbrite during the second quarter valued at about $124,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Eventbrite Stock Up 1.7 %

Shares of NYSE EB traded up $0.06 during midday trading on Friday, reaching $3.67. 1,459,273 shares of the company's stock were exchanged, compared to its average volume of 1,756,359. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $355.55 million, a PE ratio of -40.11 and a beta of 2.27. Eventbrite has a 52-week low of $2.51 and a 52-week high of $9.20. The business's fifty day moving average price is $3.22 and its two-hundred day moving average price is $3.86.

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.