Edmond DE Rothschild Holding S.A. Decreases Stake in Eventbrite, Inc. (NYSE:EB)

Edmond DE Rothschild Holding S.A. cut its position in Eventbrite, Inc. (NYSE:EB - Free Report) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,733,879 shares of the company's stock after selling 350,000 shares during the period. Edmond DE Rothschild Holding S.A. owned approximately 6.95% of Eventbrite worth $22,626,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of EB. Quantbot Technologies LP purchased a new position in shares of Eventbrite during the 3rd quarter valued at about $25,000. Pallas Capital Advisors LLC acquired a new position in Eventbrite in the fourth quarter valued at approximately $37,000. Paloma Partners Management Co purchased a new stake in Eventbrite in the 3rd quarter worth approximately $44,000. EntryPoint Capital LLC purchased a new position in shares of Eventbrite during the 4th quarter valued at approximately $67,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Eventbrite in the 4th quarter valued at $78,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Eventbrite Price Performance

Shares of EB traded down $0.08 during mid-day trading on Friday, hitting $1.95. 638,046 shares of the company were exchanged, compared to its average volume of 978,250. The stock has a market cap of $184.05 million, a price-to-earnings ratio of -21.61 and a beta of 2.04. Eventbrite, Inc. has a 1-year low of $1.92 and a 1-year high of $5.97. The company has a 50 day moving average of $2.82 and a 200-day moving average of $3.13. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56.

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Analysts Set New Price Targets

Several analysts recently commented on the stock. BWS Financial restated a "buy" rating and set a $7.00 price target on shares of Eventbrite in a research report on Monday, March 3rd. B. Riley reaffirmed a "neutral" rating and issued a $3.50 price target (down previously from $5.00) on shares of Eventbrite in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.40.

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.