Shares of Eventbrite, Inc. (NYSE:EB - Get Free Report) have earned a consensus recommendation of "Hold" from the six ratings firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $5.40.
A number of analysts recently weighed in on EB shares. B. Riley reaffirmed a "neutral" rating and set a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a report on Friday, February 28th. BWS Financial reiterated a "buy" rating and issued a $7.00 price objective on shares of Eventbrite in a research report on Monday, March 3rd.
Check Out Our Latest Report on EB
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in Eventbrite during the third quarter valued at approximately $25,000. Pallas Capital Advisors LLC bought a new position in Eventbrite during the fourth quarter valued at $37,000. Paloma Partners Management Co purchased a new stake in shares of Eventbrite in the third quarter valued at $44,000. RPO LLC purchased a new stake in shares of Eventbrite in the fourth quarter valued at $55,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Eventbrite in the 4th quarter worth about $66,000. 91.64% of the stock is owned by hedge funds and other institutional investors.
Eventbrite Stock Performance
Eventbrite stock traded down $0.09 during midday trading on Tuesday, reaching $2.18. The stock had a trading volume of 449,358 shares, compared to its average volume of 1,551,173. 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 capitalization of $205.82 million, a PE ratio of -24.17 and a beta of 2.24. Eventbrite has a 12 month low of $2.11 and a 12 month high of $5.98. The firm's 50-day moving average price is $2.93 and its 200 day moving average price is $3.16.
About Eventbrite
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Get Free ReportEventbrite, 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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