Eventbrite, Inc. (NYSE:EB) Receives $5.40 Consensus Target Price from Brokerages

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

A number of brokerages have recently commented on EB. B. Riley reiterated a "neutral" rating and set a $3.50 price target (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 target on shares of Eventbrite in a research report on Monday, April 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pallas Capital Advisors LLC raised its position in shares of Eventbrite by 52.2% during the first quarter. Pallas Capital Advisors LLC now owns 16,928 shares of the company's stock worth $36,000 after purchasing an additional 5,803 shares during the period. CHICAGO TRUST Co NA bought a new position in shares of Eventbrite in the first quarter valued at approximately $44,000. RPO LLC purchased a new position in shares of Eventbrite during the fourth quarter valued at approximately $55,000. Mercer Global Advisors Inc. ADV bought a new stake in Eventbrite during the fourth quarter worth $66,000. Finally, EntryPoint Capital LLC purchased a new stake in Eventbrite in the 4th quarter valued at $67,000. 91.64% of the stock is owned by institutional investors.

Eventbrite Trading Up 0.7 %

NYSE:EB traded up $0.02 during mid-day trading on Friday, hitting $2.14. 222,288 shares of the company's stock were exchanged, compared to its average volume of 1,499,554. Eventbrite has a fifty-two week low of $1.81 and a fifty-two week high of $5.92. 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 firm has a market capitalization of $202.03 million, a P/E ratio of -23.72 and a beta of 2.05. The company has a 50 day simple moving average of $2.40 and a 200-day simple moving average of $3.05.

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.