Connor Clark & Lunn Investment Management Ltd. lifted its position in Eventbrite, Inc. (NYSE:EB - Free Report) by 46.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 476,033 shares of the company's stock after acquiring an additional 149,934 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.50% of Eventbrite worth $1,300,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in shares of Eventbrite by 68.3% in the third quarter. Covestor Ltd now owns 33,220 shares of the company's stock worth $91,000 after purchasing an additional 13,483 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Eventbrite by 54.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company's stock valued at $64,000 after purchasing an additional 8,307 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of Eventbrite by 5.2% in the 3rd quarter. Rice Hall James & Associates LLC now owns 2,174,978 shares of the company's stock worth $5,938,000 after buying an additional 108,300 shares during the period. US Bancorp DE grew its position in shares of Eventbrite by 327.3% during the 3rd quarter. US Bancorp DE now owns 26,004 shares of the company's stock worth $71,000 after buying an additional 19,919 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Eventbrite by 192.4% during the third quarter. SG Americas Securities LLC now owns 75,130 shares of the company's stock valued at $205,000 after buying an additional 49,434 shares during the period. 91.64% of the stock is currently owned by institutional investors.
Insider Activity at Eventbrite
In other news, CFO Charles Baker sold 20,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.03, for a total value of $60,600.00. Following the completion of the transaction, the chief financial officer now owns 628,152 shares of the company's stock, valued at $1,903,300.56. The trade was a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 21.46% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Truist Financial cut shares of Eventbrite from a "buy" rating to a "hold" rating in a research report on Friday, August 9th. KeyCorp cut Eventbrite from an "overweight" rating to a "sector weight" rating in a research note on Friday, August 9th. BWS Financial reiterated a "buy" rating and issued a $7.00 target price on shares of Eventbrite in a research note on Wednesday, November 13th. Piper Sandler cut shares of Eventbrite from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $9.00 to $4.00 in a report on Friday, August 9th. Finally, B. Riley cut their price objective on shares of Eventbrite from $10.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Eventbrite presently has an average rating of "Hold" and an average target price of $6.58.
Read Our Latest Report on Eventbrite
Eventbrite Stock Performance
Shares of EB opened at $3.74 on Wednesday. The stock has a 50-day moving average of $3.09 and a two-hundred day moving average of $3.93. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite, Inc. has a one year low of $2.51 and a one year high of $9.20.
About Eventbrite
(
Free Report)
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.
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