Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Eventbrite, Inc. (NYSE:EB - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 708,386 shares of the company's stock after purchasing an additional 232,353 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.73% of Eventbrite worth $2,380,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in Eventbrite in the third quarter worth $25,000. Pallas Capital Advisors LLC bought a new stake in Eventbrite in the fourth quarter valued at $37,000. Paloma Partners Management Co bought a new stake in Eventbrite in the third quarter valued at $44,000. Intech Investment Management LLC bought a new stake in Eventbrite in the third quarter valued at $70,000. Finally, Point72 DIFC Ltd bought a new stake in Eventbrite in the third quarter valued at $85,000. Institutional investors and hedge funds own 91.64% of the company's stock.
Eventbrite Stock Performance
Shares of NYSE EB traded down $0.02 during midday trading on Friday, reaching $2.32. 1,304,906 shares of the company traded hands, compared to its average volume of 1,566,931. Eventbrite, Inc. has a 52 week low of $2.11 and a 52 week high of $5.98. The stock has a 50-day moving average price of $3.05 and a 200 day moving average price of $3.19. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $219.16 million, a price-to-earnings ratio of -25.73 and a beta of 2.24.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. BWS Financial reiterated a "buy" rating and issued a $7.00 target price on shares of Eventbrite in a research note on Monday, March 3rd. B. Riley reiterated a "neutral" rating and issued a $3.50 target price (down from $5.00) on shares of Eventbrite in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $5.40.
View Our Latest Research Report on EB
Eventbrite Profile
(
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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