Eventbrite, Inc. (NYSE:EB) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its position in Eventbrite, Inc. (NYSE:EB - Free Report) by 22.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,197,438 shares of the company's stock after purchasing an additional 405,318 shares during the period. Jacobs Levy Equity Management Inc. owned 2.29% of Eventbrite worth $5,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Rice Hall James & Associates LLC boosted its holdings in Eventbrite by 5.2% in the third quarter. Rice Hall James & Associates LLC now owns 2,174,978 shares of the company's stock valued at $5,938,000 after purchasing an additional 108,300 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Eventbrite by 125.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company's stock worth $9,573,000 after buying an additional 1,102,809 shares during the last quarter. Nantahala Capital Management LLC acquired a new position in shares of Eventbrite in the 2nd quarter valued at $7,744,000. Whetstone Capital Advisors LLC grew its position in shares of Eventbrite by 74.6% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company's stock valued at $3,911,000 after buying an additional 612,173 shares during the last quarter. Finally, Algert Global LLC raised its stake in Eventbrite by 28.5% during the 3rd quarter. Algert Global LLC now owns 739,768 shares of the company's stock worth $2,020,000 after acquiring an additional 164,080 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Eventbrite Trading Up 1.7 %

Shares of EB stock traded up $0.06 during midday trading on Friday, hitting $3.67. The company had a trading volume of 1,459,273 shares, compared to its average volume of 1,882,520. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite, Inc. has a 52-week low of $2.51 and a 52-week high of $9.20. The company's 50 day simple moving average is $3.24 and its 200 day simple moving average is $3.85.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EB shares. Piper Sandler downgraded shares of Eventbrite from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $9.00 to $4.00 in a research note on Friday, August 9th. B. Riley dropped their price target on Eventbrite from $10.00 to $5.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. KeyCorp cut Eventbrite from an "overweight" rating to a "sector weight" rating in a research note on Friday, August 9th. Truist Financial downgraded Eventbrite from a "buy" rating to a "hold" rating in a report on Friday, August 9th. Finally, BWS Financial reaffirmed a "buy" rating and issued a $7.00 target price on shares of Eventbrite in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Eventbrite presently has a consensus rating of "Hold" and an average price target of $6.58.

Insider Activity

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $3.03, for a total transaction of $60,600.00. Following the completion of the sale, the chief financial officer now directly owns 628,152 shares in the company, valued at $1,903,300.56. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 21.46% of the company's stock.

Eventbrite 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.