Pinnacle Holdings LLC lowered its stake in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 86.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,598 shares of the company's stock after selling 1,522,248 shares during the period. Pinnacle Holdings LLC owned about 0.25% of Eventbrite worth $818,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Pallas Capital Advisors LLC acquired a new position in Eventbrite during the fourth quarter worth $37,000. RPO LLC acquired a new stake in shares of Eventbrite in the fourth quarter valued at $55,000. EntryPoint Capital LLC acquired a new stake in shares of Eventbrite during the fourth quarter worth about $67,000. WINTON GROUP Ltd acquired a new stake in Eventbrite during the 4th quarter worth approximately $78,000. Finally, Intech Investment Management LLC raised its stake in shares of Eventbrite by 26.6% in the fourth quarter. Intech Investment Management LLC now owns 32,601 shares of the company's stock valued at $110,000 after acquiring an additional 6,842 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.
Eventbrite Price Performance
Shares of NYSE EB traded up $0.05 during trading on Monday, hitting $2.14. 401,165 shares of the company were exchanged, compared to its average volume of 1,523,217. The firm's fifty day moving average price is $2.59 and its 200 day moving average price is $3.08. The company has a market cap of $202.51 million, a price-to-earnings ratio of -23.78 and a beta of 2.05. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. Eventbrite, Inc. has a 1 year low of $1.81 and a 1 year high of $5.92.
Wall Street Analyst Weigh In
EB has been the topic of a number of analyst reports. B. Riley restated a "neutral" rating and issued a $3.50 price objective (down from $5.00) on shares of Eventbrite in a report on Friday, February 28th. BWS Financial reissued a "buy" rating and issued a $7.00 target price on shares of Eventbrite in a research report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $5.40.
View Our Latest Stock Report on EB
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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