Eventbrite, Inc. (NYSE:EB) Stock Position Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its holdings in Eventbrite, Inc. (NYSE:EB - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,604,596 shares of the company's stock after selling 232,201 shares during the quarter. Renaissance Technologies LLC owned 1.66% of Eventbrite worth $5,391,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. US Bancorp DE lifted its position in Eventbrite by 53.9% in the fourth quarter. US Bancorp DE now owns 40,011 shares of the company's stock worth $134,000 after purchasing an additional 14,007 shares during the period. Barclays PLC raised its stake in shares of Eventbrite by 151.8% in the 3rd quarter. Barclays PLC now owns 169,642 shares of the company's stock worth $462,000 after buying an additional 102,283 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of Eventbrite by 76.6% in the fourth quarter. Savant Capital LLC now owns 37,590 shares of the company's stock valued at $126,000 after buying an additional 16,310 shares during the period. Intech Investment Management LLC boosted its stake in Eventbrite by 26.6% during the fourth quarter. Intech Investment Management LLC now owns 32,601 shares of the company's stock valued at $110,000 after buying an additional 6,842 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Eventbrite by 550.0% during the fourth quarter. Alliancebernstein L.P. now owns 503,750 shares of the company's stock valued at $1,693,000 after buying an additional 426,250 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Eventbrite Trading Up 0.7 %

Shares of Eventbrite stock traded up $0.02 on Friday, reaching $2.13. 78,784 shares of the company were exchanged, compared to its average volume of 1,494,642. Eventbrite, Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.92. The firm has a market capitalization of $201.09 million, a price-to-earnings ratio of -23.61 and a beta of 2.05. 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 stock has a fifty day moving average price of $2.38 and a 200-day moving average price of $3.04.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EB shares. 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. B. Riley reiterated a "neutral" rating and issued a $3.50 target price (down from $5.00) on shares of Eventbrite in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.40.

About Eventbrite

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.