Eventbrite, Inc. (NYSE:EB) Holdings Cut by Algert Global LLC

Algert Global LLC reduced its position in Eventbrite, Inc. (NYSE:EB - Free Report) by 60.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,143 shares of the company's stock after selling 443,625 shares during the period. Algert Global LLC owned approximately 0.31% of Eventbrite worth $995,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nantahala Capital Management LLC lifted its position in Eventbrite by 76.5% during the fourth quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company's stock valued at $19,928,000 after buying an additional 2,569,747 shares in the last quarter. Winslow Capital Management LLC purchased a new position in shares of Eventbrite in the 4th quarter valued at $7,962,000. Geode Capital Management LLC lifted its holdings in shares of Eventbrite by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,778,279 shares of the company's stock valued at $5,977,000 after acquiring an additional 11,135 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Eventbrite by 48.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 708,386 shares of the company's stock valued at $2,380,000 after acquiring an additional 232,353 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Eventbrite by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 682,718 shares of the company's stock valued at $2,294,000 after acquiring an additional 18,675 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EB shares. BWS Financial restated a "buy" rating and set a $7.00 target price on shares of Eventbrite in a report on Monday, April 14th. B. Riley restated a "neutral" rating and set a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.25.

Eventbrite Stock Up 0.2%

Shares of EB traded up $0.01 during midday trading on Friday, hitting $2.33. The company had a trading volume of 225,288 shares, compared to its average volume of 1,444,247. The stock has a market cap of $220.01 million, a price-to-earnings ratio of -25.83 and a beta of 2.02. The company's 50 day moving average price is $2.18 and its 200 day moving average price is $2.98. 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 52 week low of $1.81 and a 52 week high of $5.92.

Eventbrite (NYSE:EB - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.01. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. The firm had revenue of $73.83 million for the quarter, compared to analysts' expectations of $72.88 million. On average, equities research analysts predict that Eventbrite, Inc. will post -0.12 EPS for the current year.

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.