Bridgeway Capital Management LLC acquired a new position in shares of Eventbrite, Inc. (NYSE:EB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 150,000 shares of the company's stock, valued at approximately $504,000. Bridgeway Capital Management LLC owned about 0.15% of Eventbrite at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of EB. Pallas Capital Advisors LLC purchased a new stake in shares of Eventbrite during the 4th quarter worth approximately $37,000. RPO LLC purchased a new stake in Eventbrite in the 4th quarter valued at $55,000. Mercer Global Advisors Inc. ADV purchased a new stake in Eventbrite in the 4th quarter valued at $66,000. EntryPoint Capital LLC purchased a new stake in Eventbrite in the 4th quarter valued at $67,000. Finally, WINTON GROUP Ltd purchased a new stake in Eventbrite in the 4th quarter valued at $78,000. Hedge funds and other institutional investors own 91.64% of the company's stock.
Analysts Set New Price Targets
EB has been the subject of several research reports. B. Riley reiterated a "neutral" rating and issued a $3.50 price target (down previously from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. 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. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $5.25.
Check Out Our Latest Analysis on Eventbrite
Eventbrite Stock Performance
Eventbrite stock traded up $0.02 during trading hours on Friday, reaching $2.34. 724,281 shares of the stock were exchanged, compared to its average volume of 1,448,115. The stock has a market cap of $221.43 million, a P/E ratio of -26.00 and a beta of 2.02. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. Eventbrite, Inc. has a 52-week low of $1.81 and a 52-week high of $5.92. The firm's 50 day moving average is $2.18 and its 200 day moving average is $2.97.
Eventbrite (NYSE:EB - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.01. The company had revenue of $73.83 million during the quarter, compared to the consensus estimate of $72.88 million. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. Analysts predict that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.
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.
Further Reading
Before you consider Eventbrite, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eventbrite wasn't on the list.
While Eventbrite currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
