Cubist Systematic Strategies LLC Has $741,000 Stock Holdings in Eventbrite, Inc. (NYSE:EB)

Cubist Systematic Strategies LLC lowered its position in Eventbrite, Inc. (NYSE:EB - Free Report) by 54.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,441 shares of the company's stock after selling 258,743 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.23% of Eventbrite worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EB. Barclays PLC lifted 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 acquiring an additional 102,283 shares during the period. Pallas Capital Advisors LLC bought a new position in Eventbrite during the fourth quarter valued at about $37,000. SG Americas Securities LLC grew its holdings in Eventbrite by 18.5% during the fourth quarter. SG Americas Securities LLC now owns 89,012 shares of the company's stock worth $299,000 after acquiring an additional 13,882 shares during the period. Savant Capital LLC raised its position in Eventbrite by 76.6% in the fourth quarter. Savant Capital LLC now owns 37,590 shares of the company's stock worth $126,000 after acquiring an additional 16,310 shares in the last quarter. Finally, White Pine Capital LLC acquired a new position in shares of Eventbrite in the 4th quarter worth approximately $300,000. Institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

EB has been the subject of a number of analyst reports. B. Riley reaffirmed a "neutral" rating and set a $3.50 price objective (down from $5.00) on shares of Eventbrite in a research note on Friday, February 28th. BWS Financial reaffirmed a "buy" rating and issued a $7.00 price objective on shares of Eventbrite in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.25.

Eventbrite Stock Up 0.2%

NYSE:EB traded up $0.01 on Tuesday, hitting $2.22. 148,458 shares of the company's stock traded hands, compared to its average volume of 1,440,042. The company has a market cap of $209.60 million, a PE ratio of -24.61 and a beta of 2.02. Eventbrite, Inc. has a 1 year low of $1.81 and a 1 year high of $5.92. 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 firm has a 50-day moving average price of $2.18 and a 200-day moving average price of $2.96.

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

Eventbrite Company 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.