D. E. Shaw & Co. Inc. Buys 393,964 Shares of Eventbrite, Inc. (NYSE:EB)

D. E. Shaw & Co. Inc. raised its stake in Eventbrite, Inc. (NYSE:EB - Free Report) by 24.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,016,634 shares of the company's stock after purchasing an additional 393,964 shares during the period. D. E. Shaw & Co. Inc. owned 2.08% of Eventbrite worth $6,776,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in Eventbrite by 9.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company's stock valued at $209,000 after buying an additional 5,114 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Eventbrite by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 227,548 shares of the company's stock worth $765,000 after acquiring an additional 5,359 shares in the last quarter. Intech Investment Management LLC grew its stake in 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 during the period. Wells Fargo & Company MN increased its holdings in shares of Eventbrite by 26.7% during the fourth quarter. Wells Fargo & Company MN now owns 38,264 shares of the company's stock valued at $129,000 after acquiring an additional 8,070 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Eventbrite by 4.5% during the fourth quarter. Ameriprise Financial Inc. now owns 237,387 shares of the company's stock worth $798,000 after purchasing an additional 10,144 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EB shares. BWS Financial restated a "buy" rating and issued a $7.00 target price on shares of Eventbrite in a report on Monday, April 14th. B. Riley reaffirmed 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $5.25.

Eventbrite Stock Performance

Shares of Eventbrite stock traded up $0.07 on Wednesday, reaching $2.23. 116,937 shares of the company traded hands, compared to its average volume of 941,647. The company has a 50 day moving average of $2.18 and a 200 day moving average of $2.96. 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 52 week low of $1.80 and a 52 week high of $5.92. The firm has a market capitalization of $210.55 million, a PE ratio of -24.72 and a beta of 2.02.

Eventbrite (NYSE:EB - Get Free Report) last issued its earnings results 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 analyst estimates of $72.88 million. Equities analysts forecast that Eventbrite, Inc. will post -0.12 earnings per share for the current 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.