D. E. Shaw & Co. Inc. Grows Position in Eventbrite, Inc. (NYSE:EB)

D. E. Shaw & Co. Inc. lifted its position in Eventbrite, Inc. (NYSE:EB - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,016,634 shares of the company's stock after buying an additional 393,964 shares during the period. D. E. Shaw & Co. Inc. owned about 2.08% of Eventbrite worth $6,776,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Bridgeway Capital Management LLC bought a new position in shares of Eventbrite during the fourth quarter worth $504,000. Ameriprise Financial Inc. grew its holdings in Eventbrite by 4.5% during the 4th quarter. Ameriprise Financial Inc. now owns 237,387 shares of the company's stock worth $798,000 after acquiring an additional 10,144 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Eventbrite during the 4th quarter worth about $66,000. Nantahala Capital Management LLC grew its holdings in Eventbrite by 76.5% during the 4th quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company's stock worth $19,928,000 after acquiring an additional 2,569,747 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Eventbrite in the 4th quarter valued at about $669,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BWS Financial restated a "buy" rating and issued a $7.00 price target on shares of Eventbrite in a report on Monday, April 14th. B. Riley reaffirmed a "neutral" rating and set a $3.50 target price (down 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.25.

Eventbrite Price Performance

Shares of Eventbrite stock traded down $0.14 during trading hours on Monday, reaching $2.21. 720,478 shares of the company's stock were exchanged, compared to its average volume of 1,445,204. Eventbrite, Inc. has a 1 year low of $1.81 and a 1 year high of $5.92. The company has a market capitalization of $209.13 million, a P/E ratio of -24.56 and a beta of 2.02. The business has a fifty day moving average of $2.18 and a two-hundred day moving average of $2.97. 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 (NYSE:EB - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $72.88 million. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. As a group, research analysts predict that Eventbrite, Inc. will post -0.12 earnings per share 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.