Eventbrite, Inc. (NYSE:EB) Shares Acquired by Nantahala Capital Management LLC

Nantahala Capital Management LLC grew its stake in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 76.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,930,947 shares of the company's stock after buying an additional 2,569,747 shares during the quarter. Eventbrite makes up 0.9% of Nantahala Capital Management LLC's holdings, making the stock its 19th biggest holding. Nantahala Capital Management LLC owned approximately 6.12% of Eventbrite worth $19,928,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EB. US Bancorp DE increased its holdings in shares of Eventbrite by 53.9% during the fourth quarter. US Bancorp DE now owns 40,011 shares of the company's stock valued at $134,000 after acquiring an additional 14,007 shares in the last quarter. Barclays PLC raised its stake in shares of Eventbrite by 151.8% in the third quarter. Barclays PLC now owns 169,642 shares of the company's stock valued at $462,000 after buying an additional 102,283 shares during the period. Alliancebernstein L.P. raised its stake in shares of Eventbrite by 550.0% in the fourth quarter. Alliancebernstein L.P. now owns 503,750 shares of the company's stock valued at $1,693,000 after buying an additional 426,250 shares during the period. Savant Capital LLC raised its stake in shares of Eventbrite by 76.6% in the fourth quarter. Savant Capital LLC now owns 37,590 shares of the company's stock valued at $126,000 after buying an additional 16,310 shares during the period. Finally, Intech Investment Management LLC raised its stake in shares of 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 buying an additional 6,842 shares during the period. Institutional investors own 91.64% of the company's stock.

Wall Street Analysts Forecast Growth

EB has been the topic of a number of analyst reports. B. Riley reiterated 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 restated a "buy" rating and issued a $7.00 price objective on shares of Eventbrite in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Eventbrite currently has a consensus rating of "Hold" and an average price target of $5.25.

Eventbrite Stock Up 0.9 %

NYSE EB traded up $0.02 on Thursday, reaching $2.14. 731,356 shares of the stock traded hands, compared to its average volume of 1,482,243. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The company has a fifty day moving average price of $2.26 and a 200-day moving average price of $3.02. The company has a market cap of $202.51 million, a price-to-earnings ratio of -23.78 and a beta of 2.05. Eventbrite, Inc. has a 12 month low of $1.81 and a 12 month high of $5.92.

About Eventbrite

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.