Eventbrite, Inc. $EB Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in Eventbrite, Inc. by 46.5%, owning approximately 0.17% of the company after selling 137,591 shares in the first quarter.
• Shares of Eventbrite, Inc. increased by 4.2%, with a current market cap of $252.35 million and a 12-month trading range of $1.80 to $4.12.
• Eventbrite reported a quarterly EPS of (0.02), exceeding analyst expectations, and provided FY 2025 guidance while facing a negative net margin of 6.93%.

Algert Global LLC lowered its stake in Eventbrite, Inc. (NYSE:EB - Free Report) by 46.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 158,552 shares of the company's stock after selling 137,591 shares during the period. Algert Global LLC owned 0.17% of Eventbrite worth $335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nantahala Capital Management LLC boosted its holdings in shares of Eventbrite by 76.5% in the 4th quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company's stock valued at $19,928,000 after buying an additional 2,569,747 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Eventbrite by 151.7% in the 4th quarter. Two Sigma Investments LP now owns 1,228,930 shares of the company's stock valued at $4,129,000 after buying an additional 740,717 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Eventbrite by 58.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,312,100 shares of the company's stock valued at $4,409,000 after buying an additional 484,800 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Eventbrite by 24.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,016,634 shares of the company's stock valued at $6,776,000 after buying an additional 393,964 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Eventbrite in the 4th quarter valued at about $1,179,000. Institutional investors own 91.64% of the company's stock.

Eventbrite Stock Performance

Eventbrite stock traded down $0.01 during midday trading on Friday, reaching $2.66. 445,470 shares of the stock traded hands, compared to its average volume of 746,210. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.19. The firm has a fifty day moving average price of $2.55 and a two-hundred day moving average price of $2.45. The firm has a market cap of $256.21 million, a price-to-earnings ratio of -12.07 and a beta of 2.09. Eventbrite, Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $4.12.

Eventbrite (NYSE:EB - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.06. The firm had revenue of $72.76 million during the quarter, compared to analyst estimates of $71.67 million. Eventbrite had a negative net margin of 6.93% and a negative return on equity of 11.91%. Eventbrite has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Eventbrite, Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley set a $2.70 price target on shares of Eventbrite in a report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.40.

Eventbrite 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.