Algert Global LLC Cuts Stock Position in Eventbrite, Inc. $EB

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 position in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 46.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,552 shares of the company's stock after selling 137,591 shares during the period. Algert Global LLC owned about 0.17% of Eventbrite worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EB. Nantahala Capital Management LLC increased its stake in shares of Eventbrite by 76.5% during the fourth 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. Jacobs Levy Equity Management Inc. grew its stake in shares of Eventbrite by 6.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,343,284 shares of the company's stock worth $7,873,000 after buying an additional 145,846 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake 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 worth $6,776,000 after buying an additional 393,964 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Eventbrite by 58.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,312,100 shares of the company's stock valued at $4,409,000 after purchasing an additional 484,800 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Eventbrite by 151.7% during the 4th quarter. Two Sigma Investments LP now owns 1,228,930 shares of the company's stock valued at $4,129,000 after purchasing an additional 740,717 shares during the last quarter. Institutional investors own 91.64% of the company's stock.

Eventbrite Stock Performance

Eventbrite stock traded down $0.02 during trading on Friday, reaching $2.65. The company had a trading volume of 210,883 shares, compared to its average volume of 847,778. Eventbrite, Inc. has a 52 week low of $1.80 and a 52 week high of $4.12. The firm's 50-day simple moving average is $2.55 and its 200 day simple moving average is $2.46. The firm has a market capitalization of $255.24 million, a price-to-earnings ratio of -12.02 and a beta of 2.09. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.19.

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

Analyst Ratings Changes

Separately, Morgan Stanley set a $2.70 price target on Eventbrite in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $4.40.

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.