Cubist Systematic Strategies LLC Acquires 179,740 Shares of Eventbrite, Inc. $EB

Key Points

• Cubist Systematic Strategies LLC increased its ownership of Eventbrite shares by 81.5%, bringing its total to 400,181 shares, valued at approximately $844,000.
• Eventbrite reported a quarterly earnings surprise, with earnings per share (EPS) of ($0.02), beating estimates by $0.06 and generating $72.76 million in revenue.
• The company has a consensus rating of "Moderate Buy" from analysts, with an average price target of $4.40 following a recent price objective set at $2.70 by Morgan Stanley.

Cubist Systematic Strategies LLC grew its holdings in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 81.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 400,181 shares of the company's stock after acquiring an additional 179,740 shares during the period. Cubist Systematic Strategies LLC owned 0.42% of Eventbrite worth $844,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its holdings in Eventbrite by 6.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,343,284 shares of the company's stock worth $7,873,000 after acquiring an additional 145,846 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Eventbrite by 24.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,016,634 shares of the company's stock worth $6,776,000 after acquiring an additional 393,964 shares during the period. Two Sigma Advisers LP grew its holdings in Eventbrite by 58.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,312,100 shares of the company's stock worth $4,409,000 after acquiring an additional 484,800 shares during the period. Two Sigma Investments LP grew its holdings in Eventbrite by 151.7% during the 4th quarter. Two Sigma Investments LP now owns 1,228,930 shares of the company's stock worth $4,129,000 after acquiring an additional 740,717 shares during the period. Finally, Palogic Value Management L.P. grew its holdings in Eventbrite by 87.7% during the 1st quarter. Palogic Value Management L.P. now owns 1,125,987 shares of the company's stock worth $2,376,000 after acquiring an additional 525,987 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Eventbrite Stock Up 0.9%

Shares of EB traded up $0.03 during trading hours on Monday, hitting $2.74. The stock had a trading volume of 257,838 shares, compared to its average volume of 489,297. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a 50 day simple moving average of $2.56 and a 200-day simple moving average of $2.40. The firm has a market capitalization of $263.93 million, a P/E ratio of -12.43 and a beta of 2.03. Eventbrite, Inc. has a 1-year low of $1.80 and a 1-year high of $4.12.

Eventbrite (NYSE:EB - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $71.67 million. Eventbrite has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Eventbrite, Inc. will post -0.12 EPS 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.