Nantahala Capital Management LLC Boosts Stock Position in Eventbrite, Inc. $EB

Key Points

• Nantahala Capital Management LLC increased its stake in Eventbrite, Inc. by 7.6% in the first quarter, now owning approximately 6.74% of the company, valued at $13.5 million.
• Eventbrite reported earnings of ($0.02) per share for the latest quarter, exceeding analyst expectations by $0.06, while revenue reached $72.76 million.
• Analyst ratings for Eventbrite include one Buy and one Hold, with a consensus price target of $4.40 and current trading at around $2.66.

Nantahala Capital Management LLC raised its stake in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,381,395 shares of the company's stock after purchasing an additional 450,448 shares during the quarter. Eventbrite accounts for about 0.5% of Nantahala Capital Management LLC's holdings, making the stock its 26th biggest holding. Nantahala Capital Management LLC owned approximately 6.74% of Eventbrite worth $13,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Eventbrite by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 601,602 shares of the company's stock worth $1,269,000 after acquiring an additional 4,260 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Eventbrite by 9.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company's stock valued at $209,000 after purchasing an additional 5,114 shares during the period. Pallas Capital Advisors LLC increased its position in Eventbrite by 52.2% during the 1st quarter. Pallas Capital Advisors LLC now owns 16,928 shares of the company's stock valued at $36,000 after purchasing an additional 5,803 shares during the period. ProShare Advisors LLC increased its position in Eventbrite by 47.2% during the 4th quarter. ProShare Advisors LLC now owns 22,392 shares of the company's stock valued at $75,000 after purchasing an additional 7,182 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Eventbrite by 12.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 64,012 shares of the company's stock valued at $215,000 after purchasing an additional 7,300 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Eventbrite Stock Performance

Shares of NYSE:EB traded down $0.11 during trading on Thursday, hitting $2.62. The company's stock had a trading volume of 555,190 shares, compared to its average volume of 844,183. The company has a 50-day moving average of $2.56 and a 200-day moving average of $2.44. Eventbrite, Inc. has a 12 month low of $1.80 and a 12 month high of $4.12. 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 market cap of $252.35 million, a price-to-earnings ratio of -11.89 and a beta of 2.03.

Eventbrite (NYSE:EB - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.06. The firm had revenue of $72.76 million for the quarter, compared to analysts' expectations 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, sell-side analysts expect that Eventbrite, Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

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

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.