Bank of America Corp DE Lowers Stock Position in Eventbrite, Inc. (NYSE:EB)

Bank of America Corp DE lessened its position in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 98.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,391 shares of the company's stock after selling 3,302,617 shares during the quarter. Bank of America Corp DE's holdings in Eventbrite were worth $126,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPO LLC acquired a new position in Eventbrite during the fourth quarter valued at approximately $55,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Eventbrite in the 4th quarter valued at $66,000. EntryPoint Capital LLC bought a new stake in shares of Eventbrite in the 4th quarter valued at $67,000. WINTON GROUP Ltd acquired a new stake in Eventbrite during the 4th quarter worth $78,000. Finally, Intech Investment Management LLC raised its position in shares of Eventbrite by 26.6% during the fourth quarter. Intech Investment Management LLC now owns 32,601 shares of the company's stock worth $110,000 after purchasing an additional 6,842 shares during the period. 91.64% of the stock is owned by institutional investors.

Eventbrite Stock Performance

EB traded down $0.06 on Friday, reaching $2.47. The company had a trading volume of 281,903 shares, compared to its average volume of 1,367,740. Eventbrite, Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.92. The stock has a market cap of $233.26 million, a P/E ratio of -12.97 and a beta of 2.06. The company's fifty day moving average is $2.31 and its 200 day moving average is $2.79. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.45 and a current ratio of 1.45.

Eventbrite (NYSE:EB - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. Eventbrite had a negative return on equity of 10.12% and a negative net margin of 5.66%. The company had revenue of $73.83 million for the quarter, compared to the consensus estimate of $72.88 million. As a group, analysts predict that Eventbrite, Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EB has been the subject of several research reports. BWS Financial reissued a "buy" rating and set a $7.00 price objective on shares of Eventbrite in a research report on Monday, April 14th. B. Riley reaffirmed a "neutral" rating and set a $3.50 price objective (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Eventbrite currently has a consensus rating of "Hold" and a consensus target price of $4.83.

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.