Eventbrite, Inc. (NYSE:EB) Stock Position Lowered by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC decreased its position in Eventbrite, Inc. (NYSE:EB - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,932,865 shares of the company's stock after selling 116,691 shares during the quarter. Rice Hall James & Associates LLC owned 2.04% of Eventbrite worth $4,078,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Nantahala Capital Management LLC boosted its position in Eventbrite by 76.5% during the 4th quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company's stock valued at $19,928,000 after purchasing an additional 2,569,747 shares during the period. Winslow Capital Management LLC acquired a new position in Eventbrite during the 4th quarter valued at approximately $7,962,000. Jacobs Levy Equity Management Inc. boosted its position 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 valued at $7,873,000 after purchasing an additional 145,846 shares during the period. D. E. Shaw & Co. Inc. boosted its position 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 valued at $6,776,000 after purchasing an additional 393,964 shares during the period. Finally, Geode Capital Management LLC boosted its position in Eventbrite by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,778,279 shares of the company's stock valued at $5,977,000 after purchasing an additional 11,135 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Eventbrite Stock Performance

EB stock traded down $0.08 during trading on Thursday, reaching $2.28. 3,193,922 shares of the company's stock were exchanged, compared to its average volume of 1,242,372. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.22. Eventbrite, Inc. has a 1-year low of $1.81 and a 1-year high of $5.87. The company's fifty day moving average price is $2.48 and its 200-day moving average price is $2.65. The firm has a market cap of $215.28 million, a PE ratio of -11.97 and a beta of 2.07.

Eventbrite (NYSE:EB - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $72.88 million. On average, research analysts expect that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a "buy" rating and set a $7.00 price target on shares of Eventbrite in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $4.83.

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.