GSA Capital Partners LLP Purchases 174,978 Shares of Eventbrite, Inc. (NYSE:EB)

Key Points

• GSA Capital Partners LLP increased its stake in Eventbrite by 57.6%, acquiring an additional 174,978 shares, bringing its total to 478,588 shares valued at approximately $1.01 million.
• Analysts have given Eventbrite an average rating of "Hold," with a target price of $4.83, while BWS Financial reiterated a "buy" rating with a target of $7.00.
• Eventbrite reported a quarterly earnings per share of ($0.07), surpassing estimates, with revenue of $73.83 million against expected figures of $72.88 million.

GSA Capital Partners LLP raised its holdings in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 57.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 478,588 shares of the company's stock after acquiring an additional 174,978 shares during the quarter. GSA Capital Partners LLP owned about 0.51% of Eventbrite worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. RPO LLC purchased a new stake in Eventbrite in the 4th quarter worth approximately $55,000. Pallas Capital Advisors LLC raised its position in shares of Eventbrite by 52.2% in the first quarter. Pallas Capital Advisors LLC now owns 16,928 shares of the company's stock worth $36,000 after buying an additional 5,803 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Eventbrite during the fourth quarter valued at $66,000. CHICAGO TRUST Co NA bought a new stake in Eventbrite during the first quarter valued at $44,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Eventbrite during the fourth quarter worth about $71,000. 91.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, BWS Financial restated a "buy" rating and issued a $7.00 price objective on shares of Eventbrite in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $4.83.

Eventbrite Price Performance

EB stock traded up $0.09 during mid-day trading on Monday, hitting $2.38. 230,145 shares of the stock were exchanged, compared to its average volume of 860,524. The business has a fifty day moving average price of $2.51 and a 200 day moving average price of $2.56. Eventbrite, Inc. has a 12 month low of $1.80 and a 12 month high of $4.20. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $224.74 million, a price-to-earnings ratio of -12.50 and a beta of 2.09.

Eventbrite (NYSE:EB - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. The company had revenue of $73.83 million for the quarter, compared to analysts' expectations of $72.88 million. Eventbrite had a negative return on equity of 10.12% and a negative net margin of 5.66%. On average, sell-side analysts anticipate that Eventbrite, Inc. will post -0.12 EPS for the current 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.