Jacobs Levy Equity Management Inc. Reduces Stock Position in Eventbrite, Inc. $EB

Key Points

• Jacobs Levy Equity Management Inc. has significantly reduced its stake in Eventbrite, Inc. by selling 1,662,635 shares, resulting in a total holding of 680,649 shares, which constitutes approximately 0.72% of the company.
• Eventbrite's stock has shown a 52-week range between $1.80 and $4.12, currently trading at $2.76 with a market capitalization of $265.86 million and a P/E ratio of -12.52.
• Despite some hedge funds increasing their investments in Eventbrite, the company reported a negative return on equity of 11.91% and a net margin of -6.93% in its latest earnings report.

Jacobs Levy Equity Management Inc. lessened its stake in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 71.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 680,649 shares of the company's stock after selling 1,662,635 shares during the period. Jacobs Levy Equity Management Inc. owned 0.72% of Eventbrite worth $1,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in EB. AQR Capital Management LLC lifted its position in shares of Eventbrite by 102.0% in the first quarter. AQR Capital Management LLC now owns 2,202,617 shares of the company's stock worth $4,648,000 after buying an additional 1,112,310 shares in the last quarter. Two Sigma Investments LP increased its stake in Eventbrite by 151.7% in 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 last quarter. Palogic Value Management L.P. raised its holdings in shares of 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 in the last quarter. Two Sigma Advisers LP raised its holdings in shares of 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 in the last quarter. Finally, Nantahala Capital Management LLC boosted its position in shares of Eventbrite by 7.6% during the 1st quarter. Nantahala Capital Management LLC now owns 6,381,395 shares of the company's stock valued at $13,465,000 after acquiring an additional 450,448 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

Wall Street Analysts Forecast Growth

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

Eventbrite Trading Up 3.9%

EB traded up $0.11 during trading on Wednesday, reaching $2.90. The company had a trading volume of 1,030,305 shares, compared to its average volume of 441,548. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.19. Eventbrite, Inc. has a 52 week low of $1.80 and a 52 week high of $4.12. The stock has a market cap of $279.85 million, a P/E ratio of -13.18 and a beta of 2.03. The business has a 50 day simple moving average of $2.57 and a 200-day simple moving average of $2.41.

Eventbrite (NYSE:EB - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.06. Eventbrite had a negative net margin of 6.93% and a negative return on equity of 11.91%. The firm had revenue of $72.76 million during the quarter, compared to analyst estimates of $71.67 million. Eventbrite has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.

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.