Eventbrite, Inc. (NYSE:EB) Shares Sold by Millennium Management LLC

Millennium Management LLC cut its stake in Eventbrite, Inc. (NYSE:EB - Free Report) by 47.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 916,866 shares of the company's stock after selling 835,388 shares during the period. Millennium Management LLC owned about 0.95% of Eventbrite worth $3,081,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in Eventbrite by 18.5% in the fourth quarter. SG Americas Securities LLC now owns 89,012 shares of the company's stock valued at $299,000 after buying an additional 13,882 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Eventbrite by 76.6% in the 4th quarter. Savant Capital LLC now owns 37,590 shares of the company's stock valued at $126,000 after acquiring an additional 16,310 shares during the period. White Pine Capital LLC acquired a new position in shares of Eventbrite in the 4th quarter valued at $300,000. Ieq Capital LLC purchased a new stake in Eventbrite in the 4th quarter valued at $111,000. Finally, Bank of New York Mellon Corp raised its position in Eventbrite by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 227,548 shares of the company's stock valued at $765,000 after purchasing an additional 5,359 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EB shares. B. Riley reissued 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. BWS Financial reiterated a "buy" rating and set a $7.00 target price on shares of Eventbrite in a research note 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 company presently has an average rating of "Hold" and an average target price of $4.83.

Eventbrite Stock Performance

NYSE:EB traded up $0.11 during mid-day trading on Wednesday, reaching $2.55. The stock had a trading volume of 693,405 shares, compared to its average volume of 1,407,655. Eventbrite, Inc. has a twelve month low of $1.81 and a twelve month high of $5.92. The business has a 50 day simple moving average of $2.20 and a 200 day simple moving average of $2.87. The firm has a market capitalization of $241.30 million, a price-to-earnings ratio of -28.33 and a beta of 2.02. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56.

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, topping analysts' consensus estimates of ($0.08) by $0.01. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. The firm had revenue of $73.83 million for the quarter, compared to analyst estimates of $72.88 million. On average, analysts expect that Eventbrite, Inc. will post -0.12 earnings per share for the current fiscal 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.