260,000 Shares in Eventbrite, Inc. $EB Purchased by MYDA Advisors LLC

Key Points

• MYDA Advisors LLC acquired a new position in Eventbrite, Inc. during the first quarter, purchasing 260,000 shares valued at approximately $549,000.
• Eventbrite's stock opened at $2.61 and has a market cap of $251.38 million, with an average price target from analysts set at $4.40.
• Recent quarterly results showed a revenue of $72.76 million for Eventbrite, exceeding analysts' expectations by $1.09 million, while the company reported a negative earnings per share of ($0.02).

MYDA Advisors LLC acquired a new position in shares of Eventbrite, Inc. (NYSE:EB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 260,000 shares of the company's stock, valued at approximately $549,000. MYDA Advisors LLC owned 0.27% of Eventbrite at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Two Sigma Investments LP increased its holdings in Eventbrite by 151.7% in the fourth quarter. Two Sigma Investments LP now owns 1,228,930 shares of the company's stock valued at $4,129,000 after buying an additional 740,717 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Eventbrite by 58.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,312,100 shares of the company's stock valued at $4,409,000 after buying an additional 484,800 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Eventbrite by 24.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,016,634 shares of the company's stock valued at $6,776,000 after buying an additional 393,964 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Eventbrite in the fourth quarter valued at $1,179,000. Finally, Nuveen LLC purchased a new position in Eventbrite in the first quarter valued at $448,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

Eventbrite Stock Performance

NYSE EB traded down $0.01 during trading hours on Monday, hitting $2.66. The company had a trading volume of 445,470 shares, compared to its average volume of 735,162. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.51 and a current ratio of 1.51. Eventbrite, Inc. has a 1-year low of $1.80 and a 1-year high of $4.12. The company has a market cap of $256.21 million, a PE ratio of -12.07 and a beta of 2.03. The business has a 50 day moving average of $2.55 and a 200-day moving average of $2.44.

Eventbrite (NYSE:EB - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating 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 company had revenue of $72.76 million during the quarter, compared to the consensus estimate of $71.67 million. Eventbrite has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Eventbrite, Inc. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley set a $2.70 target price on Eventbrite in a 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $4.40.

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.