Nuveen LLC Acquires New Position in Eventbrite, Inc. $EB

Key Points

• Nuveen LLC has acquired a new position in Eventbrite, Inc. by purchasing 212,223 shares worth approximately $448,000, representing 0.22% of the company's stock.
• Several institutional investors, including Pallas Capital Advisors LLC and Federated Hermes Inc., have increased their holdings in Eventbrite, with institutional investors collectively owning 91.64% of the stock.
• Eventbrite reported a revenue of $72.76 million for the last quarter, exceeding analyst expectations and setting a guidance for FY 2025 earnings per share.

Nuveen LLC purchased a new position in shares of Eventbrite, Inc. (NYSE:EB - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 212,223 shares of the company's stock, valued at approximately $448,000. Nuveen LLC owned 0.22% of Eventbrite as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EB. Wells Fargo & Company MN boosted its stake in Eventbrite by 26.7% in the 4th quarter. Wells Fargo & Company MN now owns 38,264 shares of the company's stock worth $129,000 after purchasing an additional 8,070 shares during the period. Dimensional Fund Advisors LP boosted its stake in Eventbrite by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 682,718 shares of the company's stock worth $2,294,000 after purchasing an additional 18,675 shares during the period. MetLife Investment Management LLC boosted its stake in Eventbrite by 56.5% in the 4th quarter. MetLife Investment Management LLC now owns 35,086 shares of the company's stock worth $118,000 after purchasing an additional 12,662 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Eventbrite by 9.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company's stock worth $209,000 after purchasing an additional 5,114 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in Eventbrite in the 4th quarter worth about $669,000. Institutional investors own 91.64% of the company's stock.

Analyst Ratings Changes

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

Eventbrite Price Performance

Shares of NYSE:EB traded up $0.01 on Friday, hitting $2.63. The company's stock had a trading volume of 462,848 shares, compared to its average volume of 689,010. The company has a 50-day simple moving average of $2.56 and a 200 day simple moving average of $2.42. Eventbrite, Inc. has a 1 year low of $1.80 and a 1 year high of $4.12. The company has a market capitalization of $253.31 million, a PE ratio of -11.93 and a beta of 2.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.51 and a quick ratio of 1.51.

Eventbrite (NYSE:EB - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.06. Eventbrite had a negative return on equity of 11.91% and a negative net margin of 6.93%.The firm had revenue of $72.76 million for the quarter, compared to analysts' expectations of $71.67 million. Eventbrite has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast 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.