Palogic Value Management L.P. Boosts Position in Eventbrite, Inc. $EB

Key Points

• Palogic Value Management L.P. has increased its stake in Eventbrite, Inc. by 45.8%, acquiring an additional 275,000 shares to reach a total of 875,000 shares, worth approximately $1.85 million.
• Eventbrite's stock recently experienced a 4.0% increase and currently has a market capitalization of $263.93 million, with a consensus target price of $4.40 from analysts.
• The company reported net revenues of $72.76 million for the last quarter, exceeding analysts' expectations, while the stock has a negative net margin of 6.93%.

Palogic Value Management L.P. increased its stake in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 45.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 875,000 shares of the company's stock after acquiring an additional 275,000 shares during the quarter. Palogic Value Management L.P. owned about 0.92% of Eventbrite worth $1,846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EB. Dimensional Fund Advisors LP boosted its position in shares of Eventbrite by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 682,718 shares of the company's stock worth $2,294,000 after acquiring an additional 18,675 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Eventbrite by 9.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company's stock valued at $209,000 after purchasing an additional 5,114 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Eventbrite during the fourth quarter valued at $66,000. Ameriprise Financial Inc. lifted its position in Eventbrite by 4.5% during the fourth quarter. Ameriprise Financial Inc. now owns 237,387 shares of the company's stock valued at $798,000 after purchasing an additional 10,144 shares during the last quarter. Finally, Bridgeway Capital Management LLC bought a new position in Eventbrite during the fourth quarter valued at $504,000. Institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

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

Eventbrite Trading Down 1.5%

Shares of EB traded down $0.04 during midday trading on Friday, hitting $2.71. The stock had a trading volume of 402,328 shares, compared to its average volume of 518,373. Eventbrite, Inc. has a 1 year low of $1.80 and a 1 year high of $4.12. The firm has a market cap of $261.52 million, a PE ratio of -12.32 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. The stock's 50 day moving average is $2.56 and its 200 day moving average is $2.41.

Eventbrite (NYSE:EB - Get Free Report) last announced its 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 net margin of 6.93% and a negative return on equity of 11.91%. The business had revenue of $72.76 million for 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, analysts forecast that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.

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.