Palogic Value Management L.P. Acquires 275,000 Shares of 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. grew its holdings in Eventbrite, Inc. (NYSE:EB - Free Report) by 45.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 875,000 shares of the company's stock after acquiring an additional 275,000 shares during the period. Palogic Value Management L.P. owned 0.92% of Eventbrite worth $1,846,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EB. Pallas Capital Advisors LLC grew its position in Eventbrite by 52.2% in the first quarter. Pallas Capital Advisors LLC now owns 16,928 shares of the company's stock worth $36,000 after acquiring an additional 5,803 shares in the last quarter. CHICAGO TRUST Co NA acquired a new position in Eventbrite during the 1st quarter valued at $44,000. Great Lakes Advisors LLC acquired a new position in Eventbrite during the 1st quarter valued at $44,000. Federated Hermes Inc. acquired a new position in Eventbrite during the 1st quarter valued at $52,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Eventbrite during the 4th quarter valued at $66,000. 91.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Morgan Stanley set a $2.70 target price on shares of Eventbrite in a research note 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $4.40.

Eventbrite Trading Up 4.0%

Shares of EB stock opened at $2.74 on Tuesday. 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 $263.93 million, a price-to-earnings ratio of -12.43 and a beta of 2.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a fifty day moving average of $2.56 and a 200-day moving average of $2.41.

Eventbrite (NYSE:EB - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $71.67 million. Eventbrite has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast 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.

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