Eventbrite, Inc. (NYSE:EB) Shares Sold by Palogic Value Management L.P.

Palogic Value Management L.P. reduced its stake in Eventbrite, Inc. (NYSE:EB - Free Report) by 42.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 600,000 shares of the company's stock after selling 450,000 shares during the quarter. Palogic Value Management L.P. owned approximately 0.63% of Eventbrite worth $2,016,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EB. US Bancorp DE grew its holdings in shares of Eventbrite by 53.9% during the 4th quarter. US Bancorp DE now owns 40,011 shares of the company's stock worth $134,000 after purchasing an additional 14,007 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Eventbrite by 550.0% during the 4th quarter. Alliancebernstein L.P. now owns 503,750 shares of the company's stock worth $1,693,000 after purchasing an additional 426,250 shares during the period. Savant Capital LLC grew its holdings in shares of Eventbrite by 76.6% during the 4th quarter. Savant Capital LLC now owns 37,590 shares of the company's stock worth $126,000 after purchasing an additional 16,310 shares during the period. Intech Investment Management LLC grew its holdings in shares of Eventbrite by 26.6% during the 4th quarter. Intech Investment Management LLC now owns 32,601 shares of the company's stock worth $110,000 after purchasing an additional 6,842 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Eventbrite by 18.5% during the 4th quarter. SG Americas Securities LLC now owns 89,012 shares of the company's stock worth $299,000 after purchasing an additional 13,882 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Eventbrite Stock Down 0.8%

EB stock traded down $0.02 during trading on Friday, hitting $2.36. 525,691 shares of the company's stock were exchanged, compared to its average volume of 1,419,845. The business has a 50-day moving average price of $2.18 and a two-hundred day moving average price of $2.89. The stock has a market capitalization of $223.32 million, a price-to-earnings ratio of -26.22 and a beta of 2.02. Eventbrite, Inc. has a 52-week low of $1.81 and a 52-week high of $5.92. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34.

Eventbrite (NYSE:EB - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, beating 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 company had revenue of $73.83 million during the quarter, compared to analysts' expectations of $72.88 million. As a group, equities research analysts expect that Eventbrite, Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BWS Financial reiterated a "buy" rating and set a $7.00 price target on shares of Eventbrite in a report on Monday, April 14th. B. Riley reaffirmed a "neutral" rating and issued a $3.50 target price (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Eventbrite has a consensus rating of "Hold" and an average price target of $4.83.

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.