Two Sigma Advisers LP Raises Stake in Eventbrite, Inc. (NYSE:EB)

Two Sigma Advisers LP increased its stake in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 58.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,312,100 shares of the company's stock after acquiring an additional 484,800 shares during the quarter. Two Sigma Advisers LP owned about 1.35% of Eventbrite worth $4,409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nantahala Capital Management LLC increased its position in shares of Eventbrite by 76.5% during the fourth quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company's stock worth $19,928,000 after purchasing an additional 2,569,747 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in Eventbrite in the 4th quarter valued at $7,962,000. Jacobs Levy Equity Management Inc. raised its position in Eventbrite by 6.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,343,284 shares of the company's stock valued at $7,873,000 after purchasing an additional 145,846 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Eventbrite by 24.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,016,634 shares of the company's stock worth $6,776,000 after purchasing an additional 393,964 shares during the period. Finally, Geode Capital Management LLC grew its position in Eventbrite by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,778,279 shares of the company's stock worth $5,977,000 after purchasing an additional 11,135 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Eventbrite Stock Performance

Eventbrite stock traded up $0.02 during trading hours on Friday, reaching $2.40. 145,581 shares of the stock were exchanged, compared to its average volume of 1,419,713. Eventbrite, Inc. has a 52-week low of $1.81 and a 52-week high of $5.92. The stock has a market cap of $226.64 million, a P/E ratio of -26.72 and a beta of 2.02. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The firm's 50 day moving average is $2.18 and its 200 day moving average is $2.91.

Eventbrite (NYSE:EB - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. The firm had revenue of $73.83 million during the quarter, compared to analysts' expectations of $72.88 million. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. Analysts predict that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.