Eventbrite, Inc. (NYSE:EB) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP lifted its stake in Eventbrite, Inc. (NYSE:EB - Free Report) by 151.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,228,930 shares of the company's stock after buying an additional 740,717 shares during the period. Two Sigma Investments LP owned approximately 1.27% of Eventbrite worth $4,129,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. RPO LLC purchased a new position in shares of Eventbrite in the 4th quarter valued at $55,000. Mercer Global Advisors Inc. ADV purchased a new position in Eventbrite during the 4th quarter worth $66,000. EntryPoint Capital LLC purchased a new position in Eventbrite during the 4th quarter worth $67,000. ProShare Advisors LLC grew its position in Eventbrite by 47.2% during the 4th quarter. ProShare Advisors LLC now owns 22,392 shares of the company's stock worth $75,000 after purchasing an additional 7,182 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Eventbrite during the 4th quarter worth $78,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EB. B. Riley reissued a "neutral" rating and set a $3.50 price objective (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. BWS Financial reissued a "buy" rating and set a $7.00 price objective on shares of Eventbrite in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Eventbrite currently has a consensus rating of "Hold" and an average price target of $4.83.

Eventbrite Stock Performance

Shares of EB stock traded up $0.12 during mid-day trading on Monday, hitting $2.48. The stock had a trading volume of 1,414,554 shares, compared to its average volume of 1,419,820. Eventbrite, Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.92. The firm has a market cap of $234.68 million, a PE ratio of -27.56 and a beta of 2.02. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The company's 50-day simple moving average is $2.19 and its 200-day simple moving average is $2.88.

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