Jacobs Levy Equity Management Inc. Has $7.87 Million Position in Eventbrite, Inc. (NYSE:EB)

Jacobs Levy Equity Management Inc. increased its position in shares of Eventbrite, Inc. (NYSE:EB - Free Report) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,343,284 shares of the company's stock after purchasing an additional 145,846 shares during the quarter. Jacobs Levy Equity Management Inc. owned 2.42% of Eventbrite worth $7,873,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC bought a new stake in shares of Eventbrite during the fourth quarter valued at approximately $37,000. RPO LLC acquired a new stake in shares of Eventbrite in the 4th quarter worth approximately $55,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Eventbrite during the fourth quarter valued at approximately $66,000. EntryPoint Capital LLC bought a new stake in Eventbrite during the fourth quarter worth approximately $67,000. Finally, WINTON GROUP Ltd bought a new stake in Eventbrite during the fourth quarter worth approximately $78,000. Institutional investors and hedge funds own 91.64% of the company's stock.

Analyst Ratings Changes

EB has been the topic of several research analyst reports. B. Riley reiterated a "neutral" rating and set a $3.50 price target (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. BWS Financial reaffirmed a "buy" rating and set a $7.00 target price on shares of Eventbrite in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.25.

Eventbrite Stock Performance

EB traded down $0.05 during trading on Monday, hitting $2.31. The stock had a trading volume of 127,257 shares, compared to its average volume of 1,442,846. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. The company has a 50 day simple moving average of $2.18 and a 200-day simple moving average of $2.97. The firm has a market cap of $218.12 million, a PE ratio of -25.61 and a beta of 2.02. Eventbrite, Inc. has a 12 month low of $1.81 and a 12 month high of $5.92.

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. 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 for the quarter, compared to analyst estimates of $72.88 million. Analysts expect that Eventbrite, Inc. will post -0.12 EPS for the current 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.