Susquehanna Fundamental Investments LLC Acquires New Position in Eventbrite, Inc. (NYSE:EB)

Susquehanna Fundamental Investments LLC purchased a new position in Eventbrite, Inc. (NYSE:EB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 350,989 shares of the company's stock, valued at approximately $1,179,000. Susquehanna Fundamental Investments LLC owned approximately 0.36% of Eventbrite 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 EB. Winslow Capital Management LLC purchased a new stake in shares of Eventbrite in the fourth quarter valued at about $7,962,000. Alliancebernstein L.P. grew its stake in shares of Eventbrite by 550.0% in the 4th quarter. Alliancebernstein L.P. now owns 503,750 shares of the company's stock valued at $1,693,000 after buying an additional 426,250 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Eventbrite by 181.3% during the 4th quarter. JPMorgan Chase & Co. now owns 399,507 shares of the company's stock worth $1,342,000 after buying an additional 257,462 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Eventbrite by 48.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 708,386 shares of the company's stock valued at $2,380,000 after acquiring an additional 232,353 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Eventbrite in the fourth quarter worth approximately $363,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EB shares. B. Riley reiterated a "neutral" rating and set a $3.50 price target (down from $5.00) on shares of Eventbrite in a report on Friday, February 28th. BWS Financial reiterated a "buy" rating and set a $7.00 price target on shares of Eventbrite in a research report on Monday, April 14th. Five 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, the company presently has a consensus rating of "Hold" and a consensus price target of $5.25.

Eventbrite Trading Up 0.5 %

Eventbrite stock traded up $0.01 during midday trading on Monday, reaching $2.15. 405,359 shares of the stock traded hands, compared to its average volume of 1,461,984. 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 firm has a market cap of $203.45 million, a PE ratio of -23.89 and a beta of 2.02. The company has a 50-day simple moving average of $2.23 and a two-hundred day simple moving average of $3.02. Eventbrite, Inc. has a 12-month low of $1.81 and a 12-month high of $5.92.

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.