Susquehanna Fundamental Investments LLC Acquires Shares of 350,989 Eventbrite, Inc. (NYSE:EB)

Susquehanna Fundamental Investments LLC bought a new position in Eventbrite, Inc. (NYSE:EB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 350,989 shares of the company's stock, valued at approximately $1,179,000. Susquehanna Fundamental Investments LLC owned 0.36% of Eventbrite at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pallas Capital Advisors LLC acquired a new stake in shares of Eventbrite during the 4th quarter valued at about $37,000. RPO LLC acquired a new stake in Eventbrite during the fourth quarter valued at approximately $55,000. EntryPoint Capital LLC bought a new stake in shares of Eventbrite in the 4th quarter valued at approximately $67,000. WINTON GROUP Ltd acquired a new position in shares of Eventbrite in the 4th quarter worth approximately $78,000. Finally, Intech Investment Management LLC lifted its position 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 buying an additional 6,842 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Eventbrite Trading Up 1.2 %

EB traded up $0.03 during mid-day trading on Wednesday, reaching $2.14. The stock had a trading volume of 92,909 shares, compared to its average volume of 1,450,552. The stock has a market capitalization of $202.03 million, a P/E ratio of -23.72 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 debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The firm's fifty day simple moving average is $2.19 and its two-hundred day simple moving average is $3.01.

Analysts Set New Price Targets

EB has been the subject of several recent analyst reports. BWS Financial reiterated a "buy" rating and set a $7.00 price objective on shares of Eventbrite in a research note on Monday, April 14th. 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 report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Eventbrite currently has an average rating of "Hold" and a consensus target price of $5.25.

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.