Tudor Investment Corp ET AL Makes New Investment in Eventbrite, Inc. (NYSE:EB)

Tudor Investment Corp ET AL bought a new position in Eventbrite, Inc. (NYSE:EB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 199,183 shares of the company's stock, valued at approximately $669,000. Tudor Investment Corp ET AL owned about 0.21% of Eventbrite at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EB. Winslow Capital Management LLC acquired a new position in Eventbrite during the fourth quarter valued at $7,962,000. Alliancebernstein L.P. lifted its holdings 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. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Eventbrite in the fourth quarter worth about $1,179,000. JPMorgan Chase & Co. grew its holdings in Eventbrite by 181.3% during the fourth quarter. JPMorgan Chase & Co. now owns 399,507 shares of the company's stock worth $1,342,000 after acquiring an additional 257,462 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Eventbrite by 48.8% during 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 in the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

Eventbrite Price Performance

NYSE EB traded down $0.03 on Tuesday, hitting $2.48. The company had a trading volume of 377,055 shares, compared to its average volume of 1,449,780. 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 has a market capitalization of $234.68 million, a PE ratio of -27.56 and a beta of 2.02. Eventbrite, Inc. has a 12-month low of $1.81 and a 12-month high of $5.92. The company's fifty day moving average price is $2.18 and its 200-day moving average price is $2.99.

Eventbrite (NYSE:EB - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share 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 firm had revenue of $73.83 million during the quarter, compared to the consensus estimate of $72.88 million. As a group, analysts predict that Eventbrite, Inc. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EB shares. BWS Financial reaffirmed a "buy" rating and set a $7.00 target price on shares of Eventbrite in a report on Monday, April 14th. B. Riley reaffirmed a "neutral" rating and issued a $3.50 price objective (down previously from $5.00) on shares of Eventbrite in a 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's stock. According to MarketBeat, Eventbrite currently has an average rating of "Hold" and a consensus price target of $5.25.

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.