Tudor Investment Corp ET AL Acquires Shares of 199,183 Eventbrite, Inc. (NYSE:EB)

Tudor Investment Corp ET AL acquired a new stake in Eventbrite, Inc. (NYSE:EB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 199,183 shares of the company's stock, valued at approximately $669,000. Tudor Investment Corp ET AL owned approximately 0.21% of Eventbrite as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Pallas Capital Advisors LLC bought a new stake in shares of Eventbrite during the fourth quarter valued at approximately $37,000. RPO LLC bought a new stake in Eventbrite during the 4th quarter valued at $55,000. EntryPoint Capital LLC acquired a new position in Eventbrite during the fourth quarter worth $67,000. WINTON GROUP Ltd bought a new position in shares of Eventbrite in the fourth quarter valued at $78,000. Finally, Intech Investment Management LLC increased its position in shares of Eventbrite by 26.6% during the fourth quarter. Intech Investment Management LLC now owns 32,601 shares of the company's stock worth $110,000 after acquiring an additional 6,842 shares in the last quarter. Institutional investors own 91.64% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on EB shares. BWS Financial reaffirmed a "buy" rating and issued a $7.00 price target on shares of Eventbrite in a research report on Monday, April 14th. B. Riley reaffirmed 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.25.

Eventbrite Stock Up 7.3 %

NYSE:EB traded up $0.17 on Friday, hitting $2.49. The stock had a trading volume of 1,859,371 shares, compared to its average volume of 1,456,014. Eventbrite, Inc. has a 1 year low of $1.81 and a 1 year high of $5.92. The firm's fifty day simple moving average is $2.18 and its two-hundred day simple moving average is $3.00. 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 stock has a market cap of $235.63 million, a P/E ratio of -27.67 and a beta of 2.02.

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

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.