XTX Topco Ltd Has $470,000 Stock Position in Eventbrite, Inc. (NYSE:EB)

XTX Topco Ltd boosted its position in Eventbrite, Inc. (NYSE:EB) by 350.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 97,125 shares of the company’s stock after acquiring an additional 75,582 shares during the quarter. XTX Topco Ltd’s holdings in Eventbrite were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. increased its position in Eventbrite by 47.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 5,267,900 shares of the company’s stock worth $28,868,000 after buying an additional 1,700,600 shares during the period. Wellington Management Group LLP raised its stake in Eventbrite by 19.2% during the 4th quarter. Wellington Management Group LLP now owns 4,415,760 shares of the company’s stock valued at $36,916,000 after purchasing an additional 710,548 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Eventbrite by 125.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock valued at $9,573,000 after purchasing an additional 1,102,809 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Eventbrite by 674.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 974,327 shares of the company’s stock worth $5,339,000 after purchasing an additional 848,461 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Eventbrite by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 645,464 shares of the company’s stock worth $5,396,000 after purchasing an additional 19,907 shares during the period. Institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EB shares. B. Riley decreased their target price on Eventbrite from $10.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. KeyCorp cut Eventbrite from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 9th. Piper Sandler cut Eventbrite from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $9.00 to $4.00 in a research report on Friday, August 9th. BWS Financial reiterated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research note on Friday, August 9th. Finally, Truist Financial cut shares of Eventbrite from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Eventbrite presently has a consensus rating of “Hold” and a consensus target price of $6.58.

Insider Transactions at Eventbrite

In related news, CFO Charles Baker sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the completion of the sale, the chief financial officer now directly owns 628,152 shares of the company’s stock, valued at approximately $1,903,300.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CTO Vivek Sagi sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $3.44, for a total transaction of $258,000.00. Following the transaction, the chief technology officer now directly owns 495,464 shares in the company, valued at $1,704,396.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Charles Baker sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the completion of the transaction, the chief financial officer now owns 628,152 shares of the company’s stock, valued at approximately $1,903,300.56. The disclosure for this sale can be found here. 21.46% of the stock is owned by company insiders.

Eventbrite Stock Performance

Shares of NYSE:EB opened at $2.84 on Wednesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.95 and a quick ratio of 1.95. The business’s fifty day moving average price is $3.67 and its two-hundred day moving average price is $4.66. Eventbrite, Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $9.96. The stock has a market capitalization of $275.32 million, a price-to-earnings ratio of -14.92 and a beta of 2.33.

Eventbrite (NYSE:EB) last posted its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.07. Eventbrite had a negative net margin of 4.20% and a negative return on equity of 7.82%. The business had revenue of $84.55 million for the quarter, compared to analyst estimates of $86.15 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. As a group, analysts predict that Eventbrite, Inc. will post -0.24 EPS for the current fiscal 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.