Eventbrite, Inc. (NYSE:EB) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its position in shares of Eventbrite, Inc. (NYSE:EB) by 62.1% in the second quarter, HoldingsChannel.com reports. The fund owned 190,384 shares of the company’s stock after selling 312,146 shares during the period. AQR Capital Management LLC’s holdings in Eventbrite were worth $921,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. grew its stake in shares of Eventbrite by 47.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,267,900 shares of the company’s stock worth $28,868,000 after acquiring an additional 1,700,600 shares in the last quarter. Acadian Asset Management LLC grew its stake in Eventbrite by 125.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock worth $9,573,000 after purchasing an additional 1,102,809 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Eventbrite by 674.1% during 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 period. Wellington Management Group LLP raised its position in Eventbrite by 19.2% in 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 in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Eventbrite by 1,793.8% in the 1st quarter. GSA Capital Partners LLP now owns 224,109 shares of the company’s stock valued at $1,228,000 after buying an additional 212,275 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.03, for a total value of $60,600.00. Following the transaction, the chief financial officer now directly owns 628,152 shares of the company’s stock, valued at $1,903,300.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Eventbrite news, CTO Vivek Sagi sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $3.44, for a total transaction of $258,000.00. Following the completion of the sale, the chief technology officer now directly owns 495,464 shares of the company’s stock, valued at $1,704,396.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Charles Baker sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.03, for a total value of $60,600.00. Following the sale, the chief financial officer now directly owns 628,152 shares of the company’s stock, valued at $1,903,300.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.46% of the stock is currently owned by company insiders.

Eventbrite Trading Down 1.5 %

Shares of Eventbrite stock opened at $2.67 on Friday. The company has a fifty day simple moving average of $3.06 and a 200-day simple moving average of $4.41. Eventbrite, Inc. has a 12-month low of $2.51 and a 12-month high of $9.32. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 2.04. The stock has a market cap of $259.30 million, a price-to-earnings ratio of -14.05 and a beta of 2.32.

Eventbrite (NYSE:EB) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating 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 company had revenue of $84.55 million during the quarter, compared to the consensus estimate of $86.15 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. On average, equities analysts forecast that Eventbrite, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EB shares. BWS Financial restated a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research note on Thursday, October 3rd. Piper Sandler downgraded shares of Eventbrite from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $9.00 to $4.00 in a research report on Friday, August 9th. KeyCorp cut shares of Eventbrite from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 9th. B. Riley lowered their target price on shares of Eventbrite from $10.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Truist Financial cut Eventbrite from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Eventbrite presently has a consensus rating of “Hold” and an average target price of $6.58.

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.