Analysts Set Eventbrite, Inc. (NYSE:EB) PT at $6.58

Shares of Eventbrite, Inc. (NYSE:EB) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.58.

A number of analysts recently issued reports on the stock. Truist Financial downgraded shares of Eventbrite from a “buy” rating to a “hold” rating in a report on Friday, August 9th. B. Riley decreased their price target 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. KeyCorp downgraded Eventbrite from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 9th. Piper Sandler downgraded Eventbrite from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $9.00 to $4.00 in a research report on Friday, August 9th. Finally, BWS Financial reaffirmed a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research report on Wednesday.

Insider Buying and Selling at Eventbrite

In related news, CTO Vivek Sagi sold 75,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $3.44, for a total transaction of $258,000.00. Following the sale, the chief technology officer now owns 495,464 shares of the company’s stock, valued at approximately $1,704,396.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 628,152 shares of the company’s stock, valued at $1,903,300.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Vivek Sagi sold 75,000 shares of the company’s stock in a transaction 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 transaction, the chief technology officer now directly owns 495,464 shares in the company, valued at approximately $1,704,396.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.46% of the company’s stock.

Hedge Funds Weigh In On Eventbrite

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EB. Quantbot Technologies LP bought a new position in shares of Eventbrite in the 3rd quarter worth $25,000. Quadrature Capital Ltd purchased a new position in Eventbrite in the first quarter worth $64,000. Harbor Capital Advisors Inc. increased its stake in Eventbrite by 54.8% in the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock valued at $64,000 after acquiring an additional 8,307 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Eventbrite during the third quarter valued at about $70,000. Finally, US Bancorp DE lifted its stake in Eventbrite by 327.3% during the third quarter. US Bancorp DE now owns 26,004 shares of the company’s stock worth $71,000 after purchasing an additional 19,919 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Eventbrite Trading Down 1.2 %

Shares of Eventbrite stock opened at $3.60 on Monday. The firm has a market cap of $345.48 million, a PE ratio of -39.94 and a beta of 2.29. Eventbrite has a 1 year low of $2.51 and a 1 year high of $9.20. 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 stock has a fifty day moving average price of $3.00 and a 200-day moving average price of $4.05.

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.