Eventbrite, Inc. (NYSE:EB) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 46.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 476,033 shares of the company’s stock after purchasing an additional 149,934 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.50% of Eventbrite worth $1,300,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EB. Teachers Retirement System of The State of Kentucky lifted its position in shares of Eventbrite by 30.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 155,958 shares of the company’s stock valued at $855,000 after buying an additional 36,550 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Eventbrite by 125.9% during the second 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 in the last quarter. Sei Investments Co. grew its position in shares of Eventbrite by 597.8% in the first quarter. Sei Investments Co. now owns 115,237 shares of the company’s stock valued at $632,000 after purchasing an additional 98,723 shares during the period. Nantahala Capital Management LLC purchased a new stake in shares of Eventbrite during the second quarter worth about $7,744,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of 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 last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Eventbrite Stock Up 1.2 %

NYSE EB opened at $3.74 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite, Inc. has a 52 week low of $2.51 and a 52 week high of $9.20. The business’s fifty day simple moving average is $3.09 and its 200-day simple moving average is $3.93. The firm has a market cap of $361.85 million, a PE ratio of -41.50 and a beta of 2.29.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. B. Riley lowered their price objective on Eventbrite from $10.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Piper Sandler cut Eventbrite from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $9.00 to $4.00 in a research report on Friday, August 9th. Truist Financial lowered Eventbrite from a “buy” rating to a “hold” rating in a report on Friday, August 9th. BWS Financial reaffirmed a “buy” rating and set a $7.00 target price on shares of Eventbrite in a report on Wednesday, November 13th. Finally, KeyCorp downgraded shares of Eventbrite from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Eventbrite currently has an average rating of “Hold” and a consensus target price of $6.58.

Insiders Place Their Bets

In other Eventbrite 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 owns 628,152 shares of the company’s stock, valued at $1,903,300.56. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.46% of the stock is owned by insiders.

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.