Dynamic Technology Lab Private Ltd Buys Shares of 276,936 Eventbrite, Inc. (NYSE:EB)

Dynamic Technology Lab Private Ltd bought a new stake in Eventbrite, Inc. (NYSE:EB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 276,936 shares of the company’s stock, valued at approximately $756,000. Dynamic Technology Lab Private Ltd owned 0.29% of Eventbrite as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Quadrature Capital Ltd acquired a new position in shares of Eventbrite during the first quarter worth approximately $64,000. Harbor Capital Advisors Inc. boosted its position in shares of Eventbrite by 54.8% during the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock worth $64,000 after buying an additional 8,307 shares during the period. Intech Investment Management LLC acquired a new position in shares of Eventbrite during the third quarter worth approximately $70,000. US Bancorp DE boosted its position in shares of 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 buying an additional 19,919 shares during the period. Finally, Covestor Ltd boosted its position in shares of Eventbrite by 68.3% during the third quarter. Covestor Ltd now owns 33,220 shares of the company’s stock worth $91,000 after buying an additional 13,483 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Eventbrite

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 628,152 shares of the company’s stock, valued at approximately $1,903,300.56. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.46% of the stock is owned by corporate insiders.

Eventbrite Price Performance

Shares of NYSE:EB opened at $3.68 on Friday. The stock has a market cap of $356.52 million, a price-to-earnings ratio of -40.89 and a beta of 2.29. Eventbrite, Inc. has a 12 month low of $2.51 and a 12 month high of $9.20. The stock’s 50 day moving average price is $3.12 and its 200 day moving average price is $3.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56.

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.