Eventbrite, Inc. (NYSE:EB) Receives $6.58 Average Target Price from Analysts

Shares of Eventbrite, Inc. (NYSE:EB) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $6.58.

Separately, BWS Financial restated a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a report on Wednesday, November 13th.

Eventbrite Price Performance

Shares of Eventbrite stock opened at $3.67 on Friday. The business’s fifty day moving average price is $3.24 and its 200 day moving average price is $3.83. Eventbrite has a twelve month low of $2.51 and a twelve month high of $9.20. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $355.55 million, a P/E ratio of -40.78 and a beta of 2.27.

Insider Activity at Eventbrite

In other news, CFO Charles Baker sold 20,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,903,300.56. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 21.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in shares of Eventbrite during the 1st quarter valued at about $102,000. SG Americas Securities LLC acquired a new position in shares of Eventbrite in the second quarter worth about $124,000. Waypoint Wealth Partners Inc. purchased a new position in shares of Eventbrite in the second quarter worth approximately $171,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Eventbrite by 24.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock valued at $140,000 after acquiring an additional 5,664 shares during the period. Finally, Rhumbline Advisers grew its position in Eventbrite by 3.5% during the 2nd quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock worth $544,000 after purchasing an additional 3,829 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

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.