Eventbrite, Inc. (NYSE:EB) Shares Bought by State Street Corp

State Street Corp grew its position in Eventbrite, Inc. (NYSE:EB) by 1.9% in the third quarter, Holdings Channel.com reports. The fund owned 1,758,915 shares of the company’s stock after buying an additional 32,210 shares during the period. State Street Corp’s holdings in Eventbrite were worth $4,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. grew its holdings in shares of Eventbrite by 22.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock valued at $5,999,000 after purchasing an additional 405,318 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in Eventbrite by 5.2% during the 3rd quarter. Rice Hall James & Associates LLC now owns 2,174,978 shares of the company’s stock valued at $5,938,000 after purchasing an additional 108,300 shares during the period. 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 buying an additional 1,102,809 shares during the last quarter. Nantahala Capital Management LLC acquired a new stake in Eventbrite in the second quarter worth $7,744,000. Finally, Whetstone Capital Advisors LLC lifted its stake in Eventbrite by 74.6% in the third quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock valued at $3,911,000 after buying an additional 612,173 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Eventbrite Stock Down 4.3 %

Shares of EB stock opened at $3.37 on Monday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $326.49 million, a PE ratio of -37.44 and a beta of 2.27. The business’s fifty day moving average is $3.48 and its 200-day moving average is $3.69. Eventbrite, Inc. has a 1 year low of $2.51 and a 1 year high of $9.20.

Analyst Ratings Changes

Separately, BWS Financial restated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.58.

Insider Activity at Eventbrite

In related news, COO Charles Baker sold 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the completion of the sale, the chief operating officer now directly owns 617,487 shares of the company’s stock, valued at $2,192,078.85. This represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.46% of the company’s stock.

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.