Eventbrite, Inc. (NYSE:EB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Eventbrite, Inc. (NYSE:EB) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $5.40.

A number of equities analysts have recently commented on the stock. B. Riley restated a “neutral” rating and issued a $3.50 price objective (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. BWS Financial reissued a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a report on Monday, March 3rd.

Eventbrite Stock Performance

NYSE:EB opened at $2.18 on Tuesday. The business’s fifty day moving average is $2.93 and its 200 day moving average is $3.16. The firm has a market cap of $205.82 million, a price-to-earnings ratio of -24.17 and a beta of 2.24. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. Eventbrite has a 52-week low of $2.11 and a 52-week high of $5.98.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Nantahala Capital Management LLC boosted its position in Eventbrite by 76.5% during the 4th quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock valued at $19,928,000 after buying an additional 2,569,747 shares during the period. Winslow Capital Management LLC purchased a new stake in shares of Eventbrite during the fourth quarter worth about $7,962,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Eventbrite by 6.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,343,284 shares of the company’s stock worth $7,873,000 after purchasing an additional 145,846 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Eventbrite by 24.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,016,634 shares of the company’s stock worth $6,776,000 after purchasing an additional 393,964 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Eventbrite by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,778,279 shares of the company’s stock valued at $5,977,000 after purchasing an additional 11,135 shares during the period. Hedge funds and other 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.