Circumference Group LLC Has $645,000 Stake in Eventbrite, Inc. (NYSE:EB)

Circumference Group LLC decreased its stake in Eventbrite, Inc. (NYSE:EB) by 53.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,155 shares of the company’s stock after selling 274,000 shares during the period. Eventbrite accounts for about 0.7% of Circumference Group LLC’s holdings, making the stock its 25th biggest holding. Circumference Group LLC owned 0.25% of Eventbrite worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in EB. Teachers Retirement System of The State of Kentucky raised its stake in 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 worth $855,000 after buying an additional 36,550 shares during the period. Whetstone Capital Advisors LLC raised its position in shares of Eventbrite by 74.6% during the third quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock worth $3,911,000 after purchasing an additional 612,173 shares during the period. Acadian Asset Management LLC raised its position in shares of Eventbrite by 125.9% during the second quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock worth $9,573,000 after purchasing an additional 1,102,809 shares during the period. Nantahala Capital Management LLC bought a new position in shares of Eventbrite in the 2nd quarter worth $7,744,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Eventbrite in the 3rd quarter valued at $756,000. 91.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EB has been the topic of several research reports. B. Riley lowered their price objective on shares of Eventbrite from $10.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Piper Sandler lowered shares of Eventbrite from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $9.00 to $4.00 in a report on Friday, August 9th. Truist Financial downgraded Eventbrite from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. KeyCorp downgraded Eventbrite from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 9th. Finally, BWS Financial restated a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Eventbrite presently has an average rating of “Hold” and a consensus price target of $6.58.

Insiders Place Their Bets

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 completion of the transaction, the chief financial officer now owns 628,152 shares in the company, valued at $1,903,300.56. This represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.46% of the company’s stock.

Eventbrite Stock Down 4.3 %

Eventbrite stock opened at $3.52 on Monday. Eventbrite, Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $9.20. 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 firm’s 50-day simple moving average is $3.15 and its 200 day simple moving average is $3.89. The stock has a market cap of $341.02 million, a PE ratio of -39.11 and a beta of 2.29.

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.