272 Capital LP Purchases New Position in Eventbrite, Inc. (NYSE:EB)

272 Capital LP acquired a new position in shares of Eventbrite, Inc. (NYSE:EB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 93,228 shares of the company’s stock, valued at approximately $255,000. 272 Capital LP owned approximately 0.10% of Eventbrite at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EB. Whetstone Capital Advisors LLC boosted its stake 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 valued at $3,911,000 after purchasing an additional 612,173 shares in the last quarter. Acadian Asset Management LLC boosted its position 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 period. Dynamic Technology Lab Private Ltd bought a new stake in Eventbrite during the 3rd quarter worth approximately $756,000. Nantahala Capital Management LLC acquired a new position in Eventbrite in the 2nd quarter valued at approximately $7,744,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Eventbrite by 46.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company’s stock valued at $1,300,000 after acquiring an additional 149,934 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Eventbrite Price Performance

NYSE:EB opened at $3.63 on Friday. Eventbrite, Inc. has a 52 week low of $2.51 and a 52 week high of $9.20. The firm’s fifty day moving average is $3.33 and its 200-day moving average is $3.82. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Eventbrite has an average rating of “Hold” and an average target price of $6.58.

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.