Eventbrite, Inc. (NYSE:EB) Given Average Recommendation of “Hold” by Brokerages

Eventbrite, Inc. (NYSE:EB) has been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $6.58.

Separately, BWS Financial reaffirmed a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research note on Wednesday, November 13th.

Eventbrite Stock Performance

Shares of NYSE EB opened at $3.57 on Tuesday. Eventbrite has a 1 year low of $2.51 and a 1 year high of $9.20. The firm has a market cap of $345.87 million, a P/E ratio of -39.67 and a beta of 2.26. The stock has a fifty day moving average price of $3.54 and a two-hundred day moving average price of $3.62. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56.

Insider Transactions at Eventbrite

In other Eventbrite news, COO Charles Baker sold 20,000 shares of the company’s stock in a transaction dated 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 approximately $2,192,078.85. This represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 21.46% of the company’s stock.

Institutional Investors Weigh In On Eventbrite

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in Eventbrite in the 3rd quarter worth approximately $25,000. Paloma Partners Management Co acquired a new stake in shares of Eventbrite in the third quarter worth $44,000. Harbor Capital Advisors Inc. boosted its position in shares of Eventbrite by 54.8% in the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock worth $64,000 after buying an additional 8,307 shares during the period. Intech Investment Management LLC purchased a new position in shares of Eventbrite during the third quarter valued at $70,000. Finally, US Bancorp DE raised its position in Eventbrite by 327.3% during the third quarter. US Bancorp DE now owns 26,004 shares of the company’s stock valued at $71,000 after buying an additional 19,919 shares during the period. Institutional investors and hedge funds 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.