RBF Capital LLC Sells 50,000 Shares of Eventbrite, Inc. (NYSE:EB)

RBF Capital LLC reduced its stake in Eventbrite, Inc. (NYSE:EB) by 72.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,270 shares of the company’s stock after selling 50,000 shares during the quarter. RBF Capital LLC’s holdings in Eventbrite were worth $53,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Eventbrite in the 3rd quarter worth $25,000. Paloma Partners Management Co purchased a new stake in Eventbrite in the 3rd quarter worth $44,000. Harbor Capital Advisors Inc. increased its stake in Eventbrite by 54.8% in the 3rd 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 in the last quarter. Intech Investment Management LLC purchased a new stake in Eventbrite in the 3rd quarter worth $70,000. Finally, US Bancorp DE increased its stake in Eventbrite by 327.3% in the 3rd quarter. US Bancorp DE now owns 26,004 shares of the company’s stock worth $71,000 after buying an additional 19,919 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction dated 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 approximately $1,903,300.56. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 21.46% of the stock is currently owned by company insiders.

Eventbrite Trading Down 6.5 %

Shares of Eventbrite stock opened at $3.61 on Friday. The firm has a market cap of $349.74 million, a price-to-earnings ratio of -40.11 and a beta of 2.27. Eventbrite, Inc. has a twelve month low of $2.51 and a twelve month high of $9.20. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The business has a 50-day moving average price of $3.22 and a 200-day moving average price of $3.86.

Eventbrite 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.