Eventbrite, Inc. (NYSE:EB) COO Charles Baker Sells 20,000 Shares

Eventbrite, Inc. (NYSE:EB) COO Charles Baker sold 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $3.55, for a total transaction of $71,000.00. Following the sale, the chief operating officer now directly owns 617,487 shares in the company, valued at approximately $2,192,078.85. The trade was a 3.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Eventbrite Stock Performance

Shares of EB stock opened at $3.41 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. Eventbrite, Inc. has a one year low of $2.51 and a one year high of $9.20. The business’s 50 day simple moving average is $3.38 and its 200 day simple moving average is $3.77. The stock has a market capitalization of $330.36 million, a PE ratio of -37.89 and a beta of 2.27.

Analysts Set New Price Targets

Separately, BWS Financial restated a “buy” rating and set a $7.00 price objective 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.58.

Institutional Investors Weigh In On Eventbrite

A number of institutional investors have recently modified their holdings of EB. SG Americas Securities LLC acquired a new stake in Eventbrite during the 2nd quarter worth about $124,000. Waypoint Wealth Partners Inc. bought a new stake in shares of Eventbrite during the 2nd quarter valued at about $171,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Eventbrite by 24.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock worth $140,000 after purchasing an additional 5,664 shares during the period. Rhumbline Advisers increased its holdings in Eventbrite by 3.5% in the second quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock worth $544,000 after purchasing an additional 3,829 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Eventbrite by 125.9% in the second quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock valued at $9,573,000 after buying an additional 1,102,809 shares during the period. 91.64% of the stock is owned by institutional investors.

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.