Eventbrite’s (EB) “Buy” Rating Reiterated at BWS Financial

BWS Financial reiterated their buy rating on shares of Eventbrite (NYSE:EB) in a report issued on Monday,Benzinga reports. The brokerage currently has a $7.00 target price on the stock.

Separately, B. Riley reaffirmed a “neutral” rating and set a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Eventbrite has an average rating of “Hold” and an average price target of $5.40.

Eventbrite Trading Down 4.4 %

NYSE:EB opened at $2.49 on Monday. 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’s 50 day moving average is $3.35 and its two-hundred day moving average is $3.27. Eventbrite has a 52 week low of $2.23 and a 52 week high of $6.02. The company has a market cap of $240.75 million, a PE ratio of -27.61 and a beta of 2.24.

Insider Activity at Eventbrite

In related news, COO Charles Baker sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 617,487 shares in the company, valued at $2,192,078.85. The trade was a 3.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 21.46% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EB. Quantbot Technologies LP acquired a new position in Eventbrite during the 3rd quarter valued at approximately $25,000. Pallas Capital Advisors LLC acquired a new position in Eventbrite during the 4th quarter valued at approximately $37,000. Paloma Partners Management Co acquired a new position in Eventbrite during the 3rd quarter valued at approximately $44,000. RPO LLC acquired a new position in Eventbrite during the 4th quarter valued at approximately $55,000. Finally, Harbor Capital Advisors Inc. boosted its position in Eventbrite by 54.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock valued at $64,000 after purchasing an additional 8,307 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.