Semanteon Capital Management LP Invests $302,000 in Eventbrite, Inc. (NYSE:EB)

Semanteon Capital Management LP bought a new stake in Eventbrite, Inc. (NYSE:EB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,104 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Deepwater Asset Management LLC raised its holdings in shares of Eventbrite by 590.2% during the 3rd quarter. Deepwater Asset Management LLC now owns 499,059 shares of the company’s stock valued at $4,921,000 after purchasing an additional 426,748 shares in the last quarter. Rice Hall James & Associates LLC grew its position in Eventbrite by 12.4% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,623,425 shares of the company’s stock worth $16,007,000 after purchasing an additional 178,475 shares during the last quarter. AlpInvest Partners B.V. bought a new position in shares of Eventbrite during the 3rd quarter worth about $382,000. Capula Management Ltd bought a new stake in shares of Eventbrite in the third quarter valued at about $916,000. Finally, J.P. Morgan Private Wealth Advisors LLC grew its position in Eventbrite by 4.2% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 31,202 shares of the company’s stock worth $308,000 after buying an additional 1,271 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on EB shares. Truist Financial cut their price target on Eventbrite from $17.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Piper Sandler cut their price target on shares of Eventbrite from $13.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Finally, Morgan Stanley cut their target price on Eventbrite from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Eventbrite Stock Performance

Shares of Eventbrite stock opened at $5.38 on Friday. Eventbrite, Inc. has a 12-month low of $5.00 and a 12-month high of $11.90. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.87. The business’s 50 day moving average is $5.94 and its 200-day moving average is $7.31.

Eventbrite (NYSE:EB) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. Eventbrite had a negative return on equity of 14.87% and a negative net margin of 8.12%. The business had revenue of $87.76 million during the quarter, compared to the consensus estimate of $88.45 million. On average, equities research analysts predict that Eventbrite, Inc. will post -0.12 earnings per share for the current year.

Insider Activity at Eventbrite

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $5.52, for a total value of $110,400.00. Following the completion of the sale, the chief financial officer now owns 357,839 shares of the company’s stock, valued at approximately $1,975,271.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.28% of the stock is currently owned by corporate insiders.

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.