Eventbrite, Inc. (NYSE:EB) Shares Bought by Whetstone Capital Advisors LLC

Whetstone Capital Advisors LLC increased its position in Eventbrite, Inc. (NYSE:EB) by 74.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,432,555 shares of the company’s stock after buying an additional 612,173 shares during the quarter. Eventbrite comprises approximately 1.9% of Whetstone Capital Advisors LLC’s holdings, making the stock its 20th largest position. Whetstone Capital Advisors LLC owned approximately 1.49% of Eventbrite worth $3,911,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Eventbrite by 3.5% in the 2nd quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock valued at $544,000 after purchasing an additional 3,829 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Eventbrite by 24.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock worth $140,000 after buying an additional 5,664 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Eventbrite by 54.8% during the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock valued at $64,000 after acquiring an additional 8,307 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Eventbrite in the 1st quarter valued at approximately $64,000. Finally, Covestor Ltd raised its stake in Eventbrite by 68.3% during the 3rd quarter. Covestor Ltd now owns 33,220 shares of the company’s stock valued at $91,000 after purchasing an additional 13,483 shares during the period. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

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

Eventbrite Stock Performance

Eventbrite stock opened at $3.61 on Monday. The business’s 50-day simple moving average is $3.08 and its 200 day simple moving average is $3.95. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite, Inc. has a 12-month low of $2.51 and a 12-month high of $9.20.

Insider Buying and Selling

In related news, CFO Charles Baker sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.03, for a total transaction of $60,600.00. Following the completion of the transaction, the chief financial officer now directly owns 628,152 shares of the company’s stock, valued at approximately $1,903,300.56. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 21.46% of the stock is currently owned by company insiders.

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.