Brokerages Set Eventbrite, Inc. (NYSE:EB) Price Target at $6.58

Eventbrite, Inc. (NYSE:EB) has been given an average rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $6.58.

Separately, BWS Financial reaffirmed a “buy” rating and set a $7.00 price target on shares of Eventbrite in a report on Wednesday, November 13th.

Insider Buying and Selling

In other Eventbrite news, COO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction on Friday, December 13th. The shares were sold at an average price of $3.55, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 21.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EB. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Eventbrite by 24.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock worth $140,000 after acquiring an additional 5,664 shares in the last quarter. Rhumbline Advisers increased its position 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 during the last quarter. Acadian Asset Management LLC increased its position in Eventbrite by 125.9% in the second quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock worth $9,573,000 after purchasing an additional 1,102,809 shares during the last quarter. XTX Topco Ltd raised its stake in Eventbrite by 350.8% during the second quarter. XTX Topco Ltd now owns 97,125 shares of the company’s stock valued at $470,000 after purchasing an additional 75,582 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Eventbrite by 122.2% during the second quarter. Sei Investments Co. now owns 256,031 shares of the company’s stock valued at $1,239,000 after purchasing an additional 140,794 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Up 2.2 %

EB stock opened at $3.67 on Tuesday. The business’s 50-day moving average price is $3.53 and its 200-day moving average price is $3.64. The stock has a market cap of $355.55 million, a P/E ratio of -40.78 and a beta of 2.26. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite has a twelve month low of $2.51 and a twelve month high of $9.20.

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.