Dynamic Technology Lab Private Ltd Takes Position in Eventbrite, Inc. (NYSE:EB)

Dynamic Technology Lab Private Ltd bought a new stake in Eventbrite, Inc. (NYSE:EB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 276,936 shares of the company’s stock, valued at approximately $756,000.

Other hedge funds also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Eventbrite by 30.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 155,958 shares of the company’s stock valued at $855,000 after purchasing an additional 36,550 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 1,102,809 shares in the last quarter. Nantahala Capital Management LLC purchased a new stake in shares of Eventbrite in the second quarter valued at $7,744,000. Algert Global LLC lifted its holdings in shares of Eventbrite by 54.4% in the second quarter. Algert Global LLC now owns 575,688 shares of the company’s stock valued at $2,786,000 after purchasing an additional 202,763 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Eventbrite by 46.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company’s stock valued at $1,300,000 after purchasing an additional 149,934 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EB shares. Piper Sandler downgraded shares of Eventbrite from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $9.00 to $4.00 in a research note on Friday, August 9th. Truist Financial downgraded shares of Eventbrite from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. B. Riley dropped their price target on shares of Eventbrite from $10.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. BWS Financial reaffirmed a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a research note on Wednesday, November 13th. Finally, KeyCorp downgraded shares of Eventbrite from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.58.

Insiders Place Their Bets

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.03, for a total transaction of $60,600.00. Following the transaction, the chief financial officer now directly owns 628,152 shares of the company’s stock, valued at $1,903,300.56. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 21.46% of the company’s stock.

Eventbrite Trading Down 1.3 %

Eventbrite stock opened at $3.68 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $356.52 million, a price-to-earnings ratio of -40.89 and a beta of 2.29. Eventbrite, Inc. has a one year low of $2.51 and a one year high of $9.20. The company’s fifty day moving average price is $3.12 and its two-hundred day moving average price is $3.92.

Eventbrite 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.