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

Shares of Eventbrite, Inc. (NYSE:EB) have received an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $6.58.

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

Eventbrite Price Performance

Shares of NYSE EB opened at $3.59 on Tuesday. The company has a 50 day moving average of $3.52 and a 200 day moving average of $3.65. 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. The firm has a market cap of $347.80 million, a P/E ratio of -39.89 and a beta of 2.27.

Insider Buying and Selling

In other Eventbrite news, COO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the transaction, the chief operating officer now owns 617,487 shares of the company’s stock, valued at $2,192,078.85. The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 21.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EB. Jacobs Levy Equity Management Inc. lifted its holdings in Eventbrite by 22.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock worth $5,999,000 after purchasing an additional 405,318 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of Eventbrite by 5.2% in the third quarter. Rice Hall James & Associates LLC now owns 2,174,978 shares of the company’s stock worth $5,938,000 after buying an additional 108,300 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Eventbrite by 125.9% during the second quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock worth $9,573,000 after acquiring an additional 1,102,809 shares during the last quarter. State Street Corp grew its stake in Eventbrite by 1.9% during the third quarter. State Street Corp now owns 1,758,915 shares of the company’s stock valued at $4,802,000 after acquiring an additional 32,210 shares in the last quarter. Finally, Nantahala Capital Management LLC bought a new stake in Eventbrite in the 2nd quarter valued at $7,744,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.