Eventbrite, Inc. (NYSE:EB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Eventbrite, Inc. (NYSE:EB) have been given an average rating of “Hold” by the six ratings firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.40.

A number of equities analysts recently issued reports on EB shares. B. Riley reissued a “neutral” rating and issued a $3.50 price target (down from $5.00) on shares of Eventbrite in a research note on Friday, February 28th. BWS Financial reissued a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a research report on Monday, March 3rd.

Eventbrite Trading Down 3.8 %

NYSE:EB opened at $2.18 on Tuesday. The company has a 50-day moving average price of $2.93 and a 200-day moving average price of $3.16. The stock has a market cap of $205.82 million, a price-to-earnings ratio of -24.17 and a beta of 2.24. 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 has a 12 month low of $2.11 and a 12 month high of $5.98.

Institutional Investors Weigh In On Eventbrite

A number of hedge funds and other institutional investors have recently bought and sold shares of EB. Price T Rowe Associates Inc. MD grew its stake in shares of Eventbrite by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company’s stock worth $209,000 after acquiring an additional 5,114 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Eventbrite by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 227,548 shares of the company’s stock worth $765,000 after purchasing an additional 5,359 shares in the last quarter. Intech Investment Management LLC grew its position in Eventbrite by 26.6% during the 4th quarter. Intech Investment Management LLC now owns 32,601 shares of the company’s stock valued at $110,000 after purchasing an additional 6,842 shares during the last quarter. ProShare Advisors LLC increased its stake in Eventbrite by 47.2% during the 4th quarter. ProShare Advisors LLC now owns 22,392 shares of the company’s stock valued at $75,000 after purchasing an additional 7,182 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Eventbrite by 12.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 64,012 shares of the company’s stock worth $215,000 after buying an additional 7,300 shares during the last quarter. 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.