Eventbrite, Inc. (NYSE:EB) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Eventbrite, Inc. (NYSE:EB) by 46.0% in the 3rd quarter, Holdings Channel reports. The firm owned 476,033 shares of the company’s stock after purchasing an additional 149,934 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Eventbrite were worth $1,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of Eventbrite during the first quarter worth about $64,000. Harbor Capital Advisors Inc. increased its stake in Eventbrite by 54.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock worth $64,000 after buying an additional 8,307 shares during the period. US Bancorp DE boosted its position in Eventbrite by 327.3% in the 3rd quarter. US Bancorp DE now owns 26,004 shares of the company’s stock valued at $71,000 after buying an additional 19,919 shares during the period. Covestor Ltd grew its stake in shares of Eventbrite by 68.3% in the third quarter. Covestor Ltd now owns 33,220 shares of the company’s stock worth $91,000 after acquiring an additional 13,483 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Eventbrite in the first quarter worth $102,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Eventbrite

In related news, CFO Charles Baker sold 20,000 shares of the firm’s 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 transaction, the chief financial officer now owns 628,152 shares in the company, valued at $1,903,300.56. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 21.46% of the company’s stock.

Eventbrite Stock Up 1.2 %

EB stock opened at $3.74 on Wednesday. The stock has a market cap of $361.85 million, a P/E ratio of -41.50 and a beta of 2.29. 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 twelve month low of $2.51 and a twelve month high of $9.20. The company’s 50 day moving average is $3.09 and its two-hundred day moving average is $3.93.

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.