Public Employees Retirement System of Ohio Has $155,000 Stake in Eventbrite, Inc. (NYSE:EB)

Public Employees Retirement System of Ohio boosted its position in Eventbrite, Inc. (NYSE:EB) by 61.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,712 shares of the company’s stock after purchasing an additional 21,525 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Eventbrite worth $155,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EB. Whetstone Capital Advisors LLC increased its position in Eventbrite by 74.6% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock valued at $3,911,000 after acquiring an additional 612,173 shares during the period. Acadian Asset Management LLC raised its position in Eventbrite by 125.9% during the 2nd 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. Dynamic Technology Lab Private Ltd bought a new position in Eventbrite during the 3rd quarter worth $756,000. Nantahala Capital Management LLC bought a new stake in shares of Eventbrite in the 2nd quarter valued at about $7,744,000. Finally, FMR LLC increased its stake in shares of Eventbrite by 59.5% in the third quarter. FMR LLC now owns 152,889 shares of the company’s stock valued at $417,000 after buying an additional 57,011 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Eventbrite Stock Performance

Shares of Eventbrite stock opened at $3.33 on Friday. The company has a market cap of $322.61 million, a P/E ratio of -37.00 and a beta of 2.27. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. The business has a 50-day moving average price of $3.42 and a two-hundred day moving average price of $3.76. Eventbrite, Inc. has a 1-year low of $2.51 and a 1-year high of $9.20.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.58.

Insider Buying and Selling

In related news, COO Charles Baker sold 20,000 shares of the business’s stock in a transaction 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 in the company, valued at $2,192,078.85. The trade was a 3.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.46% of the stock is currently owned by insiders.

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.