35,415 Shares in Eventbrite, Inc. (NYSE:EB) Acquired by Waypoint Wealth Partners Inc.

Waypoint Wealth Partners Inc. purchased a new stake in Eventbrite, Inc. (NYSE:EB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 35,415 shares of the company’s stock, valued at approximately $171,000.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of Eventbrite by 3.5% during the fourth quarter. BNP Paribas Financial Markets now owns 71,858 shares of the company’s stock worth $601,000 after buying an additional 2,425 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Eventbrite by 10.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,805 shares of the company’s stock worth $291,000 after acquiring an additional 3,311 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. acquired a new stake in Eventbrite during the 4th quarter valued at $33,000. Swiss National Bank raised its position in Eventbrite by 3.1% in the 1st quarter. Swiss National Bank now owns 159,300 shares of the company’s stock valued at $873,000 after purchasing an additional 4,800 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Eventbrite by 18.6% in the 4th quarter. New York State Common Retirement Fund now owns 35,380 shares of the company’s stock valued at $296,000 after purchasing an additional 5,549 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EB. B. Riley lowered their target price on Eventbrite from $10.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 9th. BWS Financial restated a “buy” rating and issued a $7.00 price objective on shares of Eventbrite in a research report on Friday, August 9th. Piper Sandler lowered shares of Eventbrite from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $9.00 to $4.00 in a research report on Friday, August 9th. Morgan Stanley lowered their price target on shares of Eventbrite from $9.00 to $6.50 and set an “equal weight” rating for the company in a report on Tuesday, May 21st. Finally, Truist Financial downgraded Eventbrite from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.58.

Eventbrite Trading Up 1.2 %

Shares of EB traded up $0.04 on Friday, reaching $3.41. 1,059,841 shares of the company’s stock were exchanged, compared to its average volume of 1,888,095. The business has a 50 day moving average price of $4.43 and a two-hundred day moving average price of $5.39. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.95. Eventbrite, Inc. has a 12 month low of $2.51 and a 12 month high of $10.50. The stock has a market capitalization of $331.16 million, a P/E ratio of -17.95 and a beta of 2.34.

Eventbrite (NYSE:EB) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.07. The business had revenue of $84.55 million for the quarter, compared to analyst estimates of $86.15 million. Eventbrite had a negative return on equity of 10.00% and a negative net margin of 5.47%. During the same period last year, the company earned ($0.03) EPS. Research analysts anticipate that Eventbrite, Inc. will post -0.16 earnings per share for the current year.

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.