Eventbrite, Inc. (NYSE:EB) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 26.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,601 shares of the company’s stock after purchasing an additional 6,842 shares during the period. Intech Investment Management LLC’s holdings in Eventbrite were worth $110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Algert Global LLC boosted its stake in shares of Eventbrite by 28.5% during the third quarter. Algert Global LLC now owns 739,768 shares of the company’s stock worth $2,020,000 after buying an additional 164,080 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Eventbrite during the 3rd quarter valued at approximately $756,000. Quantbot Technologies LP acquired a new stake in shares of Eventbrite during the third quarter worth $25,000. FMR LLC lifted its holdings in shares of Eventbrite by 59.5% during the third quarter. FMR LLC now owns 152,889 shares of the company’s stock worth $417,000 after purchasing an additional 57,011 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Eventbrite by 14.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 227,897 shares of the company’s stock valued at $622,000 after buying an additional 29,390 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EB shares. BWS Financial reiterated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research note on Monday, March 3rd. B. Riley reiterated a “neutral” rating and set a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.40.

Eventbrite Trading Down 0.7 %

Shares of EB opened at $2.25 on Friday. Eventbrite, Inc. has a twelve month low of $2.11 and a twelve month high of $5.98. 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 firm has a market capitalization of $212.44 million, a P/E ratio of -24.94 and a beta of 2.24. The firm’s 50-day moving average is $2.96 and its two-hundred day moving average is $3.16.

Eventbrite Company 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.