Palogic Value Management L.P. Cuts Stock Position in Eventbrite, Inc. (NYSE:EB)

Palogic Value Management L.P. lessened its stake in shares of Eventbrite, Inc. (NYSE:EB) by 42.9% in the 4th quarter, Holdings Channel reports. The firm owned 600,000 shares of the company’s stock after selling 450,000 shares during the period. Palogic Value Management L.P.’s holdings in Eventbrite were worth $2,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Eventbrite by 22.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock valued at $5,999,000 after purchasing an additional 405,318 shares during the last quarter. State Street Corp lifted its holdings in shares of Eventbrite by 1.9% in the 3rd quarter. State Street Corp now owns 1,758,915 shares of the company’s stock valued at $4,802,000 after acquiring an additional 32,210 shares during the last quarter. Whetstone Capital Advisors LLC lifted its holdings in shares of 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 last quarter. Algert Global LLC lifted its holdings in shares of Eventbrite by 28.5% in the 3rd quarter. Algert Global LLC now owns 739,768 shares of the company’s stock valued at $2,020,000 after acquiring an additional 164,080 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Eventbrite by 48.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 708,386 shares of the company’s stock valued at $2,380,000 after acquiring an additional 232,353 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Up 0.6 %

Shares of NYSE EB opened at $2.34 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $220.96 million, a P/E ratio of -25.94 and a beta of 2.24. Eventbrite, Inc. has a 1 year low of $2.11 and a 1 year high of $6.02. The firm has a 50-day simple moving average of $3.07 and a two-hundred day simple moving average of $3.19.

Analyst Upgrades and Downgrades

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

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.