Brokerages Set Eventbrite, Inc. (NYSE:EB) Price Target at $5.40

Eventbrite, Inc. (NYSE:EB) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.40.

Several analysts have recently weighed in on the stock. BWS Financial restated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a report on Monday, March 3rd. B. Riley reissued a “neutral” rating and set a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a research note on Friday, February 28th.

Hedge Funds Weigh In On Eventbrite

Several large investors have recently made changes to their positions in the stock. Nantahala Capital Management LLC boosted its holdings in Eventbrite by 76.5% during the 4th quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock valued at $19,928,000 after acquiring an additional 2,569,747 shares during the period. Winslow Capital Management LLC acquired a new stake in shares of Eventbrite during the fourth quarter worth about $7,962,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Eventbrite by 6.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,343,284 shares of the company’s stock worth $7,873,000 after purchasing an additional 145,846 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Eventbrite by 24.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,016,634 shares of the company’s stock valued at $6,776,000 after purchasing an additional 393,964 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Eventbrite by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,778,279 shares of the company’s stock valued at $5,977,000 after purchasing an additional 11,135 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Eventbrite Trading Down 3.0 %

Shares of EB stock opened at $2.12 on Tuesday. Eventbrite has a twelve month low of $2.07 and a twelve month high of $5.98. The stock has a market cap of $200.14 million, a price-to-earnings ratio of -23.50 and a beta of 2.24. The company’s 50-day moving average price is $2.90 and its 200-day moving average price is $3.15. 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 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.