Susquehanna Fundamental Investments LLC Purchases New Shares in Eventbrite, Inc. (NYSE:EB)

Susquehanna Fundamental Investments LLC acquired a new position in Eventbrite, Inc. (NYSE:EB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 350,989 shares of the company’s stock, valued at approximately $1,179,000. Susquehanna Fundamental Investments LLC owned approximately 0.36% of Eventbrite at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EB. US Bancorp DE boosted its position in shares of Eventbrite by 53.9% in the 4th quarter. US Bancorp DE now owns 40,011 shares of the company’s stock worth $134,000 after purchasing an additional 14,007 shares in the last quarter. Barclays PLC boosted its holdings in Eventbrite by 151.8% in the third quarter. Barclays PLC now owns 169,642 shares of the company’s stock worth $462,000 after acquiring an additional 102,283 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Eventbrite by 550.0% in the fourth quarter. Alliancebernstein L.P. now owns 503,750 shares of the company’s stock worth $1,693,000 after acquiring an additional 426,250 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Eventbrite by 76.6% during the fourth quarter. Savant Capital LLC now owns 37,590 shares of the company’s stock valued at $126,000 after acquiring an additional 16,310 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Eventbrite by 26.6% in the 4th quarter. Intech Investment Management LLC now owns 32,601 shares of the company’s stock worth $110,000 after purchasing an additional 6,842 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Performance

Shares of NYSE EB opened at $2.14 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The firm’s 50-day moving average price is $2.26 and its 200-day moving average price is $3.02. Eventbrite, Inc. has a 52-week low of $1.81 and a 52-week high of $5.92. The company has a market cap of $202.51 million, a PE ratio of -23.78 and a beta of 2.05.

Analyst Ratings Changes

Several analysts recently commented on EB shares. B. Riley reissued a “neutral” rating and set a $3.50 price objective (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. BWS Financial reissued a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.25.

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.