33,090 Shares in Eventbrite, Inc. $EB Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new position in shares of Eventbrite, Inc. (NYSE:EB) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 33,090 shares of the company’s stock, valued at approximately $87,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Great Lakes Advisors LLC bought a new stake in shares of Eventbrite during the first quarter worth $44,000. R Squared Ltd acquired a new position in Eventbrite in the 2nd quarter worth $50,000. Federated Hermes Inc. acquired a new position in Eventbrite in the 1st quarter worth $52,000. Bank of Montreal Can bought a new position in Eventbrite during the 2nd quarter worth about $88,000. Finally, State of Wyoming raised its stake in shares of Eventbrite by 43.8% in the 1st quarter. State of Wyoming now owns 51,531 shares of the company’s stock valued at $109,000 after purchasing an additional 15,706 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Ratings Changes

EB has been the topic of a number of research reports. Morgan Stanley set a $2.70 price target on Eventbrite in a report on Sunday, August 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Eventbrite in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.40.

Eventbrite Price Performance

Shares of NYSE EB opened at $2.61 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50-day moving average of $2.55 and a 200-day moving average of $2.52. The stock has a market capitalization of $254.46 million, a price-to-earnings ratio of -21.71 and a beta of 2.04. Eventbrite, Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $4.12.

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.