Savant Capital LLC Acquires 31,603 Shares of Eventbrite, Inc. $EB

Savant Capital LLC increased its holdings in Eventbrite, Inc. (NYSE:EB) by 37.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,091 shares of the company’s stock after buying an additional 31,603 shares during the period. Savant Capital LLC owned about 0.12% of Eventbrite worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Great Lakes Advisors LLC purchased a new position in shares of Eventbrite in the 1st quarter valued at $44,000. R Squared Ltd bought a new stake in Eventbrite during the second quarter valued at about $50,000. Federated Hermes Inc. purchased a new position in Eventbrite in the first quarter valued at about $52,000. Bank of Montreal Can purchased a new position in Eventbrite in the second quarter valued at about $88,000. Finally, State of Wyoming lifted its position in shares of Eventbrite by 43.8% during the first quarter. State of Wyoming now owns 51,531 shares of the company’s stock valued at $109,000 after buying an additional 15,706 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Eventbrite Trading Down 1.0%

Shares of Eventbrite stock opened at $2.61 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.29. Eventbrite, Inc. has a 12-month low of $1.80 and a 12-month high of $4.12. The firm has a market capitalization of $254.46 million, a price-to-earnings ratio of -21.71 and a beta of 2.04. The firm’s 50 day simple moving average is $2.55 and its two-hundred day simple moving average is $2.52.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EB shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Eventbrite in a report on Monday. Morgan Stanley set a $2.70 target price on Eventbrite in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.40.

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.