Eventbrite (NYSE:EB) Stock Price Up 0.1% – Here’s Why

Eventbrite, Inc. (NYSE:EB) was up 0.1% during trading on Monday . The stock traded as high as $4.44 and last traded at $4.4250. Approximately 947,270 shares were traded during trading, a decline of 51% from the average daily volume of 1,927,676 shares. The stock had previously closed at $4.42.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Eventbrite in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.40.

Eventbrite Price Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50 day simple moving average of $4.25 and a 200-day simple moving average of $3.15. The firm has a market cap of $432.23 million, a price-to-earnings ratio of -36.87 and a beta of 1.39.

Institutional Investors Weigh In On Eventbrite

Several institutional investors and hedge funds have recently added to or reduced their stakes in EB. Rhumbline Advisers grew its stake in Eventbrite by 3.6% in the second quarter. Rhumbline Advisers now owns 114,987 shares of the company’s stock worth $302,000 after purchasing an additional 3,965 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Eventbrite by 16.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 30,919 shares of the company’s stock worth $78,000 after acquiring an additional 4,317 shares during the period. Federated Hermes Inc. lifted its position in shares of Eventbrite by 17.7% in the 2nd quarter. Federated Hermes Inc. now owns 29,250 shares of the company’s stock worth $77,000 after purchasing an additional 4,402 shares during the period. SG Americas Securities LLC boosted its position in Eventbrite by 10.4% during the 4th quarter. SG Americas Securities LLC now owns 55,755 shares of the company’s stock valued at $248,000 after acquiring an additional 5,257 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Eventbrite by 11.1% during the third quarter. Public Employees Retirement System of Ohio now owns 65,085 shares of the company’s stock valued at $164,000 after purchasing an additional 6,500 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

About Eventbrite

Eventbrite is a global event management and ticketing platform that enables organizers to create, promote and sell tickets for live and virtual experiences. The company’s software-as-a-service platform offers tools for event registration, ticketing, seating allocation and on­-site check­-in, allowing users to handle everything from small community gatherings to large-scale festivals through a single interface.

Beyond basic ticket sales, Eventbrite provides integrated marketing and analytics solutions designed to help hosts grow attendance and engage audiences.