Allspring Global Investments Holdings LLC Has $301,000 Stake in Eventbrite, Inc. (NYSE:EB)

Allspring Global Investments Holdings LLC lowered its stake in shares of Eventbrite, Inc. (NYSE:EB) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,975 shares of the company’s stock after selling 2,339 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Eventbrite were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in EB. American Century Companies Inc. raised its holdings in shares of Eventbrite by 55.7% during the third quarter. American Century Companies Inc. now owns 4,109,897 shares of the company’s stock valued at $40,524,000 after purchasing an additional 1,470,551 shares during the period. Wellington Management Group LLP raised its holdings in shares of Eventbrite by 43.1% during the third quarter. Wellington Management Group LLP now owns 3,705,212 shares of the company’s stock valued at $36,533,000 after purchasing an additional 1,116,749 shares during the period. Invesco Ltd. raised its holdings in shares of Eventbrite by 33.4% during the third quarter. Invesco Ltd. now owns 3,600,139 shares of the company’s stock valued at $35,497,000 after purchasing an additional 900,925 shares during the period. Deepwater Asset Management LLC raised its holdings in shares of Eventbrite by 148.9% during the fourth quarter. Deepwater Asset Management LLC now owns 1,242,083 shares of the company’s stock valued at $10,384,000 after purchasing an additional 743,024 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Eventbrite during the third quarter valued at about $5,184,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insiders Place Their Bets

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $5.52, for a total value of $110,400.00. Following the completion of the sale, the chief financial officer now directly owns 357,839 shares of the company’s stock, valued at approximately $1,975,271.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 17.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EB shares. Piper Sandler dropped their price objective on shares of Eventbrite from $13.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. Truist Financial decreased their target price on shares of Eventbrite from $17.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Finally, Morgan Stanley decreased their target price on shares of Eventbrite from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Eventbrite Trading Up 3.4 %

NYSE:EB opened at $5.38 on Friday. Eventbrite, Inc. has a one year low of $5.00 and a one year high of $11.90. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a 50-day moving average of $5.94 and a 200-day moving average of $7.31. The company has a market cap of $547.55 million, a PE ratio of -19.91 and a beta of 2.51.

Eventbrite (NYSE:EB) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Eventbrite had a negative net margin of 8.12% and a negative return on equity of 14.87%. The business had revenue of $87.76 million during the quarter, compared to the consensus estimate of $88.45 million. As a group, equities research analysts expect that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.

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.