Eventbrite’s (EB) Buy Rating Reiterated at BWS Financial

BWS Financial reiterated their buy rating on shares of Eventbrite (NYSE:EB) in a report released on Wednesday morning,Benzinga reports. They currently have a $7.00 target price on the stock.

A number of other equities research analysts also recently weighed in on EB. B. Riley reduced their target price on Eventbrite from $10.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 9th. KeyCorp cut Eventbrite from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 9th. Truist Financial cut shares of Eventbrite from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Piper Sandler downgraded shares of Eventbrite from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $9.00 to $4.00 in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Eventbrite currently has an average rating of “Hold” and a consensus target price of $6.58.

Eventbrite Stock Performance

Shares of NYSE EB opened at $3.51 on Wednesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $336.83 million, a price-to-earnings ratio of -38.94 and a beta of 2.29. The stock’s fifty day moving average price is $3.02 and its two-hundred day moving average price is $4.04. Eventbrite has a one year low of $2.51 and a one year high of $9.20.

Insider Buying and Selling

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.03, for a total value of $60,600.00. Following the transaction, the chief financial officer now owns 628,152 shares of the company’s stock, valued at approximately $1,903,300.56. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Vivek Sagi sold 75,000 shares of Eventbrite stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $3.44, for a total transaction of $258,000.00. Following the transaction, the chief technology officer now owns 495,464 shares in the company, valued at $1,704,396.16. This represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. 21.46% of the stock is owned by insiders.

Institutional Trading of Eventbrite

A number of large investors have recently added to or reduced their stakes in EB. Quantbot Technologies LP purchased a new position in Eventbrite during the 3rd quarter worth $25,000. Paloma Partners Management Co bought a new stake in shares of Eventbrite in the third quarter valued at about $44,000. Quadrature Capital Ltd purchased a new stake in Eventbrite in the first quarter worth about $64,000. Harbor Capital Advisors Inc. grew its holdings in Eventbrite by 54.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock worth $64,000 after acquiring an additional 8,307 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Eventbrite during the 3rd quarter valued at about $70,000. Institutional investors own 91.64% of the company’s stock.

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.