Eventbrite, Inc. (NYSE:EB) Short Interest Update

Eventbrite, Inc. (NYSE:EB) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 3,390,000 shares, a decline of 21.5% from the December 31st total of 4,320,000 shares. Based on an average trading volume of 1,420,000 shares, the short-interest ratio is currently 2.4 days.

Analyst Ratings Changes

Separately, BWS Financial reissued a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.58.

Eventbrite Trading Down 3.9 %

Eventbrite stock traded down $0.14 during mid-day trading on Thursday, hitting $3.35. The company’s stock had a trading volume of 339,257 shares, compared to its average volume of 791,507. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The company has a 50 day moving average of $3.55 and a 200-day moving average of $3.48. Eventbrite has a one year low of $2.51 and a one year high of $9.20. The stock has a market cap of $324.06 million, a PE ratio of -37.28 and a beta of 2.26.

Eventbrite (NYSE:EB) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.09. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. The firm had revenue of $77.80 million during the quarter, compared to the consensus estimate of $75.75 million. During the same period in the previous year, the company posted ($0.10) earnings per share. On average, research analysts anticipate that Eventbrite will post -0.12 EPS for the current year.

Insider Transactions at Eventbrite

In other news, COO Charles Baker sold 20,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $3.55, for a total value of $71,000.00. Following the completion of the sale, the chief operating officer now owns 617,487 shares in the company, valued at $2,192,078.85. This represents a 3.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 21.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Eventbrite

Hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. boosted its position in Eventbrite by 54.8% in the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock valued at $64,000 after buying an additional 8,307 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Eventbrite in the 3rd quarter valued at $25,000. Pallas Capital Advisors LLC purchased a new stake in shares of Eventbrite in the 4th quarter valued at $37,000. Covestor Ltd increased its stake in shares of Eventbrite by 68.3% in the third quarter. Covestor Ltd now owns 33,220 shares of the company’s stock worth $91,000 after acquiring an additional 13,483 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Eventbrite by 18.5% during the fourth quarter. SG Americas Securities LLC now owns 89,012 shares of the company’s stock worth $299,000 after purchasing an additional 13,882 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.