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

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

Insider Transactions at Eventbrite

In other Eventbrite news, COO Charles Baker sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 617,487 shares in the company, valued at $2,192,078.85. This trade represents a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 21.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Whetstone Capital Advisors LLC grew its holdings in shares of Eventbrite by 74.6% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock valued at $3,911,000 after acquiring an additional 612,173 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Eventbrite in the third quarter valued at about $756,000. Nantahala Capital Management LLC acquired a new position in Eventbrite in the 2nd quarter worth about $7,744,000. FMR LLC raised its stake in shares of Eventbrite by 59.5% during the 3rd quarter. FMR LLC now owns 152,889 shares of the company’s stock worth $417,000 after purchasing an additional 57,011 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Eventbrite by 22.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock valued at $5,999,000 after buying an additional 405,318 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Eventbrite Stock Up 1.9 %

Shares of NYSE EB traded up $0.07 during mid-day trading on Thursday, reaching $3.50. The company had a trading volume of 354,050 shares, compared to its average volume of 822,838. 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 market capitalization of $338.60 million, a price-to-earnings ratio of -38.83 and a beta of 2.26. The stock has a fifty day moving average of $3.56 and a two-hundred day moving average of $3.56. Eventbrite has a 12-month low of $2.51 and a 12-month high of $9.20.

Analyst Upgrades and Downgrades

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

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.