Eventbrite, Inc. (NYSE:EB) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Eventbrite, Inc. (NYSE:EBGet Rating) by 85.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,254 shares of the company’s stock after selling 845,127 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.15% of Eventbrite worth $883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EB. MetLife Investment Management LLC lifted its stake in Eventbrite by 60.6% during the 1st quarter. MetLife Investment Management LLC now owns 38,737 shares of the company’s stock valued at $572,000 after acquiring an additional 14,621 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Eventbrite by 21.7% in the 1st quarter. Vontobel Holding Ltd. now owns 56,000 shares of the company’s stock valued at $827,000 after purchasing an additional 10,000 shares during the period. Blair William & Co. IL lifted its stake in shares of Eventbrite by 324.1% in the 1st quarter. Blair William & Co. IL now owns 280,354 shares of the company’s stock valued at $4,141,000 after purchasing an additional 214,243 shares during the period. Sei Investments Co. lifted its stake in shares of Eventbrite by 12.5% in the 1st quarter. Sei Investments Co. now owns 59,144 shares of the company’s stock valued at $874,000 after purchasing an additional 6,555 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Eventbrite by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 7,972,046 shares of the company’s stock valued at $117,747,000 after purchasing an additional 781,763 shares during the period. 85.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Eventbrite from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, November 4th. Piper Sandler decreased their target price on shares of Eventbrite from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, January 6th.

Eventbrite Stock Performance

NYSE:EB opened at $8.09 on Monday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.73 and a current ratio of 1.73. The company has a fifty day moving average of $6.68 and a two-hundred day moving average of $7.34. The stock has a market capitalization of $798.40 million, a PE ratio of -10.37 and a beta of 2.47. Eventbrite, Inc. has a fifty-two week low of $5.30 and a fifty-two week high of $16.16.

Eventbrite (NYSE:EBGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). The company had revenue of $67.47 million for the quarter, compared to analyst estimates of $67.48 million. Eventbrite had a negative return on equity of 47.40% and a negative net margin of 30.61%. As a group, research analysts forecast that Eventbrite, Inc. will post -0.76 earnings per share for the current fiscal year.

Eventbrite Profile

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Eventbrite, Inc operates a self-service ticketing and experience technology platform that serves 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, increase reach, and drive ticket sales.

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Institutional Ownership by Quarter for Eventbrite (NYSE:EB)

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